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Updated on 29 June 2017
Stocks for todays trading
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The Market opening direction and stock picks for todays trading
The Indian stock market indices, Nifty and Sensex, are likely to open on a flat note on Thursday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global markets.
SGX Nifty was up 3 points, or 0.03 per cent, at 9,505 around 8 am (IST), indicating a soft start for NSE Nifty index.
Wall Street advanced on Wednesday, with the S&P 500 registering its biggest one-day percentage gain in around two months. The Dow Jones Industrial Average added 143.95 points, or 0.68 per cent, to 21,454.61, while the Nasdaq Composite gained 87.79 points, or 1.43 per cent, to 6,234.41.
UCO Bank: State run lender UCO Bank, which is planning to raise Rs 3,000 crore capital in the current fiscal, is hoping to turn profitable in the next financial year, an official said on Wednesday.
Mindtree: Mid-sized IT firm Mindtree on Wednesday said its Board has approved a buyback plan of Rs 270 crore. The company will buy back up to 43.2 lakh shares, comprising 2.5 per cent of the total paid up equity share capital at a price of up to Rs 625 per equity share, the company said in a regulatory filing.
Fortis Healthcare: Fortis Healthcare on Wednesday said its shareholders have approved increasing shareholding limit for foreign institutional investors to up to 74 per cent from 24 per cent at present.
SpiceJet: With the arrival of the monsoon season, major domestic airlines have announced special fares starting as low as Rs 699. Budget passenger carrier SpiceJet on Wednesday announced a “Mega Monsoon Sale” with one-way all inclusive fares starting at Rs 699.