Overnight Digest: Stocks to look out for on July 5

The stocks that are likely to witness significant movement on the bourses on Thursday, July 5 are Yes Bank, FIEM Industries Limited, Shriram Transport Finance, TCS, Wipro, Infosys.

Yes Bank: The bank has informed the Exchange regarding its approval by SEBI to launch Mutual Fund Business. The stock will be in focus on Thursday.

FIEM Industries Limited: The company has informed the bourses that they have signed a “Technnical Assistance Agreement” with TOYODENSO Co.,Ltd., Japan and Toyota Tsusho Corporation, Japan for manufacturing of Bank Angle Sensor for motorcycles for Indian Market. This is likely to keep the stock in focus on Thursday.

Shriram Transport Finance: With respect to corporate guarantee issued by Shriram Transport Finance to its subsidiary SVL, the company has submitted its clarification to bourses that the promoter group and the its associates have enough funds to repay the debt whenever it is due. This will keep the stock in focus on Thursday.

Infosys,TCS, Wipro and Cognizant  : The IT biggies TCS, Wipro , Infosys and Cognizant will be in limelight in tomorrow's session as these companies will be impacted by the outcome of the tax disputes amounting to around $2 billion.