Market Ahead, January 3: Top factors that could guide markets today


Podcast News: Surging global indices and some positive data points back home may help perk up investor sentiment in today's session. Market participants, though, will also look at stock-specific developments and any pre-budget news flow for further clues.
In stock-specific news, the government is unlikely to complete the strategic sale of Bharat Petroleum Corporation (BPCL), Container Corporation of India (Concor), and Air India by March-end, according to a Business Standard report. The stocks of the first two companies will react to the development.
Besides, Oil and Natural Gas Corporation (ONGC) walked away with all the seven oil and gas blocks on offer in the fourth round of Open Acreage Licensing Policy (OALP).
In another development, the Reserve Bank will carry out another round of special simultaneous open market operation to buy and sell government bonds of Rs 10,000 crore each on Monday. Read Complete Article

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