New Delhi: Affected by the global market, the domestic stock market is expected to trade in the negative zone on Friday. Asian stock markets fell. Japan’s Nikkei Index fell 2.07%, South Korea’s KOSPI Index fell 0.43%, and the Shanghai Composite Index fell 0.41%. The trend of SGX Nifty also shows that the domestic market opened lower. Nifty futures on the Singapore Exchange, also known as SGX Nifty futures, fell 0.64% or 112.75 points to 17,455.50.
The benchmark BSE Sensex closed up 454.10 points or 0.78% to 58,795.09 on Thursday; while the broader NSE Nifty soared 121.20 points or 0.70% to close at 17,536.25.
Here are the stocks to watch during today’s meeting:
Tarsons products: The shares of the Indian laboratory equipment company will be listed on the stock exchange today. Tarsons Products’ initial public offering (IPO) received 77.49 subscriptions last week, which was mainly boosted by the strong interest shown by retail investors.
Reliance Industries: Reuters quoted sources as saying that due to valuation issues, RIL and Saudi Aramco have cancelled the state-owned oil giant’s acquisition of shares in the group’s petrochemical business. After the board of directors decided to implement a plan to transfer Gasification to a wholly-owned subsidiary, RIL’s stock price soared by more than 5% on Thursday.
Indian Petroleum: The state-owned oil marketing company has paid a dividend of Rs 2,424 crore to the government. As of this fiscal year, the center has received 20,222 crore dividends from various state-owned entities.
Potential view analysis: The data analysis company’s share price soared for the third consecutive trading day on Thursday, and broke the 700 rupees mark for the first time since its listing. Holders of potential view stocks purchased during the initial public offering (IPO) earned more than three times the earnings from the issue price of 197 rupees per share.
In addition, as Saudi Arabia announced that it will lift the travel ban on India and five other countries from December 1 this year, aviation stocks will become the focus.