Ten stocks in focus in Wednesday morning trade
NEW DELHI: Indian markets are expected to trade in a range on Wednesday following positive trend seen in other Asian markets. The key support for the index is around 6,689 levels.
Here is a list of ten stocks which are likely to be in focus in trade today:
BPCLBSE 0.47 %, HPCLBSE 0.61 % & IOC: The Oil Ministry has put on hold further diesel price increases, citing a reason that had not prevented it from hiking rates uninhibitedly about a year ago. The Cabinet had in January last year decided that diesel prices should be raised by 40-50 paise a litre every month until losses on the fuel are wiped out,
United Spirits Ltd: Leading bourse National Stock Exchange (NSE) has given its approval to Vijay Mallya-led United Spirits' proposal for transfer of a distillery in Tamil Nadu to Enrica Enterprises.
SpiceJet & Jet AirwaysBSE 1.29 % Ltd: Jet fuel or ATF price was today cut by 4 per cent and rates of non-subsidised cooking gas (LPG) by Rs 100 per cylinder, reflecting global trends.
Coal India Ltd: State-owned Coal India(CIL) has tweaked the provision of calculating the compensation and incentive under fuel supply agreements models for the non-power consumers like cement, iron and steel.
Reliance Power Ltd: Reliance PowerBSE 0.29 % said its 600 MW coal-based power plant at Butibori in Maharashtra is fully operational.
Axis Bank Ltd: The Reserve Bank of India (RBI) said that foreign institutional investors will not be allowed to buy additional shares in Axis Bank LtdBSE -1.10 % as the total holding by the investors had breached the overall limit of 49 percent of the lender's paid-up capital.
South Indian Bank: The Reserve Bank restricted purchase of shares in South Indian BankBSE 1.79 % by foreign investors as the prescribed limit reached the trigger level.RBI said the foreign shareholding through Foreign Institutional Investors, NRIs, PIO, Foreign Direct Investment, Global Depository Receipts has reached the trigger limit.
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