Indian markets are likely to track global cues amid easing crude prices, with several stock-specific developments expected to drive action today. Brent crude has continued its decline for a second consecutive session, which could keep fertilisers, aviation and oil marketing companies (OMCs) in focus.
Here are the key stocks to watch today:
Fertilisers, aviation, OMCs: Brent crude falling for the second day may support companies in these sectors due to easing input costs.
United Spirits: The company has sold IPL franchise RCB for ₹16,700 crore to a consortium led by the Aditya Birla Group and Times Internet.
Sun TV, RPSC Venture: Positive developments related to IPL franchise deals involving Rajasthan Royals and RCB may keep these stocks in focus.
Samman Capital: RBI approval for IHC acquiring stake is likely to be tracked.
CGDS, pipe companies: The government has notified an order to strengthen natural gas infrastructure, which may benefit city gas distribution and pipe companies.
Natco Pharma: Approval has been granted for the demerger of its agrochemical business.
Apeejay Surrendra Park Hotels: Promoter buying activity is likely to support sentiment.
NTPC Green: The company has signed an MoU with Nxtra Data for development of renewable energy projects.
Waaree Energies: The company has approved a capex plan of ₹3,900 crore.
BPCL: Its joint venture has received a hydrogen project order.
Adani Enterprises: The company’s arm has completed acquisition of the balance stake in IANS India for ₹4.7 crore.
Sanathan Textiles: The company will acquire a 26% stake in its arm, Serentica Renewables India 33, for ₹48 crore.
RBL Bank: The company reported withdrawal of a ₹92 crore tax demand by the Mumbai tax authority.
HDFC Life: The company has received a tax demand of ₹172 crore, including penalty, from Mumbai tax authorities.
VMS TMT: Shares may be in focus due to share lock-in expiry.
New India Assurance, HDFC Life, CRISIL, ICICI Prudential Life: These companies are in focus following tax demand-related developments.
Overall, stock-specific triggers and movement in crude oil prices are expected to guide market action today.