The trend on SGX Nifty shows that the domestic market opened slightly positive.
New Delhi: Domestic stock indexes are likely to trade cautiously on Monday due to signals from global markets. Asian stock markets were muted as investors counted down to another US inflation outcome that could put the stamp on the Federal Reserve’s early interest rate hikes, higher bond yields and sanctions. technology stocks. The trend on the SGX Nifty shows a slightly positive opening for the markets at home. Nifty futures on the Singapore Exchange also known as SGX Nifty Futures rose 66.10 points or 0.37% to 17,921.20.
The BSE Sensex benchmark gained 143 points, or 0.24%, to close at 59,745 on Friday, while the broader NSE Nifty hit 67 points or 0.38% higher at 17,813.
Here are the stocks to watch in today’s session:
Reliance Industries: Billionaire Mukesh Ambani’s RIL company has announced the acquisition of the high-end luxury hotel Mandarin Oriental in New York for $98.15 million. Established in 2003, Mandarin Oriental New York is an iconic luxury hotel located at 80 Columbus Circle, right next to pristine Central Park and the Columbus Circle.
TCS: India’s largest IT company Tata Consultancy Services says its Board of Directors will review the acquisition proposal on January 12. The Mumbai-based company’s board of directors is scheduled to meet on Jan. January 12 to approve and record the company’s financial results for the third time. quarter and nine months ended December 31, 2021.
Airtel: Telecom operator Bharti Airtel said it would not use the option to convert interest from deferred spectrum and AGR (adjusted gross revenue) fees into equity, under the reform package.
Mahanagar gas: The company raised the price of CNG by Rs 2.50 to Rs 66/kg and PNG by Rs 1.5 to Rs 39.50/SCM.
Tata Steel: The company reported consolidated steel output increased by more than 2% to 7.68 million tonnes (MT) in October-December.
ICICI Bank: The Reserve Bank of India (RBI) has approved the re-appointment of Anup Bagchi as Managing Director of ICICI Bank for a period of three years. ICICI Bank has two more executives – Sandeep Batra and Vishakha Mulye.
