Benchmark indices rebounded around 1 per cent on Thursday due to value buying in banking, IT and auto stocks amid largely positive trend in the global markets. Sensex climbed 659.31 points or 1.12 per cent to end at 59,688.22. Nifty rose 174.35 points or 0.99 per cent to close at 17,798.75. Tech Mahindra, Axis Bank, ICICI Bank, Mahindra & Mahindra, Bharti Airtel, State Bank of India, UltraTech Cement, Bajaj Finserv, IndusInd Bank and Asian Paints were the top Sensex gainers, rising up to 3.23 per cent.

Tata Steel, NTPC, Titan, Nestle, Power Grid and HCL Tech were the only Sensex losers, falling up to 1.63 per cent.

Here's a look at stocks that are likely to remain in news today.

HDFC Bank: The private sector lender has raised Rs 3,000 crore from bonds to fund business growth. The bank issued and allotted bonds to investors on a private placement basis.

Mahindra & Mahindra: Mahindra & Mahindra has unveiled the XUV400 electric SUV. The car is the first product in the electric-only XUV sub-brand which features the copper twin-peaks logo. The car is based on the eXUV300 concept car that the brand showcased at the 2020 Auto Expo and is the direct rival of India's most popular electric car, the Tata Nexon EV.

Coal India: The state run coal miner informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with high inflation. The miner was seeking to raise prices to mitigate high input costs on account of high diesel and explosives prices, among others. CIL has not raised prices in the last four years. Separately, JP Morgan has raised its target price for Coal India Ltd (CIL) to Rs 285, maintaining an overweight stance on the state-run coal behemoth.

Vodafone Idea: The government will buy stake in the debt-ridden telecom firm after the stock price of the company stabilises at Rs 10 or above. The company's board has offered a stake to the government at a par value of Rs 10 per share

YES Bank: Cerberus Capital and Asset Reconstruction Company of India (Arcil) are out of the race to buy more than Rs 48,000 crore of distressed loans of the private lender. They did not submit a counter-bid against a binding offer by JC Flowers ARC.
Source: BusinessToday

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