Sensex pares losses after taking over 150-pt hit after RBI policy: 10 stocks in focus
The S&P BSE Sensex slipped over 150 points after the RBI maintained a status quo in its policy meet today.
The index however recovered losses, but was still trading in red.
At 11:14 am, the Sensex was at 28,491.82; down 67.80 points.
The Nifty was at 8,533.05; down 22.85 points.
Here is a list of ten stocks which are in focus today:
Rate sensitive stocks will be in focus: Most analysts expect the central bank to maintain status-quo on key policy rates on Tuesday. According to an ET Now poll, almost 80 per cent of respondents expect RBI to hold key policy rates on Tuesday, while only 20 per cent of bankers expect a repo rate cut of 25 bps.
At 10:10 a.m.; Bajaj Auto was trading 1.1 per cent lower at Rs 2607.
ONGC: State-owned Oil and Natural Gas Corp (ONGC) is targeting mid-2018 for start of natural gas production from its Krishna Godavari basin KG-D5 block, Oil Minister Dharmendra Pradhan said today.
At 10:10 a.m.; the stock was trading 0.7 per cent higher at Rs 367.35.
M&M Ltd: Auto major Mahindra & Mahindra today reported 13 per cent decline in total sales at 34,292 units in November. It had sold 39,254 units in the same month last year, the company said in a statement.
At 10:10 a.m.; the stock was trading 1.3 per cent lower at Rs 1278.
SAIL: State-run steel producer SAIL is preparing a feasibility report for setting up an integrated plant in Telangana. By the next fiscal, SAIL's Rs 70,000 crore modernisation and expansion programme would be over raising its capacity to 24 MTPA.
At 10:10 a.m.; the stock was trading 1.4 per cent lower at Rs 86.50.
Ashok Leyland Ltd: Hinduja Group flagship company Ashok Leyland reported a 44 per cent jump in total sales at 7,732 units for November, 2014, as against 5,375 units in the same month last year. At 10:10 a.m.; the stock was trading 1.5 per cent lower at Rs 52.85.
Sun Pharma & Ranbaxy: The government has approved Sun Pharmaceuticals' acquisition of Ranbaxy Laboratories while the foreign investment promotion board (FIPB) has sent HDFC Bank's proposal for the further approval of the cabinet committee on economic affairs (CCEA).
At 10:10 a.m.; Sun Pharma was trading 0.3 per cent higher at Rs 837 and Ranbaxy was up 0.8 per cent to Rs 622.30.
Tata Motors Ltd: The automaker today reported 2 percent increase in total sales at 41,720 units in November, as against 40,863 units in the same month last year. Domestic sales of Tata commercial and passenger vehicles remained flat at 37,427 units as compared to year-ago period, Tata Motors said in a statement.
At 10:10 a.m.; the stock was trading 0.9 per cent lower at Rs 531.20.
IRB Infrastructure Developers Ltd: The infratsructure major announced that Pathankot Amritsar BOT Project implemented by wholly-owned SPV of the Company viz. IRB Pathankot Amritsar Toll Road (SPV), has been issued a Provisional Certificate by the Competent Authority effective 27 November 2014.
At 10:10 a.m.; the stock was trading 1.2 per cent higher at Rs 273.
Financial Technologies Ltd: Electricity watchdog CERC has given Financial Technologies time till January 4 to comply with its directive to complete sale of its entire stake in Indian Energy Exchange, said media reports.
At 10:10 a.m.; the stock was trading 0.1 per cent lower at Rs 183.95.