Shares suggestion for Tuesday
Indian equity markets may open in the negative terrain on Tuesday following weak cues prevailing in the Asian markets.
Nifty ended at 9,912 level, up by 55 points while Sensex ended at 31,750 level, up by 154 points on Monday. Nifty has ended above 9,900 level after five trading sessions. There were 1,097 advances, 555 declines and 323 unchanged stocks on NSE, reflecting a strong positive undertone floating in the market.
Following are the important stocks to watch out for on Tuesday:
Infosys: The company has informed the bourses that some members of the promoters and promoter group may participate in the proposed buyback.
Vijaya Bank: The board of bank has approved the opening of QIP. The floor price is set at Rs 66.36 per share.
NTPC: Government has proposed to sell 41.22 crore shares or 5% stake in the company via offer for sale. The floor price is set at Rs 168 per share.
Century Plyboards: The company has acquired additional 2% in Huesoulin wood processing factory increasing its holding to 51%.
Magma Fincorp: The company has acquired 26% stake in Magma ITL Finance from International Tractors Limited.