- Indian stock markets are likely to open higher following the uptrend in the US markets overnight. The early indicator of NSE Nifty — SGX Nifty Futures — was trading 0.34% higher at 10,350 on the Singapore Stock Exchange.
These stocks are expected to be in focus today,
- Edelweiss Financial Services: Reasons- Edelweiss Financial Services said it has raised Rs 1,528 crore through Qualified Institutions Placement (QIP) to fund expansion.
- Videocon Industries: Reasons- Videocon Industries reported widening of standalone net loss to Rs 885.82 crore for the three months ended June this year. The group had a net loss of Rs 368.75 crore in the year-ago period, it said in a regulatory filing.
- Reliance Communications:Reasons-Lenders of debt-ridden Reliance Communications have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield.
- Logistics stocks:Reasons-The logistics sector has been granted infrastructure status which will help it access loans on easier terms, encourage manufacturing in the country and help improve economic growth.
- NBCC: Reasons-State-owned NBCC said it has awarded contract worth Rs 524 crore to Simplex Infrastructures for construction of various buildings of IIT Bhubaneswar.
- The Indian rupee:Reasons- The rupee retreated from its near one-week high and ended lower by 10 paise at 65.11 against the US dollar.
- Further :GDP growth rate is due on 30 November and RBI policy in the first week of December. BSE Sensex gained 17.1 points or 0.05% to end at 33,359.9 while NSE Nifty added 15.15 points or 0.15% to finish at 10,298.75.
