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Markets are likely to open on a cautious note ahead of key events including Economic Survey, Railway Budget and Union Budget along with the expiry of February series due later during the week. Further, investors will closely watch the developments in Greece for further directional cues.
Meanwhile, investors will patiently await for the Budget session which will commence today in the parliament.
Meanwhile, investors will patiently await for the Budget session which will commence today in the parliament.
GLOBAL MARKETS
Stock markets and the euro started the week on a cautious note on Monday as a Greek debt deal struck last week remained in the balance until Athens drew up a list of reforms to satisfy its creditors.
Although an initial relief over the last-minute deal boosted Wall Street shares to record highs late on Friday, Asian markets saw little follow-up buying.
U.S. stock futures ESc1 opened flat in Asia but Japan's Nikkei could track Wall Street's sizable gains to scale another 15-year high. Nikkei is up nearly 0.9%.
Activity in Asia is likely to pick up as many market players return from Lunar New Year holidays though the mainland Chinese markets will remain shut until Wednesday.
The early indicator SGX Nifty is up 12 points at 8,855.50 levels.
STOCKS TO WATCH
Infosys, after signing its first big-ticket acquisition under CEO Vishal Sikka last week, is evaluating a dozen more startups - all aimed not at bulking revenues or adding clients, as Indian IT companies typically do, but at gaining cutting-edge technology such as automation and artificial intelligence (AI)
Realty major DLF plans to divest around 50% stake each in four new housing projects to private equity firms for over Rs 3,000 crore, a senior company official said today.
Telecom operators Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G mobile services in areas where either of them is having a weak or negligible presence.
Tamil Nadu-based Neyveli Lignite Corporation (NLC) has signed an amended power purchase agreement with APTransco for supply of an additional 117 Mw of power to the state power utilities from March this year, according to a press release. Currently APTransco has a share of 123.73 Mw of supply from the power generated from the NLC facilities.
Coal India is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity.
IT services company, Tech Mahindra plans to double its capacity at the city campus in next one year.
Suzlon Energy announced that the Securities Issue Committee of the Board of Directors of the Company, at its meeting held on 20 February 2015 approves the allotment of 13,57,75,037 equity shares of Rs 2 each on conversion of 34,854 USD 546,916,000 Step-up Convertible Bonds due July 2019 worth USD 34,854,000 at a conversion price of Rs 15.46 per equity share.
In the first such move of its kind, Jet Airways plans a foray into the air cargo business by leasing up to three Airbus A330-200F wide-body freighter aircraft from Etihad, its Abu Dhabi-based partner airline.
