NEW DELHI: Domestic equity markets are likely to see a positive start on Monday, tracking strong factory output numbers and global cues.
Nifty futures on the Singapore Stock Exchange were trading 43 points, or 0.40 per cent, higher at 10,729.50, indicating a positive start for the Nifty50 in India.
Here is a list of top stocks that are likely to be in focus in today's trading session:
HDFC: India's largest mortgage lender has bagged a Rs 11,104 crore investment from marquee investors – like private equity giant GIC Singapore, KKR, Canadian pension plan Ontario Municipal Employees Retirement System, Carmignac Group and Premji Invest. This would lead to a stake dilution of 3.87 per cent.
Infosys: India's second-largest IT player reported a 37.6 per cent sequential growth in net profit at Rs 5,129 crore for the December quarter. The software giant had reported Rs 3,726 crore profit for September quarter. The IT firm has kept its FY18 revenue guidance unchanged. One of the company's three presidents, Rajesh Murthy, meanwhile, exited the company, the first since Salil Parekh took over as CEO.
Polaris Consulting: The board of acquirer, Virtusa Consultancy Services, has announced its indicative price for its delisting at Rs 370 per share.
IDFC Bank, First Capital: IDFC Bank, which scrapped a deal to merge with Shriram City Union, announced its merger with the Mumbai-based Capital First, which has more than 5 million customers in retail and small and medium enterprises. Shareholders in Capital First will receive 139 shares of the bank for every 10 shares held, the lender said in a stock exchange filing.
Delta Corp, Federal bank:Federal Bank, Delta Corp, Zee Learn and Gallant Ispat are among firms which will announce their quarterly earnings later in the day. Besides, India Grid Trust will announce its third quarter numbers. No Nifty50 constituent is scheduled to report earnings during the day.
Narayana Hrudayalaya: The company announced that 71.4 per cent stake in Health City Cayman Islands has been bought back, making it a 100% step down subsidiary of Narayana Hrudayalaya.
Religare Enterprises: The company entered into a supplemental agreement, extending its April 2017 share purchase agreement with True North, for divesting its entire stake in Religare Health Insurance Company. The expected value of the company has been revised upwards to Rs 1,350 crore.
BHEL: Bharat Heavy Electricals has successfully commissioned a 250 MW thermal power unit in Bihar. The unit has been commissioned at Barauni Extension thermal power project of Bihar State Power Generation Company.
GAIL: The state-run company announced that the board of directors of the company at its meeting held on Friday recommended an interim dividend of Rs 7.65 per equity share, subject to the approval of the shareholders.