Indian markets are likely to be steady on Tuesday while trends in SGX Nifty suggest a positive opening of Indian benchmark indices. Asian stocks edged higher tracking Wall Street gains on Tuesday as bond yields pulled back, easing concerns about inflation although investors are keeping a close eye on rising covid-19 cases in Europe. Tata group holding company has set up a team to explore value-unlocking opportunities in its financial services companies through stake sales to strategic and financial investors, according to Mint report. The group’s financial services units include Tata Capital Ltd and Tata Asset Management Ltd. The Supreme Court, on Tuesday, pronounced verdict on a batch of pleas by various trade associations, including from real estate and power sectors, seeking extension of loan moratorium and other reliefs in view of the covid-19 pandemic. A bench headed by Justice Ashok Bhushan which had reserved its verdict on the batch of pleas on 17 December, last year, will pronounce the judgement. Crude oil prices steadied after a sell-off, even as new European coronavirus lockdowns damped hopes of a quick recovery. Aluminum prices hit their highest since June 2018 as investors worried Chinese efforts to reduce smelter pollution would curb output.
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