 "Pre-Market: Stocks to watch in trade on Monday")
Here are a few stocks that are likely to be in focus today:
Drugmaker Lupin will replace private sector electricity producer Tata Power on the BSE benchmark index Sensex from today.
Blue Star said the company was in final stage of discussions for setting up a manufacturing unit in south India.
Union Bank of India has reduced deposit rates, both corporate and retail, in select maturities by 10 basis points (bps) to 30 bps.
Buoyed by robust response to new sports bike Pulsar RS200, Bajaj Auto is ramping up monthly production of the motorcycle model by over two-fold to 4,000 units in the next two months.
Coal India will hold pre-bid consultations with all interested bidders prior to issuance of a global tender for setting up a monitoring system for projects of more than Rs 150 crore, as the PSU eyes production of 1 billion tonne by 2019-20.
United Bank of India is mulling at shifting its treasury department to the financial capital of the country in order to stay closer to the market.
Direct-to-Home service provider Dish TV is looking to add up to 1.7 million net subscribers this fiscal, according to a top company official.
NTPC has put on back-burner its plan to set up a 1600 MW coal-based project at Gajmara in Odisha as it has enough projects in hand, a top official of the PSU said.
Tata Communications said that it is evaluating to enhance branding activities in India and the US and may even include Singapore and Hong Kong depending on opportunities.
Base metals are likely to remain sideways in coming weeks due the fear of a Greek default and weakening demand from China, the world’s largest consumer.
Indiabulls Real Estate will seek shareholders' nod to raise a total of Rs 538 crore from promoters, including convertible warrants worth Rs 290 crore.
MARKET COMMENTARY
The markets are likely to open flat with positive bias on Monday following mixed trend across other Asian markets. The early indicator, SGX Nifty is up 15 points at 8,260.
Market participants said that investors will also keep an eye on how the monsoon progresses. Global events such as Greece outcome could also drive the markets. Further, stock markets may witness volatility this week amid expiry of derivatives contracts.
Markets gained for the sixth straight session on Friday with Nifty settling above the 8,200 levels comfortably supported by sustained buying across the board. RIL displayed a spectacular rally for the sixth straight day on optimism concerning the company's 4G telecom services that is likely to roll out under the Reliance Jio brand in December.
GLOBAL MARKETS
US stock futures jumped in early Asian trade on Monday after Greek Prime Minister Alexis Tsipras offered a new package of reforms to foreign creditors - a ray of hope for a last-minute deal at the emergency euro zone summit meeting later in the day.
But many investors were still cautious because it was not immediately clear how far the new proposal yielded to creditors' demands for additional spending cuts and tax hikes, nor whether creditors can stomach the offer.
With Reuters input
Drugmaker Lupin will replace private sector electricity producer Tata Power on the BSE benchmark index Sensex from today.
Blue Star said the company was in final stage of discussions for setting up a manufacturing unit in south India.
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Financial Technologies (India) has entered into a share purchase agreement to divest a 16.6 per cent stake in Indian Energy Exchange (IEX) for a consideration of Rs 357.06 crore. The transaction is likely to be closed within 60 days from its execution, unless extended mutually by all parties.
Union Bank of India has reduced deposit rates, both corporate and retail, in select maturities by 10 basis points (bps) to 30 bps.
Buoyed by robust response to new sports bike Pulsar RS200, Bajaj Auto is ramping up monthly production of the motorcycle model by over two-fold to 4,000 units in the next two months.
Coal India will hold pre-bid consultations with all interested bidders prior to issuance of a global tender for setting up a monitoring system for projects of more than Rs 150 crore, as the PSU eyes production of 1 billion tonne by 2019-20.
United Bank of India is mulling at shifting its treasury department to the financial capital of the country in order to stay closer to the market.
Direct-to-Home service provider Dish TV is looking to add up to 1.7 million net subscribers this fiscal, according to a top company official.
NTPC has put on back-burner its plan to set up a 1600 MW coal-based project at Gajmara in Odisha as it has enough projects in hand, a top official of the PSU said.
Tata Communications said that it is evaluating to enhance branding activities in India and the US and may even include Singapore and Hong Kong depending on opportunities.
Base metals are likely to remain sideways in coming weeks due the fear of a Greek default and weakening demand from China, the world’s largest consumer.
Indiabulls Real Estate will seek shareholders' nod to raise a total of Rs 538 crore from promoters, including convertible warrants worth Rs 290 crore.
MARKET COMMENTARY
The markets are likely to open flat with positive bias on Monday following mixed trend across other Asian markets. The early indicator, SGX Nifty is up 15 points at 8,260.
Market participants said that investors will also keep an eye on how the monsoon progresses. Global events such as Greece outcome could also drive the markets. Further, stock markets may witness volatility this week amid expiry of derivatives contracts.
Markets gained for the sixth straight session on Friday with Nifty settling above the 8,200 levels comfortably supported by sustained buying across the board. RIL displayed a spectacular rally for the sixth straight day on optimism concerning the company's 4G telecom services that is likely to roll out under the Reliance Jio brand in December.
GLOBAL MARKETS
US stock futures jumped in early Asian trade on Monday after Greek Prime Minister Alexis Tsipras offered a new package of reforms to foreign creditors - a ray of hope for a last-minute deal at the emergency euro zone summit meeting later in the day.
But many investors were still cautious because it was not immediately clear how far the new proposal yielded to creditors' demands for additional spending cuts and tax hikes, nor whether creditors can stomach the offer.
With Reuters input