Sharemasterindia.com 9:14 a.m.: Avinnash Gorakssakar of Precision Investment Services says that Sterlite Technologies qualifies for buy from a long term perspective. Given the focus on Digital India it has a good scope for growth.
9:00 a.m.: Rupee opens lower at 63.64/dollar against Wednesday's close of 63.60.
8:55 a.m.: Avinnash Gorakssakar of Precision Investment Services says that market momentum will continue but one has to be cautious around 8,500-8,550 levels as the FII flows have not been high.
8:30 a.m.: Deutsche Bank has maintained its buy call on JSW Energy for target price of Rs 125 per share. Deutsche Bank expects strong free cash flows in the company and says that south India power demand weakness looks cyclical. It says that the valuations stand at 1.7 times its FY17 estimated price to book value.
8:20 a.m.: Below are the stocks which will be in focus today:
Strides Arcolab: Reserve Bank of India has removed Strides Arcolab from the FII restricted list. Strides was in FII ban list in since mid-2013. The FII holding limit was reduced to 32.4 per cent (as of 1st July-15) compared to 49 per cent before ban. FIIs can now buy shares from the open market.
HDFC Bank, M&M Finance and Sobha: These shares will go ex-dividend today.
Nestle: Reports suggest that Nestle India is preparing blueprint for a possible relaunch of Maggi and UK agency has said that Maggi noodles are safe to eat.
Religare: Private equity companies such as Apollo Global Management and Baring Asia are in talks to buy stake in Religare. Currently due diligence is being done.
ICICI Bank: ICICI Bank has cut interest rates on bulk deposits by up to 25 basis points.
Cox and Kings: Promoters of Cox and Kings have purchased 2.5 lakh shares on the company from open markets in last two trading sessions.
7:45 a.m.: The Indian markets are likely to take a breather in today's session after two days of gains on the back of mixed Asian cues and subdued trading of Nifty on the Singapore Stock Exchange.
The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.34 per cent at 8,424.
Meanwhile, other Asian markets were trading on a mixed note Nikkei was up 1.12 per cent. While, Hang Sneg, Shanghai Composite and Shenzen 300 indices were trading on a weak note.
Asian stocks were subdued on Thursday as Greece's refusal to back down in a standoff with its creditors kept most markets on edge, while the dollar got a boost from upbeat U.S. economic indicators.
On the Greek debt crisis front, a defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe.
Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Mr Tsipras abruptly switched back into combative mode in a television address.
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