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Following are the stocks that would be in action in today's trade.
Rate sensitive shares especially banks will be in focus ahead of the RBI policy. PSU banks could witness profit taking after gains in the previous sessions if the central bank maintains status-quo on key policy rates.
Hero MotoCorp is likely to firm up after the country’s largest two-wheeler player reported a 33 per cent surge in net profit to Rs 750 crore for the quarter against Rs 563 crore in the corresponding quarter last year on the back of higher-than-expected
margins.
Bharti Airtel and Britannia Induswill be in focus ahead of their first quarter earnings later today.
Tamil Nadu Newsprint & Papers is likely to firm up after the company reported a 97% growth in net profit during the quarter ended June 30, 2015 at Rs 51.64 crore as against Rs 26.23 crore.
Sundaram Finance will be in focus after the company said it is planning to sell its 49% stake in BNP Paribas Sundaram Global Securities Operations Private Limited. SFL's Board to meet later today to consider the proposal.
Nilkamal may gain amid robust first quarter earnings. Net profit for the quarter ended June 30, 2015 surged to Rs 25.3 crore compared with Rs 5.5 crore in the same quarter last fiscal.
Styrosolution ABS may gain after the company reported net profit of Rs 18 crore for the quarter ended June 30, 2015 compared to Rs 5.2 crore in the same quarter last fiscal.
Markets are likely to open flat with rate sensitive stocks led by banks in focus ahead of the RBI policy meet later today.
At 8:30AM, the early indicator SGX Nifty was trading flat at 8,560.
Meanwhile, foreign portfolio investors turned net buyers in equities to the tune of Rs 350 crore on Monday, as per provisional stock exchange data.
GLOBAL MARKETS
Asian markets were trading flat with shares in China trading with marginal gains. Japan's Nikkei was down 0.1%. Shanghai Composite was up 0.1% and Hang Seng eased nearly 0.6% while Straits Times was trading 0.3% lower.
US stocks extended losses on Monday on selling pressure in oil majors amid weakening crude oil prices. The Dow Jones ended down 0.5% while S&P 500 ended 0.3% lower and the tech-laden Nasdaq closed 0.4% lower.
