New Delhi: Thursday’s domestic stock market is expected to trade cautiously, with clues from the global market. Asian stocks fell on Thursday as the US dollar continued to rise as investors bet that US interest rates would rise more rapidly than other major economies such as Japan and the Eurozone. The SGX Nifty trend shows that the domestic market opening is slightly higher. Nifty futures on the Stock Exchange of Singapore, also known as SGX Nifty futures, rose to 17,431.80 at 0.09 percent or 15.75 points.
Benchmark BSE Sensex settled on Wednesday at 323.34 points or 0.55% lower at 58,340.99. Meanwhile, the broader NSE Nifty closed at 17,415.05, down 88.30 points (0.5%).
Here are some of the stocks to watch during today’s session:
Coal India: Coal India Ltd states that it will be able to invest Rs 40,000-50,000 as a capital investment over the next 4-5 years. CIL Chairman Pramod Agrawal said capital spending of Rs 17,000 this year is on track.
IOB: The Bank of India and the Central Bank of India have notified the stock exchange that there is no reported information on lender privatization. The Center will introduce the Banking Act (Amendment) Bill 2021 at the Winter Parliament.
Grasim Industries: Life Insurance Corporation (LIC) of India sold its 2.02% stake through open market transactions, reducing its stake from its previous 11.85% to 9.83%.
Future retail: Amazon.com Inc has requested the Supreme Court to suspend the expedited review of allegations of hiding information while a U.S. company is seeking approval of a 2019 antitrust law for transactions with Future Group. , News agency Reuters reported citing legal documents.
Cadila Healthcare: Pharmaceutical giant Cadila has signed a contract with South Korea’s Enzychem Lifesciences for a plasmid DNA vaccine to prevent Covid-19.