Indian markets are anticipated to open higher on Friday, buoyed by positive trends from Wall Street and Asian markets. Investor activity may become stock-specific as corporate news emerges.
Reliance Infrastructure is set to garner attention after its board sanctioned the raising of ₹3,014 crore through a preferential issue of up to 12.56 crore shares and convertible warrants, priced at ₹240 each.
NTPC's board has given the green light for investments of ₹11,131 crore in the Darlipali Super Thermal Power Project and ₹9,790.87 crore in the Sipat Super Thermal Power Project.
Adani Group shares will be under the spotlight after the conglomerate surfaced as the leading bidder to acquire the promoter's 46.64% stake in ITD Cementation India, a deal currently valued at ₹5,888.57 crore.
Indian stocks ended higher on Thursday, although key benchmarks fell short of their intraday highs amid escalating tensions in the Middle East.
Investor sentiment received a boost after the U.S. Federal Reserve implemented its first rate cut in over four years and indicated potential further easing to prevent significant slowdowns in the labor market.
The BSE Sensex reached a new intraday record of 83,773.61 before closing at 83,184.80, up 236.57 points or 0.29%. Similarly, the Nifty index hit an all-time high of 25,611.95 before closing at 25,415.80, gaining 38.25 points or 0.15% from its previous close.
U.S. stocks rallied sharply on Thursday, with major indices seeing strong gains. The Dow advanced 522.09 points or 1.3% to 42,025.19, the Nasdaq surged 440.68 points or 2.5% to 18,013.96, and the S&P 500 increased by 95.38 points or 1.7% to 5,713.64.
The gains on Wall Street occurred as traders continued to respond to the Federal Reserve's decision to cut interest rates by half a percentage point.
Asian stocks are trading firmly in positive territory, following the overnight gains on Wall Street. Key indices such as Japan's Nikkei 225, Australia's S&P/ASX 200, Hong Kong's HSI, and South Korea's KOSPI are all showing solid advancements.
