Stocks to watch out for on Friday
The Indian equity markets are likely to open the last trading session of the week on an optimistic note following positive cues from the Asian peers and strong close on Wall Street in overnight trade.
Following are the important stocks to watch out for in Friday’s trading session:
Future Retail: The company is ready to acquire Hypercity for Rs 655 crore in a cash-and-stock deal.
Ramky Infrastructure: Extraordinary general meeting of the company on October 30 to consider convertible warrants to promoters and non-promoters like Aadi Financial.
IDFC Bank: The bank and Shriram group extended exclusivity pact till November 8.
Pheonix Mills: The company bought additional 1.8 acres land in Pune for Rs 21.25 crore.
Bank of Baroda: The bank has cuts MCLR by 5 basis points from October 7.
Suzlon: The company has said that the banks are afraid of funding renewable projects with tariff below Rs 3/KwH, reported a leading news agency.
Major benchmark indices, Nifty and Sensex closed lower by 26 points or 0.26% at 9,888 level and 79 points or 0.25% at 31,592 level.
There were 933 advances, 706 declines and 325 unchanged stocks on NSE indicating positive breadth floating in the market. India VIX ended lower by 1.52% at 11.62 level.