Domestic equity markets are likely to open on a flat to negative note on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.
At 8.00 am, Nifty futures trading on SGX were trading 8.5 points, or 0.08 per cent, lower at 10,391.50, indicating a flat start for the Nifty50. Here is a list of top stocks that are likely to be in focus in today’s trading session.
Bharti AirtelBSE 8.15 %, Dr Reddy’s Labs: IDBI BankBSE 0.88 %, Bharti Airtel, Dr Reddy’s Labs, Divis Labs, Dabur IndiaBSE 4.55 %, IIFL, Ajanta PharmaBSE -1.28 %, InterGlobe Aviation, JSW SteelBSE 1.98 %, Zee Media and SBI Life Insurance Company are some of the companies scheduled to announce quarterly results on Tuesday.
Axis Bank: Bain Capital is in advanced talks with Axis BankBSE 2.63 % to invest Rs 4,800-6,400 crore, what could be one of the largest private equity investments in the Indian banking sector.
Bharti Infratel: Bharti Infratel, India’s sole listed telecom tower company , is exploring a mega stake acquisition in larger peer Indus Towers that could be the largest consolidation move in the industry.
JP Power Ventures: Brookfield and Resurgent Power have bid to acquire debtridden Jaiprakash Power VenturesBSE -0.50 %, which its lenders have put on the block under SDR, reports Rachita Prasad.
RCom: Reliance CommunicationsBSE -0.87 % (Rcom) has presented a fresh “zero write-off “ plan to its lenders, under which banks could convert some of its debt and take a majority 51% stake in the telecom operator. The company could then raise funds by selling its towers and spectrum to potential buyers, including Reliance Jio Infocomm, and monetising real estate assets.
Tata Steel: Tata SteelBSE 0.20 % harnessed the steepest global prices in more than five years to post profits in the three months to September, but India’s oldest maker of the alloy fell short of Street estimates in a quarter that saw a settlement of the pension liabilities in its British businesses.
SBIBSE 3.34 %, JSW Energy: State Bank of IndiaBSE 3.34 % (SBI) on Monday signed an agreement with seven companies for funding solar power energy projects. The seven companies include Adani Group, JSW EnergyBSE 1.05 %, Hinduja Renewables, Tata Renewables Energy, Azure Power, Cleantech Solar and Hero Solar Energy.
Akzo NobelBSE -0.95 % India: Dutch parent Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller US rival Axalta Coating Systems Ltd to create a $30-billion company.