Stocks to watch out for on Thursday
ndian equity markets are likely to open with marginal losses on Thursday tracking muted cues from Asian markets.
Following are the important stocks to watch out for on Thursday’s trading session:
Parag Milk: FPI investment limit in Parag Milk Foods raised to 40% from 24% earlier.
State Bank of India: Rajnish Kumar named as the SBI chairman for next 3 years.
Reliance Communications: The company has withdrawn its plan to demerge tower assets, reported a leading news agency.
NMDC: The company has set lump ore price at Rs 2,300/tonne and fines price at Rs 2,060/tonne from October 5.
Future Retail: The company is set to buy Shoppers Stop’s Hypercity for Rs 700 crore, reported a leading news agency.
ONGC: The company has completed acquiring 30% participating interest in Namibia offshore blocks.
Major benchmark indices, Nifty and Sensex closed higher for the fourth consecutive trading session on Wednesday. Nifty ended at 9,914.9 level, up by 55 points, while Sensex closed at 31,671 level, up by 174 points. There were 998 advances, 631 declines and 335 unchanged stocks on NSE. India VIX ended lower by 6.3% at 11.67 level.