Wednesday, June 24, 2015

Live: Nifty May Edge Higher; PNB to be in Focus

Sharemasterindia.com 8:35 a.m.: Asia shares were trying to score a sixth session of gains on Wednesday as investors chose to be optimistic on the chances of a Greek debt deal, while the dollar held firm as the prospect of U.S. rate rises came back into view.

Japan's Nikkei led the way as a rise of 0.5 per cent cleared a peak from 2000 to reach ground last trod in late 1996.

8:20 a.m.: Below are the stocks which will be in focus today:

Punjab National Bank: Punjab National Bank will be in focus today as the bank has cut interest rates on fixed deposits by upto 25 basis points.

Asian Paints, Canfin Homes: Both the companies will go ex-dividend today.

Lanco Infra: Lanco Infra has approved allotment of shares to ICICI Bank, The company has allocated 2.17 crore shares to ICICI Bank at Rs 6.23 per share.

Crompton Greaves: Crompton Greaves has tied up with Spanish company for kitchen appliances business in India.

BHEL: BHEL has commissioned 250 megawatt unit of NTPC's Bongaigaon power plant.

Torrent Power: Torrent Power's contract to distribute power in Kanpur has been cancelled.

8:15 a.m.: Manpasand Beverages IPO will open today. Manpasand Beverages sells fruit drinks sold under Mango Sip, Fruit-Up and Manpasand ORG brands. Mango Sip currently accounts for 86 per cent of revenues and it is the fourth largest player in mango drinks category.

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