Gold Silver Reports (GSR) – Stocks To Watch: Coal India, HCL Tech, InterGlobe Aviation, Indian Oil, RCom – The NSE Nifty 50 index rose 1.9 percent or 197 points, the most since May 26, 2016, to 10,325 and the S&P BSE Sensex surged 577.73 points or 1.75 percent to 33,596.80.
Indian equity benchmarks rebounded sharply from yesterday’s drop led by banking and metal shares after RBI raised growth outlook for 2018-19 while keeping rates unchanged and maintaining a neutral stance.
⭐ InterGlobe Aviation to not bid for Air India under current divestment plan.
⭐ Coal India sets Rs 9,500 crore capex target for FY19.
⭐ HCL Tech acquires life sciences and consumer services provider C3i solutions.
⭐ Reliance Communication hopes to cut debt by Rs 25,000 crore after Supreme Court allowed asset sale.
ndian equity benchmarks rebounded sharply from yesterday’s drop led by banking and metal shares after RBI raised growth outlook for 2018-19 while keeping rates unchanged and maintaining a neutral stance.
The NSE Nifty 50 index rose 1.9 percent or 197 points, the most since May 26, 2016, to 10,325 and the S&P BSE Sensex surged 577.73 points or 1.75 percent to 33,596.80.
Stocks To Watch Out For In Friday’s Trade
⭐ Sobha says new sales volume in fourth quarter up 40.4 percent at 10.15 lakh. square feet from 7.23 lakh square feet earlier. New sales value up 30 percent and price realisations down 7.5 percent.
⭐ InterGlobe Aviation to not bid for Air India under current divestment plan.
⭐ Coal India sets Rs 9,500 crore capex target for FY19.
⭐ Indian Oil acquires 17 percent stake in Mukhaizna oil field in Oman from Shell for $329 million.
⭐ Sona Koyo says promoter JTEKT Corp proposed to sell 35.14 lakh shares (1.8 percent) via an offer for sale at Rs 85 per share.
Indivior files patent lawsuits against Dr. Reddy’s, Actavis, Par, Alvogen and Teva.
⭐ Sagar Cements acquires two mini hydel power plants in Andhra Pradesh.
⭐ HCL Tech acquires life sciences and consumer services provider C3i solutions.
⭐ Majesco says Tier one specialty insurer has signed 3-year agreement for application management services with company.
⭐ Kridhan Infra wins order worth Rs 134 crore in Singapore.
⭐ Reliance Communication hopes to cut debt by Rs 25,000 crore after Supreme Court allowed asset sale.
F&O Setup
⭐ Nifty April futures closed trading at 10,352 with a premium of 27 points versus 18 points.
⭐ April series: Nifty open interest down 3 percent, Bank Nifty open interest down 12 percent.
⭐ India VIX ended at 14.7, down 9.4 percent.
⭐ Max open interest for April series at 11,000 call strike (open interest at 37.7 lakh, down 2.4 percent).
⭐ Max open interest for April series at 10,000 Put (open interest at 48.5 lakh, up 10 percent).
