Markets in the US ended largely lower on the first trading session of the week as markets were shut on Monday. The Nasdaq ended lower by 1%, while Dow Jones fell 66 points in trade. Back home, after remaining in the red for most of the session, both Sensex and Nifty staged a sharp late recovery and Nifty ended after hitting a fresh record high of 22,215.
Top stocks to watch today are Hindalco, Zee Entertainment, Union Bank of India, Swan Energy, Devyani International.
Hindalco: Shares of Hindalco will be in focus today after its US subsidiary Novelis filed for an initial public offering (IPO) with the Securities and Exchange Commission. The shares are expected to be offered by Novelis’ sole shareholder AV Minerals (Netherlands), a wholly-owned subsidiary of Hindalco.
Zee Entertainment: Shares of Zee Entertainment will be in focus today after the company clarified that there are no talks with sony to revive the $10 billion merger.
Union Bank of India: Union Bank of India has approved its qualified institutional placement (QIP) on Tuesday to raise up to Rs 3,000 crore. The floor price for the QIP is set at Rs 142.78 per share, according to the filing with the exchanges.
Swan Energy: Shares of Swan Energy will be in focus today as the company has said that the board has approved the launch of qualified institutions placement (QIP) on February 20. The floor price has been fixed at Rs 703.29 per share.
Devyani International: Devyani International shares will be in focus as Yum Restaurant India is expected to offload a 4.4% stake at Rs 153.5 per share via block deal today, reported CNBC-TV18 quoting sources. The total size of the block deal is nearly Rs 815 crore.
