Domestic equity markets are likely to open in green on Wednesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm Asian cues.SGX Nifty was trading 26.50 points, or 0.29 per cent, up at 9,140 around 8 am (IST), indicating a positive start for NSE Nifty index.Foreign portfolio investors (FPIs) bought shares worth a net Rs 6415.38 crore on Tuesday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 356.23 crore.Asian equity indices were mostly trading higher in morning trade on Wednesday while the dollar and commodities rallied as investors shook off disappointment about US President Donald Trump's failed healthcare bill and focussed on an improving outlook for global growth.Hang Seng and Nikkei were up by 0.18 per cent and 0.09 per cent, respectively, in morning trade.Here is a list of twelve stocks that are likely to be in focus today:The Enforcement Directorate (ED) has attached assets worth Rs 263 crore, including land and bank accounts of the Hyderabad-based Deccan Chronicle group, in connection with a money laundering case related to a bank fraud. NITI Aayog is preparing a fresh cabinet note recommending closure of 7 more sick CPSEs as part of an excercise to tackle mounting losses incurred by these entities. to Alphagrep Securities, a fellow subsidiary with effect from 28 March 2017. The announcement was made after market hours Tuesday.The company on Tuesday informed bourses that it has secured Letter of Intent (LoI) from Indra Sagar Project for supply and laying of pipe line on right bank of Upperveda project on turnkey basis for amounting Rs 13.50 crore.Wadia Group, one of India’s oldest business conglomerates, has agreed to acquire a 25 per cent stake held by Belgium’s Solvay Chemicals in National Peroxide in a deal that will mark the end of a 45-year-old partnership with the Brussels headquartered firm, multiple sources with direct knowledge of the transaction told ET.
Source: Economic Times March 29, 2017 02:42 UTC