Stocks To Watch: HCL Tech, Axis Bank, Indian Oil
The domestic stock markets are likely to open in the green, post the 1 per cent decline in the previous session, going by positive global cues. The Asian markets are poised to open firm and trends on SGX Nifty indicate a gap-up opening for the index in India, with a 114-points gain. At 7:30 am, the SGX Nifty futures were trading at 14,860, higher by 114 points or 0.95 per cent, on the Singapore Stock Exchange.
On March 31, the BSE Sensex fell 627.43 points or 1.25 per cent to 49,509.15 and the NSE Nifty declined 154.40 points or 1.04 per cent to 14,690.70.
Stocks to watch in trade in today's session
HCL Technologies (HCL)
HCL Technologies (HCL) has announced an agreement with Tenneco Inc, a leading Fortune 500 global tier-1 automotive supplier and manufacturer, for a multi-year, integrated application development, modernization, and operations services contract. HCL will help Tenneco enhance their IT simplification, modernization and transformation.
Axis Bank
Axis Bank has entered into a share purchase agreement for the sale of 100 per cent stake in its subsidiary, Axis Bank UK to OpenPayd Holdings. The transaction is subject to approval by the UK Financial Regulator, the Prudential Regulation Authority (PRA), Axis Bank said in a regulatory filing to the stock exchanges.
Indian Oil Corporation
Indian Oil Corporation has cut the domestic LPG prices by Rs 10 to Rs 809 per cylinder in Delhi.
Piramal Enterprises
Pharma Limited, a subsidiary of Piramal Enterprises, has entered into an agreement to acquire 100 per cent stake in Hemmo Pharmaceuticals Private Limited for an upfront cash consideration of Rs 775 crore.
