Stock markets have opened the on Thursday on a flattish note against the previous day’s closing. At 10.40 am, the BSE Sensex is trading up by 18.70 points at 33,580.25 while the NSE Nifty is trading up by 9.75 points at 10,352.05. The stocks of Bharti Airtel, Lupin and Sun Pharma rose, while the stocks of Asian Paints and Dr. Reddy’s fell in the morning hours.
Stock watch out during trade on Thursday, based on recent & latest news developments:-
Coal stocks will be in focus as the Supreme Court on Wednesday refused to modify the Centre’s notification banning the use of furnace oil & pet coke in UP, Rajasthan and Haryana and asked the NTPC to approach the govt.
Thomas Cook India Ltd, the Tour operator company, has got board approval to divest a 5.42% stake in its subsidiary Quess Corp, which would bring down its shareholding to 51.56% and propose to raise over RS 600 crore through OFS route.
Tata Teleservices Limited has started shifting its customers to the network of Bharti Airtel Ltd under an intra-circle roaming agreement. The first set of customers being moved to Airtel’s network is from U.P (West), Bihar and West Bengal.
Inter Globe Aviation: IndiGo, is keenly consider alternate plans to induct at least 50 wide-bodied planes for overseas flights.
FMCG major Godrej Consumer Products Ltd has trimmed prices of its various products in the range of 7 to 10 percent to pass on benefits of the recent GST rate reduction.