Sensex, Nifty to open steady; HDFC AMC, SBI, Telecom stocks in focus
Episode 387, Dec 05, 2019, 02:27 AM
Indian markets are likely to open steady on Thursday ahead of the announcement of the Reserve Bank of India’s bi-monthly monetary policy later in the day.The central bank is expected to cut key repo rate by 25 basis points. At 7:15 am, the SGX Nifty was trading 10 points or 0.08 percent lower at 12,084.50, indicating a mildly negative start for the Sensex and Nifty50. Among the stocks in the news today, SBI approved selling 8.25 percent stake in UTI AMC while Bharti Airtel approved raising of $3 billion. Stocks To Watch Today: Telecom, HDFC AMC, ICICI Bank, SBI among others