Here are the top stocks to track in today s session:
Earnings Today: Havells India, Zee Entertainment Enterprises, HPCL and Torrent Power are among 32 firms slated to post ther quarterly numbers today.
Fertiliser stocks: Shares of fertiliser companies will be in focus today after the central government announced an increase in the subsidy for di-ammonium phosphate fertiliser to Rs 1,200 per bag from Rs 500 per bag. Price of fertilisers is increasing amid higher prices of raw inputs like phosphoric acid and ammonia, among others.
Axis Bank: The Rs 4,000-crore share sale in Axis Bank was subscribed more than two times on Wednesday. The 52.27-million-share offer for sale (OFS) saw bids for nearly 135 million shares from non-retail investors. The OFS would open for retail investors today.
Shares of Repco Home Finance and PNB Housing Finance rallied by up to 18 per cent, hitting their respective 52-week highs on the BSE in intra-day trade on Thursday, in an otherwise weak market, amid heavy volumes.
LIC Housing Finance, GIC Housing Finance and Can Fin Homes were among other housing finance companies (HFCs) that too hit their respective 52-week highs in intra-day trade today as they gained between 4 per cent and 5 per cent. In comparison, the S&P BSE Sensex was down 0.61 per cent at 51,387 points around 01:15 pm.
The Reserve Bank of India (RBI) on Wednesday came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs.