Gold Silver Reports – Stocks To Watch: Fortis Healthcare, HCL Infosystems, PNB, Reliance Power — Asian stocks started March on a weak footing after U.S. shares tumbled in afternoon trading Wednesday. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.8 percent to 10,437 as of 7:10 a.m.
Indian equity benchmarks ended lower for the second day, and closed February with the biggest monthly decline in two years. The S&P BSE Sensex Index closed 0.6 percent lower at 34,150.12. The benchmark fell nearly 5 percent this month, the biggest monthly decline since February 2016.
Here Are The Stocks To Watch Out For In Thursday’s Trade
- Auto companies will report February sales numbers.
- Fortis Healthcare : Auditor raises three red flags. Lenders invoked more shares; founders’ stake reduced to 0.7 percent from 3 percent.
- CBI Arrests PNB’s Internal Chief Auditor as part of its probe into the Nirav Modi fraud
- Reliance Power approved raising of up to Rs 2,000 crore via QIP to cut debt.
- HCL Infosystems arm to sell HCL MEA FZE share to Axis Investment for 4.12 million UAE dirhams.
- SH Kelkar says fragrance industry will pass on the increased impact of volatile raw material prices to customers.
- Idea Cellular will launch VoLTE services in select markets starting March 1.
- NR Agarwal Industries mulls setting up a new 500 TD Kraft paper unit.
- MOIL increases prices of products from March 1.
- Dynamatic Technologies board approved plan for demerger of auto division.
- Xpro India to sell/transfer Pithampur unit to JKM Ventures for Rs 14 crore.