The stock market on Monday, February 22, closed in the red for the fifth consecutive session after falling by 2 percent. On the contrary, the market on Tuesday, February 23 is expected to give a positive start as the SGX Nifty was trading 38.00 points or 0.26 percent higher at 14,713.00 at 7:00 am. On February 22, the BSE Sensex declined 1,145.44 points or 2.25 percent to close at 49,744.32 whereas the NSE Nifty fell 306.05 points or 2.04 percent to settle the day at 14,675.70.
Top stocks to look for the day are:
Bharti Airtel: On or after February 23, the company will meet global fixed-income investors to decide on the issuance of foreign currency bonds/notes.
Vedanta: The whole-time director and Chief Financial Officer (CFO) of the company GR Arun Kumar resigned from his post.
APL Apollo: Commercial paper worth Rs 75 crore has been allotted by the company to ICICI Prudential Ultra Short Term Fund.
Reliance Industries: By the second quarter of the next fiscal the company expects to get the necessary approvals to hive off its oil to chemicals (O2C) business into a separate unit.
Urja Global: The company has approved the allotment of 5 crore partly paid-up rights equity shares at a price of Rs 5 per rights equity share.
Bharat Forge: An agreement has been signed by the company with Paramount Group for the production of protected vehicles in India.
Tata Communications: The acquisition of shares of the company by Panatone Finvest Ltd. has been approved by the Competition Commission of India (CCI).
Gammon Infrastructure Projects: 2 crore shares of the company have been bought by LGOF Global Opportunities at an average price of Rs 0.75 in a bulk deal on the Bombay Stock Exchange (BSE). Also, ICICI Bank has sold 1,90,10,226 shares of the company at the same average price.
Muthoot Capital Services: 2 lakh shares of the company have been bought by SAIF India VI FII Holdings at an average price of Rs 397.50 per share in a bulk deal on BSE.
Venus Remedies: Board members of the company will meet on February 23 to consider and approve the issuance of warrants.
Uniply Industries: To consider and approve quarterly results the board of the company will hold a meeting on February 23.