Sensex Above 34K; Infosys, Bharti Airtel PSU Banks & Other Top Cues To Sway The Market Today

Indian share markets finished at fresh life-time highs on the last trading day of 2017, capping off a remarkable year which saw the benchmark surging by 28%.

At the closing bell last week, the BSE Sensex closed higher by 209 points and the NSE Nifty finished higher by 53 points. The S&P BSE Mid Cap finished up by 0.7% while S&P BSE Small Cap finished up by 0.6%. Gains were largely seen in power sector, auto sector and software sector.

Top Stocks to Watch Out

Biocon share price is expected to be in limelight today after the company's proposed biosimilar trastuzumab has been approved by Brazilian regulatory agency ANVISA, through their partner Libbs Farmaceutica. Biosimilar trastuzumab, indicated for breast cancer treatment, has been co-developed by Biocon and Mylan.

Infosys share price is expected to see some action today after it was reported that the company will divest its entire investment in ANSR Consulting Holdings, Inc, for a total amount of US$1 million.

In news from telecom sector, as per an article in The Economic Times, Bharti Airtel is set to enter into a deal with Amazon that will allow India's top telecom market leader to distribute the American ecommerce giant's through the Airtel TV app. Through the content tie-up, Bharti Airtel is aiming to ring-fence its high-paying customers in an intensely competitive market.

Shriram Transport Finance share price is expected to see some action today as after it was reported that the company has raised Rs 4 billion by issuing bonds on private placement basis.

As per a leading financial daily, the government has provided over Rs 75 billion fresh equity to six stressed state-run banks to help them meet the prescribed regulatory capital requirement and state its commitment to keep banks well-funded. Bank of India, IDBI Bank, Uco Bank, Bank of Maharashtra, Dena Bank and Central Bank of India have received equity through preferential issue of shares with two of them informing stock exchanges about the decision.

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