 "Market Watch: Stocks to watch in trade on Monday")
Oil and Natural Gas Corporation (ONGC) is likely to react to the news that it will start its biggest ever exploration in Mahanadi basin area this fiscal to find out ways for commercial exploitation of fuels.
Canara Bank and Oriental Bank of Commerce are likely to see action on the news that they have cut the base rates to 10%, which will translate into lower EMIs for their loan consumers.
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Allahabad Bank is likely to set to be in the news after reporting a 28.5% jump in net profit for the quarter ended March 2015.
Kansai Nerolac has plans to set up a manufacturing unit in Gujarat at a cost of Rs 350 crore, according to reports.
GlaxoSmithkline (GSK) Consumer Healthcare has reported a 14.60% jump in net profit at Rs 196.78 crore for the fourth quarter ended on March 31, 2015. This stock could therefore see some traction in trade today.
BPCL has reportedly received nod from the Environment Ministry for a Rs 4,588 crore expansion at its refinery facility
MARKET COMMENTARY
The markets are expected to trade higher this morning in line with the positive trend across the Asian bourses.
Asian stocks are having a good opening session, with the Key benchmark indices in China, Singapore, Hong Kong, Japan, Indonesia and South Korea rising upto 1% each.
EARNINGS CALENDAR
Among key corporate earnings, Adani Power, Bank of Baroda and Havells India are scheduled to announce their quarter ended 31 March 2015 earnings today, 11 May 2015.