Indian pedestrians walk past share prices board outside the Bombay Stock Exchange (BSE) building in Mumbai on June 21, 2010. Indian markets rose 1.74 percent intraday on June 21 afternoon, as regional markets gained on China's announcement at the weekend that it would make its currency more flexible, with the yuan hitting a five-year high against the dollar. The benchmark 30 share Sensex was quoting up 306.32 points at 17,877.14, a two month high. Metal, commodity, banking and property stocks were main gainers. AFP PHOTO/ Punit PARANJPE | Photo Credit: PUNIT PARANJPE
The Indian equity markets are expected to open on a positive note on Friday, thanks to bullish global cues. The SGX Nifty is ruling at 14,269.50, over 75 points higher than Thursday’s Nifty futures close of 14,204 at NSE.
US stocks closed at a record high on expectations that a Democratic Party-controlled Congress will deliver more stimulus spending.
The focus will shift to stock specific action with the Q3 results season beginning, with IT bellwether TCS declaring its results.
Stocks in focus
Hindustan Construction has defaulted on Rs 1,770 crore of loans as of December 31. The stock may come under selling pressure.
Jain Irrigation is seeking to pare its debt by restructuring a $200-million bond.
NHPC has said the NCLT has approved its resolution plan for Jalpower Corp.
Tata Power has bought a 51 per cent stake each in TP Southern and TP Western Odisha for Rs 383 crore.
Published on January 8, 2021
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