Markets are likely to open in the green following strong global cues.
US stocks extended their gains on Wednesday, with the Dow and S&P up 2-3%, after lawmakers agreed a deal to avoid massive tax hikes and spending cuts that had threatened to hurt economic growth.
In Asia, markets gained in line with their US peers. Nikkei and Straits Times went up 1% each. At 700 hrs IST, the SGX Nifty was
trading up 89 points at 6,041.
In individual stocks, keep a ookout for Nalco. NPCIL- Nalco Power Company Limited — a joint venture between Nalco and NPCIL to set
up nuclear plants —will raise a term loan of up to Rs 1,500 crore over the next three months to fund the construction of power
generation capacities.
Reliance Power today announced it has commissioned the second 300 Megawatt unit of its Butibori power plant at Nagpur in Maharashtra.
Also look out for Reliance and ONGC as top listed firms will have to shell out hundreds of crores each in social sector initiatives if the
new companies bill takes effect. The bill has been passed by Lok Sabha and is likely to be tabled in Rajya Sabha in the Budget Session.
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