Mumbai: Market related news stories are crucial for making smart, informed investment decisions. Trading advice and brokerages for key stocks also hold the key to preparing for the trading day.
Here are developments that may determine market behaviour and sentiment during the day’s trading.
*Asian markets open mixed in trade.
*Dow posts 3-day slide. Dow dips ~20 points, Nasdaq and S&P 500 ended their trading day higher. Nasdaq added 0.5% while the S&P 500 advanced 0.1%.
*European stocks close lower. The pan-European Stoxx 600 was provisionally down 0.5%.
*Oil prices inch higher in morning trade. Brent up 1.01% at $64.81per barel, WTI up 1.45% to $58.67 per barrel. Oil rises more than 1% after US stockpile drop in overnight trade.
Stocks In News:
Interglobe Aviation: The aviation company’s promoter Rakesh Gangwal sought Sebi intervention, which tells the company to reply to owner's letter by July 19
SBI: The bank has cut MCLR by 5 bps to 8.40% across tenures wef July 10.
Manpasand Beverages: Manpasand Beverages’ statutory auditors Mehra Goel & company have resigned, due to developments including a probe by GST body.
HDFC/Indiabulls Housing Finance: Sources say, Vatika group has repaid Rs 500 Cr dues to HDFC, Indiabulls Housing Finance; repaying HDFC’s debt of over Rs 80 Cr.
BIOCON: FDA issued another form 483 to the company over its insulin facility, after USFDA issued another form 483 for its insulin facility.
Quess Corp: Quess Corp to consider preferential allotment of shares worth Rs 51 Cr on July 12.
VST Tillers: Power Tillers sales up 12.8% YoY at 3325 units vs 2948 units. Tractors sales down 16.4% at 728 units vs 871 units in June.
Himachal Futuristic Communications: The company bagged order worth Rs 187 Cr from BSNL, for setting up of the Optical Transmission Backbone Network for Armed forces.
BHEL/ CONCOR: The companies signed MoU to form Joint Working Group to establish rail-based logistics terminal at Haridwa.
Nava Bharat Ventures: CRISIL has reaffirmed credit ratings for bank loan facilities at ‘A’ with a stable outlook.
KRBL: ICRA downgraded rating on long term bank facilities from ‘AA’ (Stable) to ‘AA-’. ICRA placed it under “ratings under watch with negative implications”.
Autoline Industries: Govt. of Maharashtra has approved additional IPS claim for Autoline Industries of Rs 44.61 Cr.
NLC India: The company has commissioned 63 MW of the 100 MW solar power plant at Tamil Nadu wef July 7.
Mawana Sugar: Uttar Pradesh Co-operative Bank Ltd. has sanctioned soft loan of Rs 116.4 Cr to the company, to clear the outstanding dues of the farmers for the crushing season 2018-19.
Adani Ports: Adani Ports plan to consider raising up to $700 Mn via dollar bonds at its board meet on July 12.
Bharti Airtel: Airtel Africa listed on Nigerian stock exchange. Shares of Airtel Africa have been listed and admitted for trading on Nigerian Stock Exchange and LSE.
Goldman Sachs on Interglobe Aviation: Initiate at Buy, Target Price Rs 1830.
on Spicejet: Initiate at Buy, Target Rs 161.
Credit Suisse On TCS: Maintain Neutral , Target Price at Rs 2000 per share.
On L&T: Maintain Outperform, Target Price at Rs 1700 per share.
Goldman On TCSW: Maintain BUY, Target Price at Rs 2329 per share.
Morgan Stanley On TCS: Maintain Equal-Weight, Target Price at Rs 1980 per share.
UBS On TCS: Maintain Neutral, Target Price at Rs 2400 per share.
KOTAK On TCS: Maintain Reduce, Target Price at Rs 1940 per share.
CLSA On TCS: BUY, Target Price Rs 2,570.