On the economic front, market participants will be watching Markit’s Manufacturing PMI and Services PMI data on January 4 and 6, respectively.
The national equity benchmarks BSE Sensex and Nifty 50 are likely to open in positive territory on Monday, as suggested by the SGX Nifty trends in early trading. Nifty futures were trading 147.75 points or 1.06 percent higher at 14,117.80 on the Singapore Stock Exchange. Last week, benchmarks rose to record levels thanks to the rollout of coronavirus vaccination around the world. Earning season kicks off this week with TCS (Tata Consultancy Services) results scheduled for January 8. While on the economic front, market participants will be on the lookout for data from Markit Manufacturing PMI and Services PMI on January 4 and 6, respectively.
Stock in focus today
Reliance Industries Ltd: The capital market regulator Securities and Exchange Board of India (Sebi) imposed sanctions on RIL, its president and CEO Mukesh Ambani, as well as two other entities on Friday for alleged manipulative trading of the shares of the former Reliance Petroleum Ltd (RPL) in November. 2007.
BEML: The Center invited on Sunday the expression of interest (EoI) of strategic investors for a 26% stake in BEML, along with management control, adding a central public sector company (CPSE) to the portfolio of state companies to be put on the block. The last date to submit the EoI for BEML is March 1, 2021.
Antony Waste Handling Cell: On Friday, Edelweiss Finvest sold 2.51 lakh of shares of the newly listed Antony Waste Handling Cell at Rs 439.7 per share through bulk deals on the NSE.
Rashtriya Chemical and Fertilizers Ltd: The government plans to sell the 10 percent stake in RCFL and invited bids from commercial bankers and legal firms to manage the share sale process. The government has a 75 percent stake in RCFL and intends to divest 10 percent of the paid-in capital stock through an Offer for Sale (OFS).
Adani Green: Adani Green Energy Ltd said that its subsidiary Adani Renewable Energy Holding Eight Ltd (AREHEightL) has been awarded a 600 megawatt wind-solar hybrid power project by Solar Energy Corporation of India.
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