0

0

0

0

0

0

0

0

0

market | IST

Top stocks to watch out for on December 24: SBI, Jet Airways, Fortis Healthcare, Tata Motors

Mini

At 07:23 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.08 percent at 10,751, indicating a weak opening for the Indian market.

The Indian market is set for a mildly weak start as political uncertainty in US left global investors jittery at a time when the economy was showing signs of faltering.
However, the Indian market is likely to outperform global market on positive outcome of the Goods and Services Tax (GST) Council meeting which was held on Saturday.
At 07:23 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.08 percent at 10,751, indicating a weak opening for the Indian market.
The Indian market will be closed on Tuesday on the occasion of Christmas.
Here are the top stocks to watch out in today's trade: 
Oil and Natural Gas Corp: The ONGC board has opined that it is not the right time to list the firm's overseas investment arm ONGC Videsh on the bourses, sources said. The board of Oil and Natural Gas Corp (ONGC) on December 21 considered the government demand for listing its profitable overseas investment arm ONGC Videsh Ltd (OVL).
Wipro, TCS and Mindtree: The Reserve Bank of India has shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters. The other three shortlisted vendors are: Capgemini Technology Services India, Dun & Bradstreet Information Services India, and Mindtree Ltd.
Bank of Baroda, Vijaya Bank and Dena Bank: The scheme of amalgamation spelling out the contours of the merger of Bank of Baroda (BoB), Vijaya Bank and Dena Bank is expected to be finalised by the end of this month, sources said.
Axis Bank: The bank on Friday announced the appointment of Rajiv Anand as the Executive Director for the wholesale banking segment, with immediate effect.
SBI, Jet Airways: The country's largest lender State Bank of India (SBI) is looking at extending fresh loans to Jet Airways or converting a part of its debt into equity in an attempt to help the stressed carrier get back its financial health, said sources familiar with the matter.
Interglobe Aviation: Low-fare carrier IndiGo and Istanbul-based Turkish Airlines on Friday announced a codeshare and mutual cooperation agreement to leverage their respective networks to maximise travel opportunities for the traveling public.
Fortis Healthcare: Markets regulator Sebi on Friday directed Fortis Healthcare and Fortis Hospitals to take necessary steps to recover Rs 403 crore, along with interest, from Shivinder Mohan Singh, Malvinder Mohan Singh and seven other entities within three months.
Vedanta: The Vedanta Group company Sterlite has said it would move the Supreme Court to implement the NGT order to reopen its copper plant in Tuticorin. The honourable Madras High Court, Madurai Bench, Friday issued notices on the matter and has listed the same for hearing on maintainability on January 21, 2019.
Tata Motors: Jaguar Land Rover owner Tata Motors has reportedly assured Prime Minister Theresa May of the company's commitment to Britain's automotive industry despite the ongoing turmoil of Brexit.
NMDC: After exhausting all other options, NMDC Ltd moved the Karnataka High Court on the issue of levying 80 per cent premium by the Karnataka government on the iron ore extracted from Donimalai mines in the state, said a top official of the miner.
Punjab National Bank: State-owned Punjab National Bank (PNB) has launched a special card for Kumbh Mela 2019. The bank has partnered with the Uttar Pradesh government to create a model for digitization at this edition of Kumbh Mela, PNB said in a statement issued on Sunday.
(With inputs from agencies)