Domestic equity markets are likely to open on a flat note on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
SGX Nifty was trading 6 points, or 0.06 per cent, up at 9,524.50 around 8:05 AM (IST). Asian stocks fluctuated along with the Japanese yen as Japanese Prime Minister Shinzo Abe’s party suffered a crushing defeat in Tokyo elections.
Here is a list of Top Stocks that are likely to be in focus today:
Auto stocks in focus: Maruti Suzuki and Hero MotoCorp, leaders in the country's four-wheeled and two-wheeled vehicle markets, were the first to drop prices after the July 1 midnight adoption of GST. Hyundai Motor India, Tata MotorsBSE -0.66 %, and Ford India ¬ manufacturers that compete with Maruti locally ¬ are likely to follow suit with cuts in the next few days. For the Maruti Suzuki's range of vehicles, prices declined between Rs 2,300 and Rs 23,400 a unit. The range was wider at Toyota's Indian unit, which slashed vehicle prices between Rs 10,500 and Rs 217,000 apiece. Hero MotoCorp's prices declined between Rs 400 and Rs 4,000.
HUL: FMCG major HULBSE 0.73 % has reduced the prices of some of its detergents and soaps, extending the tax benefits the company has got under the GST regime to consumers. The company has slashed the price of its detergent soap Rin bar of 250 gm to Rs 15 from Rs 18 and increased weight (grammage) of its Surf Excel bar costing Rs 10 to 105 gm from 95 gm at the same price. Besides, it is also offering 33 per cent extra in Dove bathing bar.
NovartisBSE -0.04 % India: Months after sealing a deal with Ahmedabad-based Torrent Pharma for the sale of two of its leading women's healthcare brands, Swiss pharmaceutical major Novartis AG is now in advanced stages of selling its niche portfolio of anti-infective brands as part of its ongoing strategy to divest non-core portfolios in India, two sources familiar with the proposed transaction told ET NOW on the condition of anonymity.
JSW Steel: Sajjan Jindal-led JSW SteelBSE 0.86 % has recorded its highest-ever crude steel production at 15.80 mt during 2016-17, surpassing earlier guidance. This is 25 per cent more than what the company produced in 2015-16.
AurobindoBSE 0.79 % Pharma: The drugmaker is devising a plan to expand into EU countries such as Poland and the Czech Republic as part of its broader efforts to consolidate business over the next 3-4 years. The company, which is eyeing growth in Italy and Spain too, going ahead, looks to launch various new products in the US market.
IOC: India's largest refiner Indian OilBSE -0.42 % Corporation (IOC) is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from its refineries later this year, trade sources said on Friday.
PNB: Punjab National BankBSE 0.07 % (PNBBSE 0.07 %) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by the end of this month. The bank will not charge anything for the replacement and it will be provided free of cost.
Coal India: A Coal India subsidiary has stopped supplies to independent power producers, acting on the government’s direction to divert stocks to generation companies catering to an unforeseen rise in electricity demand. The decision has triggered protests among the affected buyers who allege they’re being discriminated against.
Tata Motors: Automobile major Tata Motors on Saturday reported that its total sales including exports during June declined by nine per cent to 40,358 units from 44,525 vehicles sold during the same month last year.
JMC Projects: The company has secured three new orders worth Rs 710 crore. The order includes two water pipeline projects in Madhya Pradesh totalling Rs 257 crore, four commercial projects in Bangalore and Chennai totalling Rs 340 crore and one residential project in Chennai of Rs 115 crore. The announcement was made after market hours on Friday.
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