Hero MotoCorp, ITC among top stocks hogging limelight in Tuesday's trade

The Sensex and Nifty are expected to open flat tracking mixed trend in Asian markets as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for Chinese markets.

Syndicate Bank clarified that it had offered loan to DSK Group as per RBI norms. Image source: Pixabay

The Sensex and Nifty are expected to open flat tracking mixed trend in Asian markets as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for Chinese markets.

At 7:50 am, SGX Nifty was trading at 10,659.50, up 9.50 points ot 0.09 per cent.

The Asia Pacific MSCI index ex-Japan dropped 0.66 percent on early Tuesday trade, while Japan’s Nikkei average was little changed. In China, the Shanghai Composite Index shed 0.23 percent and the blue chip CSI300 index fell 0.19 percent.

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The Shanghai bourse hit more than two-year lows on Monday, and the yuan fell amid jitters ahead of a July 6 deadline when the United States is set to impose tariffs on $34 billion worth of goods from China,

Here are top stocks that will remain in focus today:

Syndicate Bank: Syndicate Bank clarified that it had offered loan to DSK Group as per RBI norms. "We wish to state and confirm that the Credit Facility has been sanctioned to D S Kulkarni Developers Group in normal course of business with due compliance of all applicable Reserve Bank of India (RBI) guidelines and Bank's Policies which is fully secured. One of the facility is under consortium and our share is fully secured," it said in a filing to BSE.

Hero MotoCorp: The largest two-wheeler maker Hero MotoCorp reported a 13 per cent growth in June sale at 7,04,562 units over the same month last year, while its first quarter sales crossed 2.1 million units. In the year-ago month, the Delhi-based company had clocked a turnover of 6,24,185 units, it said in a statement.

ITC: ITC said it planned to add 2,500 rooms to its hotel segment to take the total inventory to 12,000 in five years from 9,500 now, even as the diversified group mulls foraying into the healthcare space. Sanjiv Puri, ITC Managing Director,said the company would invest Rs 2,500 crore in the next two to three years in Telangana, among others, to set up an integrated consumer goods manufacturing unit and logistics facility and for the capacity augmentation and efficiency of Bhadrachalam Paperboard.

Strides Shasun: Drug firm Strides Shasun said it has received approval from the US health regulator for anti-inflammatory Ibuprofen tablets and for Milnacipran Hydrochloride tablets used for treating pain due to a certain condition. Company's arm Strides Pharma Global has received final approval for Ibuprofen tablets USP, 200 mg from the United States Food & Drug Administration (USFDA), Strides Shasun said in a filing to BSE.

Capital First: Non-bank lender Capital First has picked up 7per cent equity stake in Kolkata-based microfinance company Village Financial Services for an undisclosed sum. This is Village Financial's second equity infusion. In last March the firm had raised equity for the first time from Mumbai based Param Capital.

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