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
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