Nifty futures have been trading 70 points or .45 per cent up at 15,762.50 on Singaporean Exchange, suggesting a positive opening for BSE Sensex and Nifty on Friday. Market participants will watch stock-particular actions, foreign fund flow, movement in rupee, crude oil costs and other worldwide cues. Analysts think that Nifty/Sensex could attain fresh levels on Friday if the indices do not close under the levels of 15550/51700. “On an immediate basis, 15770/52500 and 15850/52700 levels would be major hurdles. Below the levels of 15550/51700, the Nifty/Sensex would gradually fall to 15400/51300 or in the worst-case scenario 15300/51000,” Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities.
Stocks in focus
Ashoka Buildcon, GMR Infra: A total of 52 BSE-listed organizations such as Ashoka Buildcon, Archidply Industries, Balaji Telefilms, BC Power Controls, Gujarat Fluorochemicals, GMR Infrastructure, Hinduja Global Solutions, Insecticides (India), Jubilant Industries, PSP Projects, SMS Lifesciences, and Welspun Specialty Solutions, are scheduled to announce their January-March quarter earning on June18.
Coal India: Coal India (CIL) will get started generating coal bed methane (CBM) from its lease hold location below Bharat Coking Coal ( BCCL) in Jharkhand. This is the initially time the coal miner is generating gas from coal seams, as element of its diversification plans to generate clean power from coal. CBM extraction will avert releasing gas into atmosphere although mining coal.
HDFC Bank: HDFC Bank is hoping the Reserve Bank of India (RBI) will lift restrictions on onboarding new buyers. The country’s biggest private lender mentioned on Thursday it was awaiting directions from the regulator on the short-term halt on sourcing of new credit card buyers and digital launches.
RIL: Reliance Industries Limited has began rolling out JioFiber postpaid broadband net plans in India. The plans have been introduced at a beginning price tag of Rs 399 per month which is relatively aggressive for what’s on give. Jio is providing six-month (semi-annual) and 12-month (annual) solutions.
Power Grid Corporation: Power Grid Corporation of India posted more than six per cent rise in its consolidated net profit to Rs 3,526.23 crore for the March 2021 quarter.