 "Markets to remain volatile in truncated week")
Markets are likely to remain volatile in the truncated week with traders closely watching the movement in global crude oil prices and trends in the rupee.
At 8:25am, the early indicator SGX Nifty was down 14 points at 7,760.
The stock exchanges will be closed for trading on Friday, December 25 on account of Christmas Day.
Also Read
Meanwhile the finance minister Arun Jaitley will table the Insolvency and Bankruptcy Bill in the parliament later today. Further, uncertainty over the GST Bill continues following the stand off between the government and the Congress. The winter session of the parliament ends on Wednesday, December 23.
GLOBAL MARKETS
Asian stocks remain subdued on Monday tracking sharp fall in US stocks on Friday and lack of buying interest on account of holidays during the week. The Nikkei was down 1.7% while Straits Times eased 0.5% while Hang Seng was up 0.5%.
US stocks ended sharply lower on Friday following the expiry of stock and index options.
The Dow Jones ended down 2.1%, the broader S&P 500 ended down 1.8% and the tech-laden Nasdaq ended down 1.6%.
STOCKS IN FOCUS
Sun Pharma may see some pressure after the company said the US Food and Drugs Administration (FDA) has issued a warning letter for its Halol plant in Gujarat.
IT stocks may remain under pressure after hike in visa fees between $8,000 and $10,000 per H-1B visa from April 1, 2016.
Kesoram Industries could see some action after its board has approved a proposal for raising up to Rs 650 crore through issue of securities.
IDBI Bank will be in focus on talk that the company plans to divest stake in its joint-venture life insurance company.
Jubilant Life Sciences may gain after the RBI approved that FIIs can now buy upto 45% equity stake in the company.
MBL Infra may gain after the company said it has won orders worth Rs 414.75 crore.
The board of IVRCL for conversion of part of the Debt into equity shares of the Company pursuant to invocation of Strategic Debt Restructuring by Joint Lenders Forum. The board also approve carving out the business of the Company into "EPC Company" and "Assets Company" which includes Land/BOT and other assets.
