Indian benchmark indices are likely to open higher on Friday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Markets across Asia were trading mixed as investors remained cautious ahead of policy decisions from central banks in the US, UK and European Union later this week.
SGX Nifty is trading up by 27 points.
Sensex, Nifty rose significantly on Friday as unabated buying by retail and domestic institutional investors and a firm trend in the other Asian markets, which rallied for a second straight session, influenced sentiments.
Asian markets are trading in the green with Shanghai Composite, up 0.14%, Hang Seng up 0.35% while Nikkei is trading 0.04% higher.
US Markets: In Friday’s trade, Dow and the S&P 500 managed to end at record closing highs, All the major averages ended the day firmly in positive territory.
European markets ended in the green on Friday with FTSE up 0.99%, CAC up 0.28% and DAX ended 0.83% higher.
Major Headlines of the day:
Aegis Logistics (Q2 YoY)
Net profit up 108 percent at Rs 52 cr
Ebitda up 46 percent at Rs 67 cr
Revenue up 84 percent at Rs 1,241 cr.
Ultratech to set up Rs1,850 cr cement plant in Rajasthan. With this expansion Ultratech will have a foot print across the country with 50 plant location.
Trade unions to make case for Coal India Ltd's two to three lakh contract workers’ wage hike in the range of 15-20%.
IL&FS Engineering wins 216 cr pipeline laying contract from GAIL.
Both civil and criminal action was being initiated against the Fortis hospital in Gurgaon in connection with the death of a 7-year-old dengue patient.
The Delhi government on Friday cancelled the licence of Max Hospital, after one of the premature twins born on November 30 and declared dead was found alive.
Trend in FII flows: The FIIs were Net Value of Rs -675.16 the cash segment on Friday while the DIIs were Net Value of Rs 1243 as per the provisional figures.
Securities in Ban For Trade Date 11-DEC-2017: