Amidst positive cues from the global market, the Indian stock market is likely to open higher. At 7:49 am, the SGX Nifty was trading up 0.98%, indicating a green start for Nifty50.
The US stocks also ended in the green on Wednesday on the back of further stimulus hopes. The Dow Jones Industrial Average closed 1.20% higher; whereas the S&P 500 was down 28 points on Wednesday.
These are the stocks to watch out for during the trading session on October 1:
Reliance Industries (RIL)
Mukesh Ambani’s owned Reliance Retail Ventures Limited has
raised ₹1,875 crore from Silver Lake co-investors.
The shares of RIL ended 0.49% lower yesterday
Oil and Natural Gas Corp, GAIL India, Oil India and other natural gas stocks
The stocks of natural gas companies will be in focus today as the Indian government slashed the rate by 25% to $1.79 for the period of October 2020 to March 2021. This is the price at which most of the natural gas produced in India is sold.
The shares of Oil and Natural Gas Corp and GAIL Limited ended 2% lower yesterday, whereas Oil India was up nearly 2%. Also watch out for IGL, MGL and Gujarat Gas.
Inox Leisure and PVR Limited
As part of the unlock 5.0 guidelines, the Ministry of Home Affairs (MHA) has allowed reopening of cinema halls from October 15. The stock of Inox Leisure and PVR Limited will be in focus today during the trade.
The shares of Inox Leisure and PVR LImited ended 2% higher yesterday.
Lupin
The drug major Lupin launched Lapatinib tablets, used in the treatment of advanced or metastatic breast cancer, in the US market. The company has launched Lapatinib tablets in the strength of 250 mg after its alliance partner Natco Pharma received final approval for its abbreviated new drug application (ANDA) from the United States Food and Drug Administration (USFDA), it said in a statement.
The shares of Lupin ended 0.8% higher yesterday.
Sanofi India
Sanofi India on Wednesday launched a booster vaccine for preschoolers to protect against four major diseases - diphtheria, pertussis, tetanus and polio. “Booster vaccines are designed to boost the immunity acquired during prior vaccination,” the company said.
The shares of Sanofi India ended 1.4% higher yesterday.
Dhanlaxmi Bank
Shareholders of Dhanlaxmi Bank ousted chief Sunil Gurbaxani, little over seven months after he assumed charge of the lender. This came a day after the Reserve Bank of India appointed its General Manager D K Kashyap on the board of the bank for two years.
The shares of Dhanlaxmi Bank ended 1% lower yesterday.
Punjab National Bank The state-run public sector bank Punjab National Bank (PNB) declared its ₹1,203.26 crore exposure to Sintex Industries as a fraud.
The shares of Punjab National Bank ended 2% lower yesterday.
HDFC Limited The National Housing Bank imposed a monetary penalty of ₹1.5 lakh on HDFC Limited for non-compliance of the housing finance companies directions.
The shares of HDFC Limited ended 1.16% higher yesterday.
Bank of Baroda
The state-run Bank of Baroda has dissolved its wholly-owned arm BOB (UK) in the United Kingdom with effect from September 22.
The shares of Bank of Baroda ended 0.85% lower yesterday.
Auto stocks in focus today
Watch out for the likes of Maruti, Tata Motors and other listed auto stocks as they report their monthly sales for September. The
estimates from brokerages showed that passenger vehicles and farm equipment would report strong growth. However, the situation for the commercial vehicle segment will continue to remain grim.
Mazagon Dock, Likhitha Infrastructure and UTI AMC
The IPO subscription for Mazagon Dock, Likhitha Infrastructure and UTI AMC will close today.
CAMS, Chemcon
CAMS and
Chemcon shares are slated to hit the bourses today. The grey market premium for the companies suggests a bumper listing ahead.
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