GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 83 points or 0.35% lower at 23,921 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 closed the session 247 points or 1.02% lower at 23,952, while the BSE Sensex fell 964 points or 1.20% to close at 79,218.
Stocks to watch on December 20, 2024
Nestle India
Also Read Stocks To Watch: NHPC, Infosys, InterGlobe Aviation, IndusInd Bank, Welspun Corp, Punjab and Sind Bank, Piramal Enterprises, Shriram Finance Stocks To Watch: NHPC, Reliance Power, Ambuja Cements, Exide Industries, REC, Jindal Saw, Pfizer, Granules India Stocks To Watch: Tata Power, Godrej Consumer Products, Welspun Corp, Suven Pharma, Delta Corp, Paytm, Easy Trip Planners Stocks To Watch: Swiggy, Reliance Ind, Aurobindo Pharma, Lupin, Bharat Forge, Afcons Infra, RITES, Lemon Tree Hotels
Nestle India has clarified that the suspension of the most favoured nation (MFN) clause granted to India by Switzerland will not affect its operations. The company described the development as a “policy issue” between the two governments and not specific to Nestle.
JSW Infrastructure
JSW Infrastructure, India’s second-largest private port operator, has outlined an ambitious capital expenditure plan of Rs 30,000 crore to increase its cargo-handling capacity to 400 MTPA by FY30. The port operator has planned brownfield projects at three locations and aims to initiate greenfield developments at three additional sites to establish new ports.
Bharti Airtel
Bharti Airtel has made a prepayment of Rs 3,626 crore to the Department of Telecom, thereby fully clearing its liabilities for the spectrum it had acquired in the 2016 auction. With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65 per cent, it said in a regulatory filing.
Reliance Industries
Venezuela’s state oil company PDVSA and India’s Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen by Reuters showed. The exchange follows a US licence in July authorising the trade.
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