BSE, NSE continue upward momentum during Tuesday's morning trade
SMC Investments and Advisors Limited, in its morning note on Tuesday said that it expects markets to start on a positive note as Asian shares nudge higher while a weaker yen supported exporters as investors looked for fresh catalysts following a U.S. holiday.
"Global equities are trading near a record high after Trump’s election spurred optimism in economic growth amid signs of an inflation pickup. Yet caution remains in the markets, with the House of Lords began debating the draft law that would allow Prime Minister Theresa May to trigger Britain’s exit from the European Union," it said.
STOCKS TO WATCH:
Castrol India, Net 4 India Limited, ITD Cementation India and Huhtamaki PPL to announce their results today.
As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs 433.38 crores on 20th February 2017.Domestic institutional investors bought shares worth Rs 827.9 crores on that day.
Key stocks to watch:
Tata Consultancy Services: TCS on Monday said that the company will spend Rs 16,000 crore to buyback 2.85% equity shares at Rs 2850 per share. Shares of the company gained on Monday in anticipation of the news.
Ambuja Cements: The company reported better than expected net profit for the quarter ended December 31, 2016.
Infosys: Vishal Sikka, CEO and MD of the IT major has refuted claims made by a whistle-blower. He said that malicious stories are being spread to target him.
ONGC Ltd: The state-owned oil major has settled tax dispute with Gujarat Government. ONGC's foreign arm OVL has sent out RFP to raise loan to refinance an acquisition.
Siemens: The company has gained a contract worth Rs 287 crore to set up signalling systems for Nagpur Metro.
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