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The markets are likely to open in the positive terrain as investors are expecting fundamental reforms and technical up gradation of the railways in the Railway Budget, which is due later during the day.
Asian stocks were subdued on Tuesday as Wall Street turned cautious ahead of the corporate reporting season and as earnings guidance from regional tech heavyweight Samsung came in well short of forecasts.
Investors could also be forgiven for feeling a touch of altitude sickness after many indices recently hit all-time or multi-year peaks.
SGX Nifty is quoting at 7,807.00 up 7 points or 0.09%.
Stocks to Watch:
Railway stocks including Texmaco Rail & Engineering, Titagarh Wagons, BEML, Kalindee Rail Nirman (Engineers), Kernex Microsystems (India) and Stone India are likely to remain in focus ahead of the Railway Budget, due later during the day.
Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, offloaded over 48 lakh shares of Kotak Mahindra Bank for approximately Rs 420 crore.
Mahindra Holidays and Resorts India has decided to acquire Finland-based Holiday Club Resorts from a clutch of financial investors forRs 600 crores.
Tata Motors, India's biggest automobile manufacturer, has decided to issue fixed-deposits to the public and shareholders to fund operations.
The Securities and Exchange Board of India slapped a penalty of Rs. 5 lakh on an executive of diversified group ITC for failing to make disclosures about the company’s shareholding after selling over Rs. 35 lakh worth shares previous year.
