Stocks to Watch Today: The BSE Sensex and the NSE Nifty are likely to start trade for the week on a tepid note amid mixed global cues, with focus largely on the upcoming RBI policy meet on Wednesday. As of 07:10 AM, the SGX Nifty futures quoted at 16,510 as against the spot Nifty close of 16,584 on Friday.
According to a poll conducted by Business Standard, a majority of the participants expect the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) to raise the policy rate, or the repo rate, by 50 bps to 4.9 per cent this week. READ MORE
Meanwhile, these are the stocks that are likely to see some action in trades on Monday.
JSW Steel: The fate of JSW Steel’s businesses in Italy largely depends on contracts from Italian railway authorities, a senior company official said. The parent company has so far failed to revive the Italian company it acquired in 2018, and rising raw material cost and…