Sensex, Nifty Set To Open Higher; Cipla, Wheels With Steel Strips In Focus.
Foreign institutional investors bought shares worth ₹ 131 crore while domestic institutional investors sold shares worth ₹ 613 crore on Friday.
Indian stock markets will open higher as indicated by Nifty futures on the Singapore Stock Exchange. Nifty futures on the Singapore Stock Exchange, also known as SGX Nifty futures, rose 29 points or 0.2 percent to 17,559. Meanwhile, most Asian markets were trading lower: Japan’s Nikkei was down 0.95 percent, Hong Kong’s Hang Seng was down 1.75 percent, and Taiwan’s peso was down 0.6 percent.
On Friday, Wall Street stocks rose to a higher close on Friday, beginning the fourth quarter with buying sentiment fueled by positive economic data, progress in the battle against COVID, and developments in Washington on the possible approval of a infrastructure law.
The Dow Jones advanced 1.43 percent, the S&P 500 rallied 1.15 percent and the Nasdaq rose 0.82 percent. At home, foreign institutional investors bought shares worth Rs 131 million, while domestic institutional investors sold shares worth Rs 613 million on Friday.
Cipla’s shares will be in focus after the company said it has partnered with Eli Lilly to sell diabetes products in India.
Steel Strips Wheels shares will be on investors’ radar after its shareholders approved the subdivision of the company’s shares from one existing equity share of ₹ 10 par value each into two equity shares of par value of ₹ 5 each.
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