The Indian market is set for a positive start on Monday despite weak global cues as SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.34 percent at 10,867, indicating a positive opening for the Indian market.
Global investors remained jittery as weak economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the impact of international trade frictions on business and profits.
Here are the top stocks to watch out for in today's trade Vedanta: Buoyed by the NGT order allowing the reopening of its Tuticorin plant, Sterlite Copper CEO P Ramnath on December 16 said the company will now approach the Tamil Nadu government for consent to resume operations at the unit. Sterlite Copper is a wholly-owned subsidiary Sterlite industries, a company owned by Vedanta. Axis Bank: Axis Bank will be offering its new home loan customers an alternative to reduce their principal amount on a monthly basis, in departure from the current system wherein the lion's share of repayment initially is the interest component. Vodafone Idea: Amid a raging financial crisis in the industry, India's largest telecom operator Vodafone Idea has urged the telecom department not to hold spectrum auction till 2020, on the grounds that fresh need for quality radiowaves will arise only once the 5G ecosystem is ready, according to a government source. BEML: BEML Ltd, the country's largest railway coach maker, has pitched for indigenisation of at least six rakes of bullet train coaches in collaboration with its Japanese partner Hitachi. SpiceJet: Low-cost carrier SpiceJet is likely to join the global airlines' grouping the International Air Transport Association (IATA) as a member. The grouping has a membership of around 290 airlines that represent about 82 per cent of total air traffic. Fortis Healthcare: The healthcare firm, in an exchange filing, clarified that the ex-promoters are no longer a part of Fortis and the judicial proceedings on Friday were in matters solely related to them and were specifically, in connection with the alleged transfer of their shares to Indiabulls Housing Finance Limited. Infosys: The company, in an exchange filing, said it signed an agreement to divest its shares in CloudEndure Limited for a total consideration of approximately $15.3 million. IL&FS Engineering: The Maharashtra Metro Rail Corporation Limited terminated its contract with the company. Bharti Airtel: The company has scheduled board meeting on December 20 to consider various fundraising options. Wipro: The company announced a strategic partnership with Saxo Bank. (With inputs from agencies)