Indian benchmark indices are expected to open higher on Friday, tracking firm cues from Asian markets. Positive trading at Singapore Nifty futures also indicated a positive start at Dalal Street. At 8:15 AM, the Nifty futures were trading 122.50 points or 0.85 per cent higher at 14,569.50 on the Singapore Stock Exchange. Among the individual stocks, Suryoday Small Finance Bank, Kalyan Jewellers will be in focus as they will stock market debut today.
On Thursday, Indian benchmark indices lower for the second straight session amid board-based selling as futures and options (F&O) monthly contracts expire today. The S&P BSE Sensex ended 740 points or 1.51 per cent lower at 48,440, and NSE Nifty 50 index fell 224.5 points or 1.54 per cent to settle at 14,324. The broader markets also witnessed bloodbath, with midcap and smallcap indices declining 2.19 per cent and 1.81 per cent, respectively. All sectoral indices ended in red, with auto and oil and gas stocks emerging as top losers, falling 2.7 per cent, each. Out of 30 stocks on BSE Sensex pack, only Dr. Reddy, HDFC, ICICI Bank and L&T ended in green, while remaining 26 shares ended lower. Maruti Suzuki, Bharti Airtel, Reliance Industries, HUL, Bajaj Finance, ONGC, NTPC, Ultratech Cement were among the top laggards. Positive cues from global markets failed to cheered market as spike in COVID cases and worries over lockdowns in several cities dampened investor sentiment. On the global front, Asian markets ended mostly higher while European markets too opened on a positive note.
Check live updates of Sensex and Nifty trading today:
8:35 am: FIIs investment trend
The foreign institutional investors (FIIs) remained net seller in equity market, but turned net seller in debt segment on Friday. The net investment of equity and debt reported were Rs -1609.77 crore and Rs 2014.68 crore.
8:30 am: Asian markets trade higher on positive cues from US markets
Asian markets were trading higher, tracking strong cues from the US stocks which settled higher on Thursday. The China's Shanghai Composite was up 0.85 per cent, while the Hang Seng was trading 0.83 per cent higher. The Japan's Nikkei 225 was closed today.
8:25 am: US stocks ended higher
In the overnight trade, Wall Street ended in green amid, paring early losses. The Dow Jones Industrial Average ended up 0.62 per cent at 33,015 points, while the S&P 500 rose 0.52 per cent to 3,974. The Nasdaq Composite added 0.12 per cent to 13,525.
8:20 am: Stocks in focus
Shares of Reliance Industries, Suryoday Small Finance Bank, Kalyan Jewellers, Edelweiss Financial Services, DLF, Shriram Transport Finance, Moneyboxx Finance will be in focus in today's trade.
8:15 am: Positive trading at SGX Nifty indicates gap up opening for Sensex, Nifty
Indian benchmark indices are expected to open higher on Friday, tracking firm cues from Asian markets. Positive trading at Singapore Nifty futures also indicated a positive start at Dalal Street. At 8:15 AM, the Nifty futures were trading 122.50 points or 0.85 per cent higher at 14,569.50 on the Singapore Stock Exchange.
On Thursday, Indian benchmark indices lower for the second straight session amid board-based selling as futures and options (F&O) monthly contracts expire today. The S&P BSE Sensex ended 740 points or 1.51 per cent lower at 48,440, and NSE Nifty 50 index fell 224.5 points or 1.54 per cent to settle at 14,324.