Stock Markets Live: SGX Nifty Indicates Positive Start; TCS, D-Mart, Vedanta In Focus

Good Morning!

Indian equity benchmarks continue to scale new peaks with the S&P BSE Sensex just 1,200 points away from the 50,000-mark. The index also registered its tenth straight weekly advance, its longest stretch since 2009.

The Nifty Bank index is just around 300 points from a new record high.

Futures are indicating a positive start to the new trading week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.35% to 14,427 as of 7:40 a.m.

Stocks like TCS and Avenue Supermarts will be reacting to their quarterly results today, while GNA Axles is the only known non-index name that will be reporting its results today.

The focus will also be on Vedanta after the promoter launched an open offer to acquire up to 10% stake in the company.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.