New Delhi: Domestic stock markets are likely to trade cautiously on Tuesday amid cues from Asian markets. Asian stocks fell and the safe-haven dollar strengthened, as the global energy crisis fueled inflation fears, dampening investor sentiment ahead of US corporate earnings season. Trends on SGX Nifty indicate a negative start for the domestic markets. Nifty futures were trading at 17,867, down 64 points or 0.36% on the Singapore Stock Exchange.
On Monday, the benchmark BSE Sensex jumped 381.23 points or 0.64% to close at 60,059.06, slightly off its lifetime high; While the broader NSE Nifty rose 104.85 points or 0.59% to hit a fresh closing peak of 17,895.20.
Here are the shares to watch during today’s session:
Adani Ports: India’s largest port operator Adani Ports and Special Economic Zone has said that its terminals will no longer be able to handle export and import of container cargo from Iran, Pakistan and Afghanistan from November 15. The decision comes after the Directorate of Revenue Intelligence (DRI) seized around 3,000. Kilo Heroin from Afghanistan at Mundra Port.
Zeel: US investment firm Invesco on Monday slammed Indian TV giant Zee Entertainment Enterprises Ltd and objected to certain terms of its proposed merger with Japan’s Sony Group, drawing support from the Indian firm’s shareholders in a bid to reform its management. was asked to do.
TCS: Tata Consultancy Services (TCS) last week placed orders for total contract value, or $7.6 billion, during the second quarter, down from $8.6 billion a year ago and $8.1 billion in the June quarter. Shares of the IT major were down up to 7% on Monday on fears that the big deals that have driven much of its growth over the past year were drying up. After the fall of the previous day, there may be value buying / bottom fishing in the shares.
Tata Motors: Shares of Tata Motors rose 9.1% to hit a 52-week high of Rs 417.3, extending its gains for the third straight session on Monday after the company informed exchanges that Jaguar Land Rover The underlying demand for the products remains strong along with the order book. record level.