The Indian market is set for a positive start after making a smart recovery in the previous session amid the assembly election counting.
Investors took note of the assembly poll outcome. The Congress won in the key states— Rajasthan, Chhattisgarh and Madhya Pradesh, though final numbers were not out yet. TRS won in Telangana and Mizo National Front (MNF) returned to power in Mizoram.
In another important development, the government on Tuesday appointed Shaktikanta Das as the new RBI governor for the next three years, after Urjit Patel abruptly resigned from his post on Monday.
At 07:40 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.06 percent at 10,606.50, indicating a recovery in the Indian market.
Here are the top stocks to watch out for in today's trade:
SBI: The country's largest lender State Bank of India is running pilot projects to disburse agricultural loans digitally and expects to roll out the services very soon, a top official said on Tuesday.
Aurobindo Pharma: Drug firm Aurobindo Pharma on Tuesday said its arm Helix Healthcare BV has entered into a pact with Shandong Luoxin Pharmaceutical Group Stock Co to establish a JV firm in China to manufacture nebuliser inhaler and other products for China, the US and the EU.
Power Grid: State-owned Power Grid on Tuesday said it has inked a loan pact with Sumitomo Mitsui Banking Corporation (SMBC) for 22 billion Japanese yen (Rs 1,397 crore), which will be used as capital expenditure.
Wipro: Global software major Wipro on Tuesday opened an innovation centre at Detroit in the US to develop new technologies and solutions for automobile makers and their suppliers.
Mahindra and Mahindra: Mahindra & Mahindra (M&M) on Tuesday said it has appointed Manoj Chugh as President - group public affairs and member of the company's group executive board with effect from January 1, 2019.
Indiabulls Housing: The company has allotted non-convertible bonds worth Rs 250 crore.
Indiabulls Ventures: The company's promoter Sameer Gehlaut and five other promoter entities have settled a Sebi probe into the alleged violation of 'takeover regulations' after paying Rs 48 lakh towards settlement fee.
Titan: Ratings agency CRISIL revised the outlook for the company from stable to positive.
DLF and SpiceJet: World Travel & Tourism Council, India Initiative (WTTCII) on Tuesday said it has appointed DLF CEO Rajeev Talwar as its chairman and SpiceJet CMD Ajay Singh as vice-chairman.
Indian Bank: The bank said the penalty of Rs 1 crore for violating the cybersecurity norms by the RBI will not have any material impact.
(With inputs from agencies)
First Published: IST