 "Markets likely to open flat as Fed maintains dovish stance")
Here are a few stocks that are likely to be in focus today:
HDFC Bank has cut base rate or minimum lending rate by 0.15%, a move which will lower EMIs for its borrowers.
The Bombay High Court on Wednesday termed "invalid" the appointment of two directors on YES Bank's board and declared that the proposed appointments of three others - Rajat Monga, Sanjay Palve and Pralay Mondal - were void.
Industrial action by workers at Tata Steel UK has been suspended until Saturday so that a new offer on pensions can be considered.
Torrent Pharma has got approval from the government to raise the limit of investment by foreign institutional investors (FII) from 13.09 per cent to 35 per cent.
PTC India Financial Services Ltd (PFS) has raised about $60 million from two international development finance bodies to fund renewable energy projects.
Bharti Airtel has said its agreement with Helios Towers Africa (HTA) for sale of tower assets in Tanzania and Tchad signed last year has been terminated.
The board of NLC Tamil Nadu Power Limited (NTPL), a joint venture company involving Neyveli Lignite Corporation, gave its nod to borrow Rs 1,184.92 crore from Power Finance Corporation.
ACC has resumed limestone mining operations at Bargarh, Odisha, after about nine months.
SBI is targeting 12% growth in credit in the state this fiscal, banking on a turnaround in the mining sector which it expects to happen by the third quarter.
NTPC has entered into an agreement with Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) to form a joint venture company for mining at Kudanali-Luburi coal block in Odisha.
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.
SpiceJet has put up 50,000 tickets on sale for four days to popular international destinations such as Colombo, Bangkok and Dubai.
Orchid Chemicals & Pharmaceuticals has received nod from the US health regulator USFDA for generic anti-bacterial Gemifloxacin Mesylate tablets.
Proposals for foreign direct investment amounting to around Rs 4,000 crore by four pharma and medical devices firms, including Torrent Pharmaceuticals and Biocon's research services arm Syngene, were approved by the government.
MARKET COMMENTARY
Markets are likely to open on a flat-to-positive note after the Federal Reserve post the two-day FOMC meet kept the interest rates steady at zero and indicated it may hike interest rates in September.
Benchmark share indices gained for the fourth straight session on Wednesday led by index heavyweight Reliance Industries while FMCG shares gained after concerns over monsoon eased.
Further, foreign portfolio investors (FPIs) sold shares worth a net Rs 940.91 crore yesterday as per provisional data released by the stock exchanges.
GLOBAL MARKETS
US stocks ended slightly higher following a choppy session Wednesday after the Federal Reserve said the US economy is likely strong enough to withstand an interest rate hike later this year.
Even if a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less by the end of 2016 and 2017 than they did in their March forecasts.
That view on rates saw high-yielding stocks gain, with the S&P 500 utilities sector up 0.9 percent after hitting on Tuesday its lowest since late September.
Asian equities rose early on Thursday after the Federal Reserve sounded more dovish than many had expected and led investors to push back their expected timing of a rate hike, while the dollar was put on the defensive on the same token.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.3%. South Korea's Kospi rose 0.7%, while Japan's Nikkei dipped 0.1% on the yen's gains against the dollar.
With Reuters input
HDFC Bank has cut base rate or minimum lending rate by 0.15%, a move which will lower EMIs for its borrowers.
The Bombay High Court on Wednesday termed "invalid" the appointment of two directors on YES Bank's board and declared that the proposed appointments of three others - Rajat Monga, Sanjay Palve and Pralay Mondal - were void.
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Maggi is set to lose $200 million in brand value after Food Safety and Standards Authority of India (FSSAI) ordered manufacturer Nestlé recall all its variants, according to Brand Finance, an independent asset valuation consultancy. Nestle will be in focus.
Industrial action by workers at Tata Steel UK has been suspended until Saturday so that a new offer on pensions can be considered.
Torrent Pharma has got approval from the government to raise the limit of investment by foreign institutional investors (FII) from 13.09 per cent to 35 per cent.
PTC India Financial Services Ltd (PFS) has raised about $60 million from two international development finance bodies to fund renewable energy projects.
Bharti Airtel has said its agreement with Helios Towers Africa (HTA) for sale of tower assets in Tanzania and Tchad signed last year has been terminated.
The board of NLC Tamil Nadu Power Limited (NTPL), a joint venture company involving Neyveli Lignite Corporation, gave its nod to borrow Rs 1,184.92 crore from Power Finance Corporation.
ACC has resumed limestone mining operations at Bargarh, Odisha, after about nine months.
SBI is targeting 12% growth in credit in the state this fiscal, banking on a turnaround in the mining sector which it expects to happen by the third quarter.
NTPC has entered into an agreement with Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) to form a joint venture company for mining at Kudanali-Luburi coal block in Odisha.
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.
SpiceJet has put up 50,000 tickets on sale for four days to popular international destinations such as Colombo, Bangkok and Dubai.
Orchid Chemicals & Pharmaceuticals has received nod from the US health regulator USFDA for generic anti-bacterial Gemifloxacin Mesylate tablets.
Proposals for foreign direct investment amounting to around Rs 4,000 crore by four pharma and medical devices firms, including Torrent Pharmaceuticals and Biocon's research services arm Syngene, were approved by the government.
MARKET COMMENTARY
Markets are likely to open on a flat-to-positive note after the Federal Reserve post the two-day FOMC meet kept the interest rates steady at zero and indicated it may hike interest rates in September.
Benchmark share indices gained for the fourth straight session on Wednesday led by index heavyweight Reliance Industries while FMCG shares gained after concerns over monsoon eased.
Further, foreign portfolio investors (FPIs) sold shares worth a net Rs 940.91 crore yesterday as per provisional data released by the stock exchanges.
GLOBAL MARKETS
US stocks ended slightly higher following a choppy session Wednesday after the Federal Reserve said the US economy is likely strong enough to withstand an interest rate hike later this year.
Even if a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less by the end of 2016 and 2017 than they did in their March forecasts.
That view on rates saw high-yielding stocks gain, with the S&P 500 utilities sector up 0.9 percent after hitting on Tuesday its lowest since late September.
Asian equities rose early on Thursday after the Federal Reserve sounded more dovish than many had expected and led investors to push back their expected timing of a rate hike, while the dollar was put on the defensive on the same token.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.3%. South Korea's Kospi rose 0.7%, while Japan's Nikkei dipped 0.1% on the yen's gains against the dollar.
With Reuters input