The BSE Sensex and NSE Nifty open flat to lower on Monday as cues from Asian markets are mixed. The Indian rupee opened little changed against the USD. Markets may witness volatility during this week ahead due to derivatives expiry next week and the recent spike in worries on the Korean peninsula.
Following top stocks will be in focus out of many:
Shares of Reliance Home Finance rose by 5% in its debut trade today and commanded a market valuation of Rs 5,291.35 crore.
Glaxo SmithKline Pharma: The company said it has approved the sale of 60 acres land of the company at Thane to Oberoi Realty for a consideration of Rs 555 crore.
Tata Global Beverages: The Company has announced that its overseas arm has formed a step-down subsidiary, Coffee Trade LLC in Russia, which will take over part of the existing business as a part of its restructuring exercise in the country.
Rural Electrification Corp: The Company has obtained shareholders’ nod to raise up to Rs 65,000 crore via bonds over the next one year.
The Indian rupee opened at 64.86 per dollar in early trade today and was trading at 64.82 per dollar, down 0.02 percent from its previous day’s close of 64.80. Meanwhile, at 10.20 am today, Nifty ended at 9,850 levels, down by 113 points, while Sensex closed at 31,625 levels, down by 298 points.