Friday, the following stocks are in the spotlight in the Indian market due to stock or sector-specific news or reports. Stock prices are taken from the BSE, unless stated otherwise.
The 30-share Sensex average is currently trading weak, but off the day's low at 18,411, down 44 points or 0.24% and the 50-share Nifty is declining by 12 points or 0.21% to 5,529.
Orient Ceramics (down 3.52%) and Chennai Petroleum Corporation (down 6.72%) are trading weak on turning ex-dividend.
Ballarpur Industries (Rs.37.75, down 1.7%) -The country's largest paper producer signed a pact to buy Bangalore-based Premier Tissues India.
Reliance Communications (Rs.163, down 0.40%) - The telecom operator is likely to announce a "strategic business agreement" with mobile phones maker Nokia Oyj today.
Jet Airways (Rs.824.80, up 5.82%) - The private carrier has sought RBI approval to raise foreign currency loans to repay expensive rupee loans from local banks, the Economic Times reported.
Mahindra & Mahindra (Rs.616.85, up 0.14%) - The tractor and utility vehicles manufacturer plans to provide auto loans and set up resorts in Sri Lanka.
Motor & General Finance (Rs.43, up 2.02%) - The company's board has recommended dividend of Rs 2 per share for the year ended March 2010.
NALCO (Rs.402.75, up 0.95%) - The state-run firm has called for bids to export 3,000 tonnes of aluminum ingots, the Economic Times said.
ONGC (Rs.1,269, up 0.12%) - The state-run explorer's unit produced 8.87 million metric tons of oil and oil-equivalent gas from overseas assets in FY10, the government said.
Healthcare stocks such as Ipca Lab, Opto Circuits, Sun Pharma, Glaxosmithkline Pharma, Cadila Health, Aurobindo Pharma, Cipla and Ranbaxy are rising between 0.53% and 2.67% on defensive buying.
FMCG player Emami is up 2.27% on reports it is scouting for acquisitions in the personal and healthcare segment in the domestic and international markets.
Jubilant Foodworks, which operates Domino's Pizza stores in India, is rallying almost 4% on strong volumes.
ABB (Rs.783.10, up 1.20%) - The engineering giant plans to invest Rs.200 crore towards setting up new units and expansion of its existing facilities at Maneja by the end of 2011, according to a Times of India report.
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