Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others
- At 8:45 am, SGX Nifty was up by 40 points, or 0.29%.
- Here’s a list of stocks to watch for in trade today.
- Check out the latest news and updates on Business Insider.
At 8:45 am, SGX Nifty was up by 40 points, or 0.29%, suggesting that the Indian stock exchanges could have a positive start to the day. US stocks had a mixed response to the Trump administration’s proposal to increase stimulus relief cheques from $600 to $2,000. The Dow Jones closed up by 0.38%, while S&P 500 was barely in the green, up by 0.07%.
These are the stocks to watch out for during the trading session today:
Mrs Bectors Food Specialties
Reliance Industries’ telecom arm Jio added 2.23 million subscribers in October, picking up the slack when compared to its performance in the month before – it added only 1.46 million subscribers during September.
Vodafone Idea’s troubles continue to mount as it continued to hemorrhage subscribers in October – it lost 2.66 million subscribers in October as compared to 4.65 million in September.
InterGlobe Aviation’s IndiGo may start rehiring slowly in the next three months as capacity rebuilds. The company’s CEO Ronojoy Dutta said “Doom and gloom is off the table and we are recovering pretty nicely, especially domestically,” in an interview with Bloomberg Television.
However, in a statement to the bourses, Future Retail said that the Delhi High Court verdict is a green light for the deal with Ambani-owned retail giant and that it will follow the direction of the Indian court, not the Singapore court which had sought to stop the deal process from proceeding further.
The Indian government extended anti-dumping duty on phenol imports from South Africa for 5 years. Deepak Nitrite has the largest phenol plant in the country.
The Maharashtra government has agreed to reduce excise license charges for restaurants by up to 50%, in addition to waiving off the 15% hike in excise renewal fee for the current financial year ending March 2021.
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