Stocks in focus on August 3, 2020

New Delhi: Markets fell for third day Friday led by profit-booking amid weak global cues.

The BSE Sensex ended 129.18 points or 0.34 per cent lower at 37,606.89 after a choppy session. Similarly, the NSE Nifty fell 28.70 points or 0.26 per cent to finish at 11,073.45.

During the week, the Sensex fell 522.01 points or 1.36 per cent, while the Nifty declined 120.70 points or 1.07 per cent.

Here are Stocks in focus on August 3, 2020

Tata Motors

Hit hard by the coronavirus pandemic, homegrown auto major Tata Motors on Friday reported a consolidated net loss of Rs 8,443.98 crore for the first quarter ended June 2020. The company had posted a net loss of Rs 3,679.66 crore in the year-ago quarter. Total income from operations during the period under review stood at Rs 31,983.06 crore as against Rs 61,466.99 crore in the corresponding quarter of the last fiscal.

Bandhan Bank Ltd: The promoter of the lender is likely to sell 20.9% stakes of the bank through a block trade today to raise Rs 10,500 crore. The floor price has been set at Rs 311.10 per share

IT Companies in focus

The Trump administration has taken a series of steps to prevent the abuse and fraud in the employment-based visa programmes, including changing the cap selection process for the H-1B, the most sought-after work permit among Indian IT professionals, a top US immigration official has told lawmakers. The H1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India.