Trends on SGX Nifty pointed to a gap-down opening for domestic markets.
New Delhi:
Domestic stock indices are likely to trade lower on Tuesday, based on signals from their global counterparts. Asian stocks fell in early trading today, following a volatile Wall Street session overnight.
Trends on SGX Nifty pointed to a gap-down opening for the home markets. The Singapore Exchange’s Nifty Futures, also known as the SGX Nifty Futures, fell 98.05 points, or 0.62 percent, to 15,740.
The 30-share BSE Sensex was up 433 points, or 0.82 percent, to close at 53,161 Monday, while the broader NSE Nifty was up 133 points, or 0.85 percent, to settle at 15,832.
Here are stocks to watch during today’s session:
Bajaj car: The automaker said its board has approved a share buyback program for a total amount of up to Rs 2,500 crore. The board of directors of the company approved the proposal for repurchase of the fully paid-up shares of the company with a nominal value of Rs 10 each from existing shareholders, except promoters and promoter group, from the open market in the exchanges, Bajaj Auto said in a regulatory application.
cipla: The pharmaceutical company has agreed to acquire an additional stake for nearly Rs 26 crore in digital technology company GoApptiv Private to increase its stake to 22.02 percent.
Bank of Baroda: The public sector lender said it would raise Rs 5,000 crore by issuing long-term infrastructure bonds.
JSW Steel: Moody’s Investors Service said it has upgraded JSW Steel Ltd’s Corporate Family Rating (CFR) to Ba1 from Ba2. Ba1 rating means that liabilities are considered to contain speculative elements and are subject to significant credit risk.
Tata Consumer Products: The company would continue to look for appropriate acquisition opportunities in various categories to fuel its growth, said Tata Consumer Products Chairman N Chandrasekaran.
In addition, Delta Corp and Sun TV are two stocks in the F&O (Futures and Options) Prohibition Period today.
