Domestic stock markets are likely to open slightly higher on the back of positive indications in Asian markets. Asian markets were firm in early trade, with Hong Cheng and Nikkei up 1 percent each, and the Shanghai Composite up 0.5 percent. The trends of the SGX Nifty mark a positive start for the markets to return home. At 7:30 am, the Nifty futures traded up 35 points, or 0.2 percent, at 17,906.50 on the Singapore Stock Exchange.
On Friday, the BSE Sensex was up 381.23 points at 60,059.06 and the NSE Nifty was up 104.90 points at 17,895.20.
Stocks to watch in today’s session trading
Reliance New Energy Solar Limited (RNESL), a division of Reliance Industries, acquires 40% of Sterling & Wilson Solar (SWSL) as part of its clean-energy ambitions.
TCS reported higher consolidated profit of Rs 9,624 crore for the quarter ended September 2021, up from Rs 8,433 crore in Q2FY21. 40,135 crore to Rs. 46,867 crore.
For the quarter ended September, Vakrangi’s net profit grew by 100.90 per cent to Rs 26.74 crore. During the period under review, sales increased by 195.02 per cent to Rs. 207.19 crore.
Gland Pharma has received tentative approval from the US FDA for a single-dose vial of the Sukammatex injection, which is used to modify the effects of the muscle relaxants rocronium bromide and veconium bromide given to patients during surgery.