Stocks to watch on Thursday, February 8: Domestic equity markets are looking for a positive start ahead of the Reserve Bank of India’s monetary policy decision later on Thursday.
At 7:35 am, Gift Nifty futures rose 47 points at 22,051 levels.
Globally, Nikkei, Kospi, ASX200 and Shanghai Composite rose 0.5 percent to 0.8 percent in Asia.
China’s consumer price index for January fell 0.8 percent year on year, sharper than the 0.5 percent decline expected by economists polled by Reuters.
Overnight, the S&P 500 set another record, nearly surpassing the 5,000 mark. The index gained 0.82 percent to end at 4,995.06, but at session highs the S&P traded at 4,999.89.
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The Dow Jones Industrial Average also hit a new all-time high of 38,677.36 after rising 0.4 percent, while the Nasdaq Composite rose 0.95 percent.
Here’s a list of stocks to watch today:
Profits for the third quarter of 24 to 8 February: Grasim Industries, Life Insurance Corporation of India, Power Finance Corporation, Zomato, Biocon, Aarti Industries, Apollo Hospitals Enterprise, Aster DM Healthcare, Astrazeneca Pharma India, Balrampur Chini Mills, BEML, Concord Biotech, ESAF Small Finance Bank, Escorts Kubota, Hikal , Honeywell Automation, India Shelter Finance Corporation, ITD Cementation, JK Lakshmi Cement, NCC, Page Industries, Patanjali Foods, Rail Vikas Nigam, SKF India, Thermax, Torrent Power and Zydus Wellness.
Rate sensitive stocks: Stocks of banking and financial sector, auto sector, housing sector and real estate sector will be in focus as the Reserve Bank of India is set to announce the decision of the Monetary Policy Committee meeting on Thursday to make.
Adani Ports: Adani Ports and Special Economic Zone have won a bid to operate a container terminal in Tanzania’s main port of Dar es Salaam, giving the unit a foothold in East Africa.
Adani Ports will operate the larger of the two terminals, with a capacity to handle 660,000 twenty-foot equivalent containers.
Petronet LNG: Petronet LNG Ltd has entered into and executed a long-term LNG sales and purchase agreement with Qatar Energy for the purchase of approximately 7.5 MMTPA of long-term liquefied natural gas.
PLL is a joint venture between BPCL, Gail (India), ONGC and IOCL.
Ashoka Buildcon: The company received a Letter of Award worth Rs 520 crore from the National Highways Authority of India for a project in Bihar.
Zomato: The food delivery giant has announced the liquidation of its two of its retiring subsidiaries: Zomato Vietnam Company (effective February 2) and Lunchtime.cz (a retiring subsidiary of Zomato in the Czech Republic effective February 6).
Welspun Enterprises: It has emerged as the lowest bidder for the Brihanmumbai Municipal Corp.’s 2,000 million liter per day water treatment plant development. The project is worth Rs 4,128 crore.
Moreover, NTPC is looking to raise up to $750 million (about Rs 6,222 crore) in debt from foreign investors.
SJVN: State-owned SJVN Ltd has received a letter of intent from Gujarat Urja Vias Nigam Ltd to set up a 200 megawatt (MW) solar power project worth Rs 1,100 crore.
Result reactions: Tata Consumer Products, Power Grid, Star Cement, Manappuram Finance, Kalpatru Projects, Vadilal Industries, Veranda Learning, Shemaroo Entertainment, Religare Enterprises, Lupine, JK Paper, Cummins India, Gujarat Industries Power, Fortis Healthcare, Gujarat Narmada Valley Fertilizers, Ashoka Buildcon , Apollo Tapes, Sobha, TBZ.
First print: February 8, 2024 | 8:01 am IST