Stock market today: SGX Nifty, on Friday around 8:30 am, was up 39 points or 22,306.5 points. The index hinted at a positive start for Dalal Street on February 23.The Nifty index is expected to open at a life high. Ahead of the market opening, take a look at stocks that are expected to keep the bourses buzzing:.
Stock market today: SGX Nifty, on Friday around 8:30 am, was up 39 points or 22,306.5 points. The index hinted at a positive start for Dalal Street on February 23.The Nifty index is expected to open at a life high.
In the previous trading session, one full of volatility, Nifty touched a lifetime high of 22,252.50. The index, at closing, was up 162.5 points or 0.74 per cent at 22,217.5. Sensex recorded a gain of 535.15 points or 0.74 percent, closing at 73,158.24.
Global cues remained positive on Friday. In the US stock market, in the latest session, the S&P 500 and Dow Jones Industrial Average both surged to record closing highs. The Nasdaq Composite notched its biggest single-session advance in a year and just missed a record finish, Reuters reported. Asian stocks have also extended gains on Friday. The bullish investor sentiment around the world in likely to reflect in the Indian markets as well.
Ahead of the market opening, take a look at stocks that are expected to keep the bourses buzzing:
- Vodafone-Idea: The telecom company announced that its board of directors will convene on February 27 to review proposals for raising funds through various methods, such as a rights issue, further public offer, private placement (including preferential allotment), qualified institution placement, or any other permissible mode.
- SpiceJet: The budget carrier announced on Thursday that it has raised an additional Rs 316 crore through a preferential issue, bringing the total funding raised to Rs 1,060 crore.
- Bank of Baroda: State-owned Bank of Baroda on February 22 said it has raised Rs 2,500 crore through bonds to fund business growth.
- Oil India: Oil India Limited (OIL) signed a Memorandum of Understanding (MoU) with state-owned Fertilisers and Chemicals Travancore Limited (FACT) to explore opportunities in the domain of Green Hydrogen.
- Larsen and Toubro: L&T Construction has bagged an order from a real-estate developer to construct multi-storeyed residential towers at Thane. The order’s value is between Rs 1,000-2,500 crore.
- Grasim Industries: Aditya Birla Group’s new paints business, Birla Opus, is eyeing Rs 10,000 crore gross revenue within 3 years of full-scale operations. Birla Opus is poised to transform the paint industry with a 40 per cent addition to current capacity, Aditya Birla Group Chairman Kumar Mangalam Birla said.