Stocks to watch: Sobha, Reliance Industries, NMDC, State Bank of India, Maruti Suzuki

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 82 points at the opening bell. Overseas, Asian stocks are trading higher on Tuesday, tracking a U.S. equity rebound as the prospect of very gradual policy tightening tempers some of the concerns about the Federal Reserve’s hawkish tilt.

Here is the list of top stocks that could be in focus on June 22.

Results today: Ashapura Minechem, Avanti Feeds, Bharat Electronics, Bombay Oxygen Investments, GEPIL, ITI, NMDC, Oxax Auto and Sobha are slated to announce their March quarter results on Tuesday.

RIL: Asia’s richest man Mukesh Ambani on Monday said there is no option for businesses but to go green and every unit of Reliance Industries (RIL) would have to pivot as the conglomerate moves towards net-zero. “We have no option as a society, as a business but to really adopt a sustainable business model,” he said speaking at the Qatar Economic Forum.

State Bank of India: The country’s largest lender SBI on Monday said its central board has approved a proposal to raise up to Rs 14,000 crore by issuing Basel-III compliant bonds. The bonds are proposed to be raised in Indian or US currency.

Maruti Suzuki: The country’s largest carmaker Maruti Suzuki India (MSI) said it will increase prices of its entire product portfolio in the second quarter of the current fiscal due to rise in prices of various essential commodities, including steel.

Bharti Airtel: Bharti Airtel and Tata Group on Monday announced a strategic partnership for implementing 5G network solutions for India.

Jaypee Infratech: State-owned NBCC, which is in the race to acquire Jaypee Infratech Ltd (JIL), on Sunday assured stuck homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time as per the schedule.