The Indian market is set for a muted start on Wednesday amid rising crude prices and cautious sentiment in global markets. Asian shares traded little changed as investors remain cautious ahead of the US Federal Reserve meeting outcome latest in the day. Here are the top stocks to watch out for in today’s trade:
Jet Airways: Banks are likely to infuse fresh funds into cash-strapped Jet Airways provided major shareholders of the airline, including Gulf carrier Etihad Airways, pledge their shares as collateral, sources told PTI. The airline also grounded six more planes due to non-payment of lease rentals. In addition to its woes, the pilots are going on a silent protest and have said that they will not fly the planes from April 1, if the salaries are not paid.
State Bank of India: The country’s largest lender SBI on Tuesday signed a pact with the Bank of China to boost business opportunities.
Fortis Healthcare: Sebi on Tuesday directed Fortis Healthcare Ltd (FHL) and Fortis Hospitals Ltd (FHsL) to continue efforts to recover more than Rs 403 crore from Shivinder Mohan Singh and Malvinder Mohan Singh as well as seven other entities. In addition, the company approved the appointment of Ashutosh Raghuvanshi as the Managing Director.
DLF: Realty major DLF on Tuesday announced sale of 33 per cent stake in its upcoming commercial project in Gurugram to US-based Hines, in a deal size estimated at around Rs 650 crore.
Bharti Airtel, Bharti Infratel: Telecom operator Bharti Airtel has transferred additional 16.76 percent stake, worth Rs 10,000 crore, it holds in telecom tower arm Bharti Infratel to Nettle Infrastructure Investments Ltd in two tranches, according to a regulatory filing.
Tata Steel, Tata Steel BSL: Tata Steel BSL on Tuesday said its committee of directors has given approval for issuance of 11.09 percent shares to Tata Steel on a private placement basis.
IDBI Bank: Private sector IDBI Bank Tuesday said the bank would borrow up to Rs 4,000 crore in one or more tranches by issuing bonds in the next financial year.
IOC, ONGC: State-owned Indian Oil Corp (IOC) Tuesday declared a second interim dividend of Rs 1,412 crore for the current financial year and ONGC agreed to do so next week to help the government meet its tax revenue target.
Avennue Supermarts: The D-Mart parent company issued commercial paper of Rs 100 crore.
Cox & Kings: Cox & Kings-owned Meininger to open a hotel in Budapest, Hungary
Mindtree, L&T: The company’s board will meet today to consider the proposal of a share buyback to avert the hostile takeover by L&T. The promoters said the company will continue to oppose L&T take over attempt.