Domestic stock indices are expected to trade higher on Friday, taking inspiration from their Asian counterparts. Asian stocks rose today, following an overnight rise in US markets. Japan’s Nikkei rose 0.73%, South Korea’s KOSPI jumped 2.18% and Hong Kong’s Hang Seng index climbed 1.43%.
Trends on SGX Nifty indicated a positive open for home markets. The Nifty Futures on Singapore Exchange, also known as SGX Nifty Futures, rose 52 points or 0.33% to 15,643.80.
The 30-share BSE Sensex jumped 443 points or 0.86% to close at 52,266 on Thursday, while the broader NSE Nifty was up 143 points or 0.93% to 15,557.
Here are the actions to watch for in today’s session:
MotoCorp Heroes: The two-wheeler maker said it would raise prices for motorcycles and scooters by up to 3,000 rupees from July 1 to partially offset ever-rising overall cost inflation, including raw material prices . Hero MotoCorp sells a range of models, ranging from entry-level HF100 with prices starting at Rs 51,450, while Xpulse 200 4V tagged at Rs 1.32 lakh (ex-showroom Delhi).
CGSB: ONGC Videsh Limited (OVL), a wholly-owned subsidiary and foreign branch of the government-owned Oil and Natural Gas Corporation Ltd (ONGC), has made an oil discovery in Colombia, the Ministry of Petroleum and Natural Gas has announced. The Company made an oil discovery in the recently drilled well, Urraca-IX, in Block CPO-5, Llanos Basin, Colombia.
Satellite TV: A Divisional Bench of the Bombay High Court dismissed the petition filed by the Dish TV promoter group company, seeking to prevent Yes Bank from voting at operator DTH’s extraordinary general meeting.
Tata engines: The automaker said it was investigating an “isolated thermal incident”, after video on social media showed the company’s electric car engulfed in flames.
Vodafone idea: The debt-ridden telecom operator has decided to defer payment of additional adjusted gross revenue of Rs 8,837 crore in dues from a four-year period. Vodafone Idea is jointly promoted by British Vodafone Group and Indian Aditya Birla Group.
Additionally, Delta Corp, Indiabulls Housing Finance, RBL Bank and Sun TV are four stocks in the F&O (Futures and Options) blackout period today.