Key benchmark indices tumbled for the second consecutive day on Tuesday, September 17, 2019, following a surge in global crude oil prices after attacks on Saudi Arabia's oil facilities. Selling was seen across all sectors with auto shares declining the most. However, certain stocks came in news after the market was closed for trading and can have an impact on the indices when it reopens on Wednesday, September 18, 2019. Here is a list of five such stocks:

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Bajaj Finance Limited: Board of Directors of the company has approved raising of capital through a qualified institutional placement (QIP) for an aggregate amount not exceeding Rs8,5000 crore by issue of equity shares and/or eligible securities.

Yes Bank: Rating Agency CARE has downgraded Rana Kapoor-owned Morgan Credits (MCPL), that is also a promoter entity of Yes Bank. The rating has been downgraded to BBB- from A-. CARE in its report said, “The revision in rating takes into account the fall in the stock price of the underlying shares of Yes Bank Ltd (YBL) which are held by MCPL or Promoters and/or their relatives”.

Dixon Tech: Dixon Tech will be in focus today as the ministry of finance has scrapped the import duty on open cell LED TV panel from 5% to zero on Tuesday. This is the most critical component used in LED TV manufacturing accounting for 65-70% of the total production cost.

Indian Hotels/EIH/Taj GVK: Stocks of the five-star hotels functional in India will remain in focus today because the GST Council is likely to rationalise the GST rates for five-star hotels during its meeting scheduled to be held on Friday, August 20, 2019. The fitment panel, comprising central and state officials, in its recommendation, has advised two ways of rationalising the rates for five-star hotels and they are (i) by cutting the rate from 28% to 18%. Currently, 28% of GST rates are slapped on hotel rooms with a tariff of Rs7,500 per night and above (ii) Increase the threshold from Rs7,500 to Rs10,000 per night. The decision, if taken, would give a boost to the tourism industry.

Watch Zee Business Live TV

Dewan Housing Finance Corporation (DHFL): Financially-stressed DHFL has defaulted on principal and interest payments on NCDs aggregating to Rs104.54 crore. These NCDs were issued to a single investor.