Indian Stocks Face Mild Pressure Amid US Sanctions, Weak Asian Markets

The Indian stock market is expected to face mild pressure on Tuesday due to the US imposing fresh sanctions against Iran and weakness in Asian peers.

GIFT Nifty futures traded 57 points or 0.24 per cent lower at 24,154 as of 7:55 AM.

Hindustan Copper is one stock to watch today as the government plans to offload a 6 per cent stake in the company via an offer for sale, with the floor price set at ₹514 per equity share.

TCS's board has approved the acquisition of 100 per cent of MHP Management- und IT-Beratung GmbH (MHP) from Porsche AG for an enterprise value of €320 million.

Suzlon Energy plans to invest Rs 10,000 crore in Andhra Pradesh, including the development of 1,325 MW of new wind projects.