Indian stock markets have opened the day on a strong note on Friday on positive global cues. The BSE Sensex surged 377.48 points to 33,483.30, while the NSE Nifty50 gained 117.75 points to 10,332.50 at 10:45 hours. The markets are risen higher by the banking stocks, which rose by 1.7% on back of Moody’s report on upgrade of Indian Govt bond rating. Punjab National Bank, ICICI Bank, Bank of Baroda, State Bank of India were gaining in the morning hours.
Following companies, among others, will be in focus today during trade based on recent and latest news developments.
FMCG companies’ stocks in focus today as the govt has approved setting up of the proposed National Anti-profiteering Authority under GST to ensure consumers get the advantage of lower taxes under the new indirect tax implementation.
Bank of Baroda: BoB said the Finance Committee of the board will meet next week to consider approving its proposal to raise Rs. 6,000 crore via Qualified Institutional placement or rights issue.