Stocks To Watch: Reliance Industries, TCS, Airtel, ICICI Bank
New Delhi: The domestic stock indices are likely to trade cautiously on Monday taking cues from the global markets. Asian share markets were muted as investors count down to another U.S. inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields and punishing tech stocks. Trends on SGX Nifty indicated a slightly positive opening for the markets back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures rose 66.10 points or 0.37 per cent to 17,921.20.
The benchmark BSE Sensex had jumped 143 points or 0.24 per cent to close at 59,745 on Friday, while the broader NSE Nifty had settled 67 points or 0.38 per cent higher at 17,813.
Here Are Stocks To Watch During Today's Session:
Reliance Industries: Billionaire Mukesh Ambani's RIL has announced the acquisition of New York's premium luxury hotel Mandarin Oriental for $98.15 million. Set up in 2003, Mandarin Oriental New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.
TCS: India's largest IT firm Tata Consultancy Services has said its Board will consider a buyback proposal on January 12. The Board of the Mumbai-based company is scheduled to meet on January 12 to approve and take on record the financial results of the company for the third quarter and nine months ending December 31, 2021.
Airtel: Telecom operator Bharti Airtel has said it won't avail the option of conversion of the interest on deferred spectrum and AGR (adjusted gross revenue) dues to equity, under the reforms package.
Mahanagar Gas: The company has raised CNG price by Rs 2.50 to Rs 66 per kg and PNG by Rs 1.50 to Rs 39.50 per SCM.
Tata Steel: The company has reported a more than 2 per cent rise in consolidated steel output to 7.68 million tonnes (MT) for October-December.
ICICI Bank: Reserve Bank of India (RBI) has approved the re-appointment of Anup Bagchi as an Executive Director of ICICI Bank for a period of three years. ICICI Bank has two more executive directors -- Sandeep Batra and Vishakha Mulye.
