Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 40 points at the opening bell.
The market jumped on Friday, 25 May 2018 on broad-based buying support. The barometer index, the S&P BSE Sensex, rose 261.76 points or 0.76% to settle at 34,924.87. The Nifty 50 index rose 91.30 points or 0.87% to settle at 10,605.15.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 768.29 crore on Friday, 25 May 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 887.76 crore on Friday, 25 May 2018, as per provisional data.
Among corporate news,shares of state-run oil marketing companies--BPCL, HPCL and Indian Oil Corporation--will be watched after petrol and diesel prices continued to rise for the 15th straight day as state-run oil marketers increased rates in line with crude oil prices.
The price of petrol was hiked by Rs 0.15 today, 28 May 2018, to Rs 86.08 a litre in Mumbai, while diesel was raised by Rs 0.11 to Rs 73.64 a litre.
On a consolidated basis, net profit after minority interest of Sun Pharmaceuticals Industries rose 10.35% to Rs 1528.99 crore on 1.67% decline in net sales to Rs 6711.01 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours on Friday, 25 May 2018.
On a consolidated basis, net profit of Tech Mahindra rose 33.15% to Rs 1230.80 crore on 3.58% rise in net sales to Rs 8054.50 crore in Q4 March 2018 over Q3 December 2017. The result was announced after market hours on Friday, 25 May 2018.
Overseas, Asian stocks were trading higher. US stocks fell on Friday, 25 May 2018 on lighter than normal volume.
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