Domestic equities are likely to open on a flat note on Tuesday. Asian stocks rose in the early trade, though risk appetite remained subdued as earnings season continued. The dollar steadied and Treasuries were little changed. At 08:09 am, the Nifty futures of Singapore Stock Exchange (SGX) traded 0.50 points lower at 11,429.50
Here's a look at the top stocks that are likely to hog limelight in today's trading session -
VIP, Adani Green Energy: VIP Industries, Morepen Laboratories, Gujarat Ambuja Exports and Adani Green Energy are four stocks, which will be included in the additional surveillance framework (ASM) with effect from Tuesday, the BSE said in a circular on Monday. Securities moving out of the ASM framework from Tuesday are Lloyds Steel Industries, National Peroxide and Prakash Industries. There are 127 stocks under the ASM framework currently, the BSE circular said.
RCom: Billionaire Anil Ambani-controlled Reliance CommunicationsNSE 2.13 % has decided to buy back its overseas bonds in a bid to retire high cost debt. The debt-ridden company said it has offered to purchase back its offshore bonds worth of $300 million, which offered 6.5 per cent with 2020 maturity.
Adani Ports to report Q1 results today
Mahindra & Mahindra, PNB, Sobha, Adani Enterprises, Adani Transmission, Lovable Lingerie, eClerx and Edelweiss Financial Services are slated to release their quarterly earnings later in the day. Thomas Cook, Motherson Sumi, Alembic, SRF, Dhampur Sugar Mills and Birla Corporation will also report their quarterly results during the day.
Syndicate Bank: The state-run lender's loss widened to Rs 1,282 crore during first quarter ended June of the current fiscal as bad loans rose. Its loss in the corresponding April-June period of 2017-18 was at Rs 263.19 crore. Net NPAs too worsened to 6.64 per cent, from 6.27 per cent as on June 30, 2017 and 6.28 per cent by end March this year.
Sun Pharma: The pharma major has launched Kapspargo Sprinkle in the US. The drug is used in the treatment of chest pain, heart failure and high blood pressure.
ONGC: The company's board has approved selling its entire 49 per cent stake in helicopter service provider Pawan Hans alongside government's privatisation bid.
Kwality: The dairy products maker has delayed reporting its financial results for the quarter ended June 2018 citing technical snag.
Unichem Labs: Drug firm Unichem Laboratories today said the US health regulator has made four observations after inspection of its active pharmaceutical ingredient (API) manufacturing facility at Roha in Maharashtra.
MphasiS: The company's board will meet today to consider its quarterly financial results for the period ended June 2018. This apart, the board will also consider a buyback proposal.
Dredging Corporation: According to news reports, three Indian ports may acquire majority stake in the company.
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