Trends on SGX Nifty suggest a slightly higher chance of opening the domestic market.
New Delhi: Domestic stock markets are expected to trade cautiously on Tuesday, following signals from global markets. Asian shares traded sideways as Japan’s Nikkei fell 0.01%, South Korea’s KOSPI gained 0.17% and the Shanghai Composite Index gained 0.07%. Trends on the SGX Nifty suggest a slightly higher open for the domestic markets. Nifty futures on the Singapore Exchange also known as SGX Nifty Futures inched 0.18% or 32.75 points to 18,193.
The BSE Sensex benchmark closed 32.02 points or 0.05% higher at 60,718.71 on Monday; while the broader NSE Nifty rose 6.70 points or 0.04% to 18,109.45.
Here are the stocks to watch in today’s session:
To escort: The agricultural machinery and construction equipment industry will increase the price of tractors from November 21. “Stable increases in commodity prices will require price increases to offset the impact of continued inflation. Price increases will vary. between models and variants,” the escorts stated.
Bharti Airtel: The major telecom group has partnered with US-based Mavenir to pilot a fifth-generation or 5G-based Open Radio Access Network (Open RAN) at mmWave and mid-band at Chandigarh tri-city.
EPL: The company has announced a major transition from leading brand partner Vicco Labs to 100% recyclable packaging. Vicco Laboratories and EPL worked together to convert Vicco’s ‘Turmeric’ product line to recyclable Platina tubes.
IRCTC: The Indian Railways and Tourism Corporation has partnered with the Sattvik Council of India to obtain certification for special vegetarian food cooking, transport and storage procedures on trains to religious sites. Church with the Railroad catering arm invites a third party to inspect its facility kitchen where food is cooked to ensure a vegetarian environment. Shares jumped as much as 4.99% on Monday.
Phoenix Mills: Phoenix Mills Ltd. and Canada Pension Plan Investment Board (CPP Investments) have announced a new joint venture for an office-owned mixed-use development in Lower Parel, Mumbai. CPP Investments has committed to invest Rs 1,350 in tranches, giving a final ownership rate of 49% in Plutocrat Commercial Real Estate Private Limited (PCREPL), which will own the property.
Apollo Tires: The company will continue to raise prices by 3-5% in the third quarter of this fiscal year to offset the impact of rising commodity prices. Tire prices have increased by about 9% on average so far this September.
