Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Monday's trading session based on latest developments. Investors are also awaiting March quarter earnings that are scheduled to be released today. Companies set to announce their earnings are Petronet LNG, MRF, Bharat Electronics, GMR Infra, Central Bank of India, Fortis Healthcare, SJVN, AstraZeneca Pharma and CESC among others.
Key highlights on share market; check the latest stock market news
-Sensex gained 329.17 points or 0.94 per cent to 35,171, Nifty surged 94.10 points or 0.90 per cent to end at 10,383.
-On the currency front, the rupee pared initial gains and settled on a flat note at 75.65 against the US dollar.
-On a net basis, FIIs sold off Rs 753 crore, while DIIs bought Rs 1,304 crore worth in equities today.
HDFC Bank: The lender plans to raise Rs 10,000 - 13,000 crore through share sale in India and issuance of American Depository Receipts (ADRs) in the third quarter of 2020-21.
Piramal Enterprises: Company said US-based global investment firm Carlyle Group Inc will buy 20% stake in its subsidiary- Piramal Pharma for around $490 million (over Rs 3,700 crore)
Bajaj Auto: The auto major has informed on Friday that more than 200 of its employees have tested positive and four have died to Covid-19 at its Waluj plant in Aurangabad.
Axis Bank: Lender said S&P Global Ratings on Friday lowered banks' ratings due to increased economic risks for banks operating in India.
IndiGo, SpiceJet: As per news reports, Indian government has permitted airlines to increase their number of domestic passenger flights to 45%
Phoenix Mills: Company board plans to consider fund-raising on June 29.
Adani Transmission: Company has signed an agreement with the Maharashtra State Electricity Transmission Company for execution of the Kharghar Vikhroli transmission project.
Vadilal Industries: Company informed the exchanges that Anil Patil and Yogesh Bhatt, interim chief executive officers have tendered their resignations.
IDBI Bank: lender on Saturday said it will sell part of its stake (21%) in IDBI Federal Life Insurance to Belgian multinational insurance company Ageas Insurance and Federal Bank.
Earnings Today: Petronet LNG, MRF, Bharat Electronics, GMR Infra, Central Bank of India, Fortis Healthcare, SJVN, AstraZeneca Pharma and CESC among others will report Q4 results today.