BSE, NSE likely to open strong; key stocks to watch

BSE Sensex and NSE Nifty are likely to continue on their strong upward momentum in opening trade on Tuesday. 

BSE Sensex on Monday closed up 0.68%, at 28,66158 points while NSE Nifty saw a 57.50 points rise to close at 8,879.20 points. 

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Key stocks to watch: 

Tata Consultancy Services: TCS on Monday said that the company will spend Rs 16,000 crore to buyback 2.85% equity shares at Rs 2850 per share. Shares of the company gained on Monday in anticipation of the news. 

Ambuja Cements: The company reported better than expected net profit for the quarter ended December 31, 2016. 

Infosys: Vishal Sikka, CEO and MD of the IT major has refuted claims made by a whistle-blower. He said that malicious stories are being spread to target him. 

ONGC Ltd: The state-owned oil major has settled tax dispute with Gujarat Government. ONGC's foreign arm OVL has sent out RFP to raise loan to refinance an acquisition. 

Siemens: The company has gained a contract worth Rs 287 crore to set up signalling systems for Nagpur Metro. 

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