homemarket Newsstocks NewsTop stocks to watch out for on December 4: Sun Pharma, Eicher Motors, Bharti Airtel, Axis Bank
Top stocks to watch out for on December 4: Sun Pharma, Eicher Motors, Bharti Airtel, Axis Bank
At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.28 percent at 10,907.50, indicating a weak opening for the Indian market.
The Indian market is set for a weak start on Tuesday, tracking its Asian peers as investors remain doubtful of the US-China trade war getting resolved before the 90-day deadline.
Investor sentiment remained mixed in India as the fifth Reserve Bank of India (RBI) Monetary Policy Committee meeting will start on Tuesday. According to a poll conducted by CNBC-TV18, the RBI will keep its repo rate unchanged at 6.50 percent in the upcoming policy.
At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.28 percent at 10,907.50, indicating a weak opening for the Indian market.
Here are the top stocks to watch out for in today's trade:
Sun Pharma: The company on Monday assured investors the highest levels of corporate governance and said the company will make changes in business transactions to increase transparency.
Eicher Motors: Royal Enfield, the two-wheeler division of Eicher Motors, on Monday reported a six percent drop in sales to 65,744 units in November.
Jet Airways: In an attempt to cut costs and boost revenues, the full-service carrier will stop providing free meals to most domestic economy class passengers from January.
IL&FS: Debt-laden Infrastructure Leasing and Finance Company (IL&FS) on Monday said it has appointed N Sivaraman as group chief operating officer (COO).
HUL, GSK Consumer Healthcare: The board of Hindustan Unilever Limited on Monday approved a scheme of amalgamation between the company and GlaxoSmithKline Consumer Healthcare Limited (GSK CH India), a statement by HUL said.
ICICI Securities: To help retail investors tide over their liquidity requirements, brokerage ICICI Securities on Monday said money for share sales of up to Rs 50,000 per day will be deposited within 30 minutes.
Axis Bank: The bank, in an exchange notice, clarified reports that an internal inquiry regarding the income tax probe on the staff for facilitating benami deals for jewellers was already done and the complaint was received by the bank in March 2018.
India Cements: The company, in an exchange filing, said the 51 percent acquisition process of Springway Mining has been completed and that the acquired company will become a unit of the firm.
NCC: The company, in an exchange filing, said it received two new orders totalling to Rs 220.2 crore in November.
Bharti Airtel, Vodafone Idea: The telco is examining a fibre joint venture with the newly merged company Vodafone Idea, The Economic Times reported.
(With inputs from agencies)
First Published: Dec 4, 2018 7:36 AM IST
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