Explore Now
Nifty futures on the Singapore Exchange traded 179 points, or 1.23 per cent, higher at 14,686.50, signalling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in today s trade:
L&T, DRL and Cipla: Larsen & Toubro, Dr. Reddy s Laboratories Cipla, Balkrishna Industries, Macrotech Developers, Aditya Birla Capital,
Oberoi Realty, Escorts, SKF India and Cholamandalam Finance Holdings are among companies that will announce their March quarter results today.
Vedanta: Anil Agarwal s metal and mining firm reported a consolidated profit of Rs 6,432 crore for March quarter 2020-21 on the back of various factors, including better volumes and lower cost of production. It had posted a loss of Rs 12,521 crore in the year-ago period.
A rebound in US stocks following a three-day rout and easing of US bond yields and inflationary concerns may give domestic stocks a positive start on Friday. Upbeat sentiment in other Asian markets, and back home, data showing an improvement in factory output and fall in retail inflation may help stocks log gains.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 172.5 points, or 1.19 per cent, higher at 14,680, signaling that Dalal Street was headed for a positive start on Friday.
Tech view: Nifty resistance at 15,000-15,050
Nifty on Wednesday fell below the 14,700 level, and in the process breached a few crucial supports, including the 50-day moving average. The index ended up forming a Bearish Belt Hold pattern, which suggested bear domination over the bulls. Analysts said the next support for the index lies in the 14,620-14,600 range. They continue to see resistance for the index in the 15,000-15,050 zone.