Markets are likely to continue its good run with more gains today as global peers advanced in US and Asia. At the domestic level, the host of policy changes and reform measures are also likely to boost sentiment.
US stocks gained ground Thursday, ahead of the European Central Bank's policy meet today. The Dow Jones surged 81 points while Nasdaq moved up 14 points in trades.
In Asia, markets gained on global cues, with investors worrying about slow global growth and awaiting fresh US economic data and a European Central Bank policy meeting later in the day. Nikkei, Hang Seng and Taiwan Weighted moved up smartly. At 700 hrs IST, the SGX Nifty traded at 5,842 - up 11 points.
STOCKS TO WATCH
Among individual stocks, Britannia Industries may be closing in on a deal to sell its six-acre prime real estate land in Bangalore for about Rs 550 crore by the year-end. This will bring the stock in focus today.
Government-owned Oil India Limited (OIL) and Indian Oil Corporation (IOC) have together acquired 30 per cent stake in producing US shale asset at an investment of $82.5 million (Rs 427 crore). This is the first shale acquisition by the two companies in the US. Shares of both companies will be in the limelight today.
Sun Pharma will be in focus after the board approved a proposal to raise up to Rs 8,000 crore through domestic or international offerings.
Explore Business Standard