Stocks To Watch: IRCTC, TVS Motor, Coal India, HCL Tech In Focus Today
Domestic stock markets are likely to start the last session of the week on a positive note, a day after the S&P BSE Sensex index halted a five-day rally that pushed it past the 46,000 mark for the first time ever. The Singapore Exchange (SGX) Nifty futures — an early indicator of the National Stock Exchange's Nifty 50 benchmark — rose 35.75 points, or 0.26 per cent, to touch 13,571.50 at the strongest level recorded ahead of the opening of Indian markets. Analysts awaited macroeconomic data for near-term cues. The markets have been riding on hopes of a fast recovery from the coronavirus-caused slowdown and also on foreign fund inflows. At 8:33 am, the SGX Nifty futures traded 12.45 points, or 0.09 per cent, higher at 13,534.20.
Asian markets moved lower as concerns about US stimulus and climbing COVID-19 cases weighed globally on optimism. MSCI's broadest index of Asia Pacific shares outside Japan was down 0.26 per cent at the last count. Japan's Nikkei 225 benchmark traded 0.54 per cent lower.
Overnight in the US, the Dow Jones Industrial Average fell 0.23 per cent and the S&P 500 lost 0.13 per cent, but the technology stocks-heavy Nasdaq Composite added 0.54 per cent.
Here are some stocks to watch in Friday's (December 11) session: