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Here are a few stocks that are likely to be in focus today:
City Union Bank is set to be in focus on reportedly receiving the first batch of repayment of Rs 100 crore from low-cost air carrier SpiceJet.
SBI is likely to be in focus after Morgan Stanley slashed SBI's target price to Rs 220 from Rs 250 and maintained Underperform rating post the bank's Q4 results.
Tata Power & Lupin will move out of the stock market benchmark index Sensex and will be replaced by Lupin.
According to reports, Amtek Auto, one of India's largest integrated component manufacturers, is set to acquire REGE Holding GmBH, a German auto component firm for an undisclosed amount.
The state-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) will enter the fuel retailing business in the current fiscal with plans to open 100 petrol pumps in the first phase, reports quoted the chairman Dinesh K Sarraf as saying.
The state-owned NBCC has approved the sale of 10% stake through public offer that will help the company raise over Rs 900 crore to fund business expansion, according to news reports.
ITC has reported a 3.65% rise in standalone net profit at Rs 2,361.18 crore for the fourth quarter ended March 31, 2015.
Allcargo Logistics has reported a more-than-four times rise in consolidated quarterly net profit.
MARKET COMMENTARY
The markets are likely to have a flat start on Monday in line with the muted trend across other Asian markets.
The markets had ended at 5-week closing highs on Friday. The Sensex had gained 633 points or 2.31% to settle at 27,957 and the Nifty had added 196 points or 2.37% to settle at 8,458 last week.
GLOBAL MARKETS
Wall Street had closed marginally lower on Friday.
The Asian shares HAVE got off to a lacklustre start this morning, after rising inflation and a hawkish tone from the US Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates.
Activity was likely to be thin this session, as UK and US markets are shut on Monday for the Spring Bank Holiday and Memorial Day respectively. European centres such as Germany will be observing the Whit Monday holiday.
Japan's Nikkei stock index added 0.3%, getting a tailwind from a weaker yen and trade data released before market open showed a better-than-expected rise in April exports. Straits Times, Taiwan and Singapore indices are marginally high in early trades. The Shanghai market, however, is going strong to register gains of more thasn 2%.
On the results front, Canara Bank, Central Bank of India, Dishman Pharma, Hathway, eClerx and TCI are likely to declare their Q4 numbers during the day.
