According to the technical analysts, if Nifty 50 index gets previous 14250 levels, then it may possibly additional move to 14350-14400 levels.
Nifty futures had been trading 32.50 points up at 14,287.50 on Singaporean Exchange, suggesting a gap-up start off for BSE Sensex and Nifty 50 on Friday. Asian markets had been noticed trading largely greater following an overnight rally on Wall Street. Indian share markets could take cues from international markets today. According to the technical analysts, if Nifty 50 index gets previous 14250 levels, then it may possibly additional move to 14350-14400 levels. Besides, the government projected India’s economy to contract by 7.7 per cent in FY21, as per the 1st advance estimates of gross domestic solution (GDP) released by the National Statistical Office (NSO) on Thursday.
Stocks in concentrate today:
Tata Consultancy Services: IT bellwether TCS is set to announce its October-December quarter earnings later in the day today. The organization lately concluded its Rs 16,000-crore buyback supply, exactly where Tata Sons tendered shares worth Rs 10,000 crore of Tata Consultancy Services.
Vodafone Idea: After Bharti Airtel, now Vodafone Idea also moved to the Supreme Court in search of modification of its order so that the division of telecommunications (DoT) can take into account its submissions relating to arithmetical errors in the calculations relating to its adjusted gross income (AGR) dues.
State Bank of India: SBIon Thursday raised $600 million via bonds issued to international investors at a coupon of 1.8 per cent, which is the lowest pricing for such an situation.
Tata Power: Tata Power informed that it has acquired 51 per cent equity stake every in TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL) for a consideration of Rs 127.50 crore and Rs 255 crore, respectively. In yet another improvement, the organization has received a Letter of Award from Kerala State Electricity Board Limited (KSEBL) to create a 110 MW solar project.
Biocon: The organization informed that the board of its subsidiary Biocon Biologics Ltd has authorized a major equity investment by Abu Dhabi primarily based ADQ. As per the terms of the proposed agreement, ADQ will invest Rs 555 crore for a 1.80 per cent minority stake in the biosimilar business enterprise, valuing Biocon Biologics at a post income valuation of $4.17 billion.