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Markets are likely to open on a positive note tracking strength in Asian equity markets.
Asian equities were mostly higher on Monday, led by a rally in Chinese markets on optimism about the health of the world's second-largest economy. However, investors continued to keep a check on the rising geopolitical risks.
China's Shanghai Composite gained 1.64 percent or 34.87 points at 2,161.48. Hong Kong's Hang Seng rose 0.58 percent or 139.93 points at 24,355.94. Furthermore, Japan's Nikkei surged 0.50 percent or 77.84 points at 15,535.71. and South Korea's Seoul Composite climbed 0.36 percent or 7.30 points at 2,041.15. SGX Nifty is quoting at 7,797.00 up by 7.00 points or 0.09%
5 stocks to watch:
Debt-laden Jaiprakash Power Ventures Ltd (JPVL) on Sunday said it had signed a deal to sell its entire hydropower portfolio to Reliance CleanGen, a wholly-owned subsidiary of Anil Ambani-controlled Reliance Power (R-Power).
Following the footsteps of some of its global peers, India's third largest information technology (IT) services company, Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally.
Indian Overseas Bank (IOB) has received shareholders' approval to raise capital up to Rs 3,500 crore by way of qualified institutional placement (QIP) and a rights issue to the government.
The global private equity major Apax Partners will acquire about 8% stake in Cholamandalam Investment and Finance Company Limited, the financial services arm of the Murugappa Group for Rs 500 crore.
Cairn India has sought partner Oil and Natural Gas Corp’s (ONGCs) nod for extension of the licence of their prolific Rajasthan oil block beyond the contractual deadline of 2020.
