Stocks to watch: L&T, DLF, Axis Bank, ONGC in focus

Here are few stocks you need to keep a tab on for today

ASIAN MARKETS:

Asian shares wobbled on Monday after dismal Chinese trade data eclipsed a strong U.S. jobs report, raising concerns about a deepening slowdown in the world's second-largest economy and sending the Australian dollar sliding.

Japan's Nikkei share average bucked the trend and rose 0.7 percent on the back of a weaker yen.

Data published on Sunday showed China's trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected. The data highlighted deepening weakness in the Chinese economy.

STOCKS TO WATCH:

Private sector lender Axis Bank on Saturday said it will seek shareholders' approval for raising up to Rs 15,000 crore by issuing long-term bonds or non-convertible debentures to select investors in the domestic market.

 

Government will soon infuse Rs 6,990 crore in nine public sector banks including SBI, Bank of Baroda, Punjab National Bank for enhancing their capital and meeting global risk norms. 

Prominent companies including Larsen & Tubro (L&T) and DLF will post their quarterly resukts later during the day.

Metal stocks are likely to remain in focus after the surging trend of coal imports in recent times snapped in January as shipments fell by 20% over the previous month due to lower demand from domestic steel makers, as per mjunction data.

The fair trade regulator CCI approved JSW Energy's proposed Rs 9,700 crore acquisition of two hydro-electric projects from Jaiprakash Power Ventures. 

Fertiliser subsidy for FY16 is expected to increase to about Rs 71,000 crore from around Rs 65,000 crore in FY15, says a report by India Ratings & Research (Ind-Ra).

Ind-Ra expects subsidy bills to increase to around Rs 71,000 crore (at a gas price of about USD 6.0/mmbtu) for FY16 from around Rs 65,000 crore in FY15.

Parsvnath Developers will cut net debt by up to Rs 400 crore and invest the rest on ongoing projects after receiving Rs 572 crore from Chandigarh Housing Board in a settlement of dispute over a realty project.

The disinvestment of 5% stake in state-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales.

Homegrown FMCG firm Marico is revamping its strategy for youth category products such as hair care items and deodorants, targetiing 20% growth from the segment.

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