Nifty futures were trading 70 points or 0.45 per cent up at 15,762.50 on Singaporean Exchange, suggesting a positive opening for BSE Sensex and Nifty
Analysts believe that Nifty/Sensex could reach fresh levels on Friday if the indices don't close below the levels of 15550/51700.Nifty futures were trading 70 points or 0.45 per cent up at 15,762.50 on Singaporean Exchange, suggesting a positive opening for BSE Sensex and Nifty on Friday. Market participants will watch stock-specific actions, foreign fund flow, movement in rupee, crude oil prices and other global cues. Analysts believe that Nifty/Sensex could reach fresh levels on Friday if the indices don’t close below the levels of 15550/51700. “On an immediate basis, 15770/52500 and 15850/52700 levels would be major hurdles. Below the levels of 15550/51700, the Nifty/Sensex would gradually fall to 15400/51300 or in the worst-case scenario 15300/51000,” Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities.
Stocks in focus
Ashoka Buildcon, GMR Infra: A total of 52 BSE-listed companies such as Ashoka Buildcon, Archidply Industries, Balaji Telefilms, BC Power Controls, Gujarat Fluorochemicals, GMR Infrastructure, Hinduja Global Solutions, Insecticides (India), Jubilant Industries, PSP Projects, SMS Lifesciences, and Welspun Specialty Solutions, are scheduled to announce their January-March quarter earning on June18.
Power Grid Corporation: Power Grid Corporation of India posted over six per cent rise in its consolidated net profit to Rs 3,526.23 crore for the March 2021 quarter.
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