GMR Infrastructure developer of power plant, airports, roads may take a hit this morning on reports that it is expected to close its second coal mine acquisition in Indonesia. The mine is expected to cost close to $150 million and has reserves of close to 200 million tonne.
Sesa Goa will be closely watched as it secures a stay order againt Bellary sell-off. Ultratech Cement third quarter net dipped 26% and Grasim Industries consolidated Q3 net fell 14%, the shares may plunge in opening trades.
HDFC Bank will be in focus today account of December quarter results.
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