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Here are key stocks that are likely to sway the market today:
IDBI Bank: The bank has been taken out of PCA framework by the RBI. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.
JSW Steel: The company posted a marginal decline of 1 per cent in its crude steel output at 13.06 lakh tonnes (LT) in February this year.
Max Healthcare: The company has raised Rs 1,200 crore via qualified institutional process.
Quick Heal Technologies: The board has approved buyback of 63.26 lakh shares for up to Rs 1,550 crore at a price of Rs 245 per share.
In the overnight session, the S&P 500 and the Dow closed at all-time highs as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a $1.9 trillion stimulus bill into law reinforced expectations of a strong economic recovery. The Dow Jones Industrial Average rose 0.58%, the S&P 500 gained 1.04% and the Nasdaq Composite added 2.52%. Following a strong finish for US stocks, its Asian peers also climbed. Australia’s S&P/ASX 200 Index rose 0.8%, Japan’s Topix index advanced 0.2% and South Korea’s Kospi index added 1.3%. Indian markets too looked set top open on a firm footing, amid a firm global setup. The SGX Nifty was trading at 15,420 levels around 7.15 am against Wednesday close of 15,209.