Sun Pharma, TCS among key stocks hogging limelight in Wednesday's trade

The Sensex and Nifty are expected to open lower tracking negative trend in Asian markets ahead of US Federal Reserve's policy outcome due later today. At 8:00 am, SGX Nifty was trading at 10,822, up 24.50 points or 0.23 per cent.

Asian shares edged slightly lower on Wednesday as investors looked to the Federal Reserve policy decision and any clues it might give on future rate hikes, shifting focus away from the historic US-North Korea summit in Singapore.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.15 per cent in early trade, giving up the slim gains they made following Tuesday’s meeting between US President Donald Trump and North Korean leader Kim Jong Un.

Japan's Nikkei eked out gains of 0.10 per cent.

On Wall Street, the S&P 500 gained 0.17 per cent, led by a continued rally in technology shares. The Nasdaq Composite added 0.57 per cent, to finish at record low of 7,703.

Here are top five stocks in focus today:

Sun Pharmaceutical Industries: Sun Pharma said it has received US drug regulator’s report for its Halol, Gujarat plant that paves the way for fresh approvals for its products in its largest market. Halol plant contributes 10 per cent to its total income.

Tata Consultancy Services: Software services major Tata Consultancy Services (TCS) today said it has expanded its agreement with M&G Prudential, which will expand the deal size to more than USD 1.2 billion. TCS had announced its 10-year partnership with M&G Prudential in January this year, which was worth USD 690 million.

Eveready: DSP blackrock Trustee firm has bought 1.44 lakh shares of the company. It bought 0.2 per cent stake on June 8. 

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Page Industries: Page Industries Ltd’s license agreement with Jockey International Inc., has been extended till December 31, 2040. Earlier, it had exclusive licenses for India, Sri Lanka, Bangladesh, Nepal and the UAE markets till CY30.

Bharat Forge: Auto components major Bharat Forge said it has picked up a strategic stake in UK-based Tevva Motors, a provider of electric powertrain 
solutions for commercial vehicles, for 10 million pounds (Rs 90.30 crore).