Sensex and Nifty are likely to open higher on Monday as most of the Asian shares hit 10-year highs in the early trade following the Wall Street rally on Friday. The early indicator of NSE Nifty 50 — SGX Nifty Futures was trading 0.56% higher at 10,150.5 points on the Singap0re Stock Exchange. Stock market sentiment this week will be largely guided by geopolitical developments in the Korean peninsula and the outcome of the US Federal Reserve meeting.
These stocks will be in focus today
Bharti Airtel: Airtel Payments Bank today said it has started Unified Payments Interface (UPI) based system on its digital platform, enabling its customers to transfer money to any bank account without paying any transaction fee. It has become first payments bank to integrate UPI system on its digital platform.
ITC: Diversified firm ITC plans to open 40 new hotels, adding around 5,000 rooms over a period of time, as part of the strategy to strengthen its hospitality business.
Allahabad Bank: The board of state-owned Allahabad Bank will meet on Wednesday to consider a draft scheme of amalgamation of its wholly-owned subsidiary AllBank Finance.
SAIL: State-owned SAIL said it has supplied 80 per cent steel required for the construction of Sardar Sarovar Project, inaugurated by Prime Minister Narendra Modi.
HPCL: State-owned oil marketer HPCL has drawn up investment plans of Rs 7110 crore for business growth in the current fiscal. The company, which is being merged with exploration giant ONGC, has also planned capex of Rs 61,000 crore for capacity expansion over the next five years.
GAIL India: State-run gas utility GAIL India Ltd has chartered an LNG tanker from French major Total SA for three years to haul gas from the US beginning early 2018.
IPO update: Dixon Technologies and Bharat Road Network, which have concluded their initial public offers (IPOs) recently, will make their stock market debut today.
Oil Minister Dharmendra Pradhan said he has requested the Ministry of Finance to bring petroleum products under the ambit of Goods and Services Tax (GST) in the interest of consumers.
Shell companies: Markets regulator Sebi will update its board tomorrow on the action being taken against suspected shell companies allegedly abetting routing of illicit funds through stock markets.
Indian Rupee on Friday: The rupee staged a mild recovery by gaining 4 paise to close at 64.08 a dollar.
Indian markets on Friday
The BSE benchmark edged higher by 0.10 per cent to close at 32,272.61 in a volatile trade as gains in IT, auto, oil and banking stocks helped it extend winning streak for a seventh day amid lingering worries about North Korea. The 50-share NSE Nifty, however, ended down 0.01 per cent, at 10,085.40 after hovering between 10,043.65 and 10,115.15 on alternate bouts of buying and selling.
US markets on Friday
Wall Street reached record highs on Friday, with the S&P 500 surpassing 2,500 points as telecommunications shares rose and technology bounced back after two days of declines. The Dow Jones Industrial Average rose 0.29 percent to end at 22,268.34 points, while the S&P 500 gained 0.18 percent to 2,500.23, records for both. The Nasdaq Composite added 0.3 percent to 6,448.47.