Markets are likely to open lower, as global markets fell in the last two trading sessions and Indian markets did not reflect that fall, due to the fact that they were closed for Independence Day.
The SGX Nifty was indicating a cut of atleast 100 points in trade. Asian markets are trading mixed, following a slightly higher close across the US. Here are some stocks to watch for in trade today. It's likely to be a volatile session though.
IndiaBulls Housing shares are expected to open lower following a downgrade in its ratings by Moodys'. Remember, this stock had rallied almost 30 per cent, since hitting a 52-week low. It's an extremely volatile stock and investors need to be careful before taking a position.
Yes Bank, which ended higher on Wednesday, may also be active, after the bank said that it completed its QIP at a price of 83.55.
HEG, the electro-graphite maker may also see a reaction in its share price. The company's net profits fell 68 per cent to Rs 244 crores. The shares have fallen a great deal from its 52-week high and one would have to see how they react today.
Shares in Omaxe may rally, as the net profit at the company jumped 72.3 percent to Rs 14.9 crore. The shares last closed at Rs 196.40 on the NSE.
Jain Irrigation Systems
Jain Irrigation will also be volatile, as its saw consolidated net profit fall to Rs 22.08 crore in the quarter ending June 30, 2019 versus Rs 81.75 crore.
Sintex Plastics Technology
Sintex Plastic technology reported a loss of Rs 642.79 crore against profit at Rs 37.57 crore. The revenue at the company too fell sharply. Sintex Plastics Technology shares closed at Rs 3.99.
Central Bank Of India
The government owned bank has cut its MCLR by 20 bps across tenures effective August 15. The shares of Central bank last closed at Rs 18.90 on the NSE.