Stocks to Watch Today: Axis Bank, Canara Bank, NBCC

The domestic stock markets are likely to open in the negative, after extending a record-breaking rally for the third straight session on Monday, going by indications from SGX Nifty trading. Trends on SGX Nifty indicate a negative opening for the index in India, with a loss of 48 points. At 8:00 am, the Nifty futures were trading at 13,406, lower by 48.50 points or 0.36 per cent on the Singapore Stock Exchange.

Axis Bank: 

Axis Bank shares are likely to be in the limelight as the credit rating agency Fitch Ratings has re-affirmed the Long-Term Issuer Default Rating (IDR) of the private sector bank as BB+ with negative outlook and its viability rating (VR) at ”bb”.

Canara Bank shares may witness buying interest after the state-owned lender set a floor price of ₹ 103.50 per share for its qualified institutional placement (QIP). The bank had received shareholders’ nod at its annual general meeting held in August for raising up to ₹ 2,000 crore through QIP.

NBCC

National Buildings Construction Corporation (NBCC) counter may see come action after the state-owned construction company said that it bagged contracts worth ₹ 325 crore last month.

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