Check out the factors that are likely to impact the sentiment today, including the stocks that you need to keep a tab on.
The markets could make a higher opening today tracking firm global cues. Overnight, the S&P 500 snapped a five-day string of declines in a broad-based rally on Thursday, as Spain’s plans for economic reform eased some worries about one of the euro zone’s most troubled countries.
The benchmark S&P 500 rose 1 percent, its biggest percentage gain since the Federal Reserve announced its plan for a third round of stimulus on September 13.
Asian shares rose on Friday on hope economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances, in a move seen as an effort to pre-empt the likely conditions of international assistance.
The MSCI index of Asia-Pacific shares outside Japan was up 0.2 percent, after jumping on Thursday on a spike in Chinese shares as speculation for stimulus spread.
Japan’s Nikkei stock average opened up 0.4 percent after touching a two-week low the day before. At 705 am Indian Standard Time, the SGX Nifty was trading at 5,699 – up 17 points.
STOCKS TO WATCH
Power Grid Corporation of India would invest Rs 1,327.74 crore for strengthening two transmission systems in the Northern region.
LIC Housing Finance has hired five banks including Citigroup and HSBC for an institutional share sale to raise between $250 million and $270 million, three sources with direct knowledge of the matter said on Thursday.
Arvind Lifestyle Brands has acquired the business operations of British fashion retailers Debenhams, Next and American lifestyle brand Nautica in India from Planet Retail.
Aurobindo Pharma has received tentative approval from the US FDA for pioglitazone hydrochloride and metformin hydrocloride tablets in 15 mg (base)/500 mg and 15 mg (base)/850 mg strengths.
GMR group is going ahead with the commissioning of its two thermal power projects in Odisha and in Maharashtra from the next month.
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