India’s Gross Domestic Product (GDP) grew at 7.6 per cent in the September quarter much ahead of RBI’s projection of 6.5 per cent.
At 07:20 AM, Gift Nifty futures quoted at 20,330, suggesting a gap-up of 50-odd points on the Nifty50.
Overnight, the US market ended mixed, with Dow Jones up 1.5 per cent, and Nasdaq in red, albeit off the day’s low owing to stock specific actions. Tonight, the focus will be on manufacturing and construction data along with the US Fed chair Jerome Powell speech.
Nearer home, among the markets in Asia – Kospi had slipped nearly a per cent. Nikkei and Taiwan too were marginally in red.
Meanwhile, here are the stocks that are likely to be in focus on Friday.
Flair Writing Industries: The stock will make its debut on the bourses today, and grey market premium suggests a listing gain of up to 25 per cent. The company’s IPO received strong response and was subscribed 49.3 times.
Also Read : India home prices to outstrip inflation, driven by high end of market: Poll
Defence stocks: According to reports the government has approved defence acquisition projects worth Rs 2.23 trillion.
Whirlpool: The American parent company plans to sell up to 24 per cent stake in its Indian arm, Whirlpool of India, next year to raise funds to reduce debt.
Tata Coffee: Board has approved capacity expansion of its Vietnam-based wholly-owned subsidiary firm at an investment of Rs 450 crore.
PVR Inox: Plans to open 150 new screens in the next fiscal with an investment of about Rs 500 crore, a top company official said. The firm presently runs 118 screens across 23 properties.
H G Infra Engineering: The company’s arm has bagged Rs 1,303.11 crore order from the National Highways Authority of India for construction of the Greenfield Varanasi-Ranchi-Kolkata highway.
ITD Cementation: Won Rs 1,001 crore contract for civil and hydro-mechanical work in Andhra Pradesh.