 "Pre-market: Five stocks to watch out for in trade today")
Markets are likely to open lower tracking overnight losses on Wall Street and weakness in their Asian peers.
At 8:45AM, the early indicator, SGX Nifty was down 38 points at 8,140.
Asian markets were trading lower tracking overnight losses on Wall Street. The benchmark Nikkei was down 0.4%. Shanghai Composite and Hang seng were trading 0.5-1.8% lower. Straits Times was trading 0.3% down.
The Dow Jones Industrial Average ended down 0.6% at 17,014 and the S&P 500 ended down 0.7% at 1,988 and the Nasdaq ended down 0.9% at 4,552.
Stocks to watch:
Lanco Infratech is planning to sell 3,000 Mw of capacity to raise Rs 5,000 crore. The funds raised will be used to reduce the company’s debt, currently about Rs 35,000 crore.
HDFC Mutual Fund has bought 14.2 lakh shares of real-estate company BL Kashyap on Tuesday.
Biocon Ltd, India's largest publicly held biotechnology company, has said that it is buying back the 7.69% stake held by GE Capital in Biocon's research arm Syngene for Rs 215.38 crore, valuing the research arm at around Rs 2,800 crore.
Forward Markets Commission (FMC) said it will not approve new contracts for trading on Multi-Commodity Exchange (MCX) and the contract launch calendar for 2015 will be kept in abeyance.
Metal stocks will be in focus after the Supreme Court on Tuesday reserved its order on coal block allocations. While the government didn’t press the court to favour a few blocks, industry representatives pleaded for a committee to select and exempt the blocks, allocations of which didn’t involve any criminality.
At 8:45AM, the early indicator, SGX Nifty was down 38 points at 8,140.
Asian markets were trading lower tracking overnight losses on Wall Street. The benchmark Nikkei was down 0.4%. Shanghai Composite and Hang seng were trading 0.5-1.8% lower. Straits Times was trading 0.3% down.
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US markets ended lower on Tuesday on concerns that the US Fed may raise interest rates sooner than expected while losses in Apple shares also weighed on market sentiment.
The Dow Jones Industrial Average ended down 0.6% at 17,014 and the S&P 500 ended down 0.7% at 1,988 and the Nasdaq ended down 0.9% at 4,552.
Stocks to watch:
Lanco Infratech is planning to sell 3,000 Mw of capacity to raise Rs 5,000 crore. The funds raised will be used to reduce the company’s debt, currently about Rs 35,000 crore.
HDFC Mutual Fund has bought 14.2 lakh shares of real-estate company BL Kashyap on Tuesday.
Biocon Ltd, India's largest publicly held biotechnology company, has said that it is buying back the 7.69% stake held by GE Capital in Biocon's research arm Syngene for Rs 215.38 crore, valuing the research arm at around Rs 2,800 crore.
Forward Markets Commission (FMC) said it will not approve new contracts for trading on Multi-Commodity Exchange (MCX) and the contract launch calendar for 2015 will be kept in abeyance.
Metal stocks will be in focus after the Supreme Court on Tuesday reserved its order on coal block allocations. While the government didn’t press the court to favour a few blocks, industry representatives pleaded for a committee to select and exempt the blocks, allocations of which didn’t involve any criminality.