Tuesday, March 8, 2016

Indian Share Market Opening Reviews 08 March

The Sensex and Nifty are expected to open on a lower sign following subdued trading of Nifty futures on the Singapore Exchange. The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was fall 0.26% or 19 points at 7,491.

Meanwhile, other Asian markets were also trading with a downbeat predisposition. China's Shanghai Composite and Shanghai Shenzen indices fallen over 3% every and Hong Kong's Hang Seng and Japan's Nikkei also chop over 1% every.

Overnight, the Dow Jones industrial average and the S&P 500 index ended upper on Monday as a spike in energy shares offset sharp falls in large-cap technology names, which pulled down the Nasdaq.

STOCKS TO WATCH

Tata Motors and Bharat Forge would be in spotlight today after Tata Motors on Monday released a tri-partite partnership with Bharat Forge and US-based General Dynamics Land Systems (GDLS) to bid for India's Rs. 50,000-crore future infantry combat vehicle (FICV) project.

Tata Motors would lead the consortium with Bharat Forge as a partner while General Dynamics Land Systems (GDLS) would bring in its much-proven expertise in-combat vehicle platforms, the company said in a report.

Oil exploration shares such as ONGC and Cairn India are expected to firm following a rally in worldwide crude oil rates.

Coal India is expected to firm after the board approved payment of interim dividend of Rs 27.40/equity share for the monetary year 2015-16.

Mindtree is expected to stay muted after the company said that in dollar terms it is anticipated to report marginal (Q-o-Q) profits development for Q4 on an organic basis mainly due to delay in commencement of few projects in retail and consumer packaged goods and BFSI vertical.

Strides Shasun may firm gain after the company plans to acquire three brands of Moberg Pharma for US $10 million.

SBI in focus -Debt Recovery Tribunal (DRT) passes orders on SBI's plea seeking first right on Diageo's money, DRT order-Diageo cannot disburse money to Vijay Mallya temporarily -Diageo cannot disburse money to Vijay Mallya till March 28-Mallya cannot withdraw USD 75 million settlement received from Diageo till case disposed off-DRT to next hear the Vijay Mallya default case on March 28

Maruti Suzuki -Suzuki plans USD 1.8 billion bond sale to fund Gujarat factory,-February 2016: Produced 1.19 lakh units versus 1.21 lakh units YoY

P&G -Company to stop supply of Oral-B toothpaste: ET-Company to move away from low margin segment, stagnant market share (Posted Share Shoppe)

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