Stocks to watch: Reliance Communications, Godrej Properties, Sector Banks, IFCI, Petronet
BSE Sensex and NSE Nifty are expected to remain tepid on Friday. Today is also the last day of trading for the current calendar year.
BSE Sensex and NSE Nifty are expected to remain tepid on Friday. Today is also the last day of trading for the current calendar year.
On Thursday, BSE Sensex closed up by 0.59%, at 26,366 points and NSE Nifty closed at 8103.60 points, up 0.86%.
Banking stocks, especially Public Sector Banks (PSBs) stocks will be keenly watched as the Reserve Bank of India (RBI) released its Financial Stability Report (FSR) December 2016 on Thursday.
The report said that banks, although stable, still suffer from a significant stress.
ALSO READ: RBI's FSR: Banks continue to face significant levels of stress
National Securities Depository Ltd (NSDL) data show that foreign investors sold net Rs 526 crore worth of stocks on Thursday.
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STOCK WATCH:
- IFCI said that it wil sell 25% of its 3.05% stake in NSE through IPO.
- Godrej Properties said that it has added a new residential project in Pune, Maharashtra.
- Cabinet on Thursday defered Reliance Communications' FDI proposal of its arm Flag Telecom.
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