Pre-markets: Sensex, Nifty set for gap up opening on firm global cues; Equitas Holdings, V-Guard among 5 stocks in focus today
The BSE Sensex and NSE Nifty are likely to open in green on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.
At 7.51 am (IST), SGX Nifty was up 57.50 points, or 0.70 per cent, at 8211.50.
Asian shares rose on Friday, but remained on track for weekly losses in a week dominated by fears that British voters will opt to leave the European Union in next week’s referendum.
Wall Street marked gains overnight, with the benchmark S&P 500 index erasing sharp losses to snap a five-day losing streak.
Back home, after a day’s breather, the Sensex resumed its downward spiral by taking a hit of 201 points to 26,525.46, tracking a global sell-off as Bank of Japan refrained from adding more stimulus and the Fed lowered its growth forecast for the US economy.
Stocks in focus
Reserve Bank on Thursday allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit.
International Finance Corporation is looking to invest up to $75 million (around Rs 500 crore) in Glenmark Pharmaceuticals, which is planning to raise $200 million to reduce debt and expand operations.
Alstom T&D India said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement.
Microfinance lender Equitas Holdings on Thursday said it has received approval from Madras High Court to amalgamate its subsidiaries so as to set up small finance bank.
V-Guard Industries has informed BSE that the Board of Directors of the company at its meeting held on June 16, 2016, considered and approved the proposal for splitting of equity shares of the company, subject to the approval of the shareholders in respect thereof, in the 20th Annual General Meeting of the Company.