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Markets like to stay firm on global support; Tata group stocks, RIL in focus


Markets like to stay firm on global support; Tata group stocks, RIL in focus
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Markets may continue to rise on Tuesday on global support while trends in SGX Nifty suggest a positive opening for the Indian benchmark equity indices. On Monday, Indian stocks scaled record highs, with the BSE Sensex closing at 47,353.75, up 380.21 points or 0.81%, and the Nifty at 13,873.20, up 123.95 points or 0.90%.
Asian shares jumped in the early deals, with Japanese stocks hitting a 30-year high, as hopes that a long-awaited US pandemic relief package would be expanded and a Brexit trade deal supported investor risk appetite. ....

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Stocks to watch: Wipro, 3i Infotech, Biocon, SBI Life, AU Small Finance


Here are the top stocks to watch in today s session:
Wipro: The IT services major s share buyback programme will commence today and close on January 11, 2021. In November, shareholders had approved the buyback plan for the purchase of up to 23.75 crore equity shares at Rs 400 per share.
AU Small Finance Bank: AU Small Finance Bank announced strategic partnership with ICICI Prudential Life Insurance to offer personalised insurance solutions.
3i Infotech: IT firm 3i Infotech has entered into definitive agreements to sell its software products business to the funds advised by Apax Partners for Rs 1,000 crore.
Axis Bank: Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market. It closed branches in Shanghai and Colombo last month while it is in the process of winding up Hong Kong Branch. ....

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Axis Bank share price: Stocks in the news: Axis Bank, SpiceJet, Coal India, NTPC, Lupin & 3i Infotech


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Nifty futures on the Singapore Exchange traded 56 points, or 0.40 per cent, higher at 13,944, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today s trade:
Axis Bank: Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market. It closed branches in Shanghai and Colombo last month while it is in the process of winding up Hong Kong Branch, senior bank officials said. It is also looking to surrender its UK banking subsidiary license and close operations by April 2021. ....

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