Market Overview:
Indian markets are poised for a strong opening on Friday, September 20, 2024, buoyed by positive overnight gains on Wall Street and rising sentiment across Asian markets. At 7:05 AM, GIFT Nifty futures indicated an opening at 25,525, approximately 30 points higher than the previous Nifty close.
Asian Market Performance:
- Japan’s Nikkei 225: Up 1.76%
- Australia’s S&P/ASX 200: Up 0.2%
- Japan’s Topix: Up 1.63%
- South Korea’s Kospi: Up 1.45%
- South Korea’s Kosdaq: Up 1.51%
- Hong Kong’s Hang Seng: Futures at 18,177, up from 18,013
- Mainland China’s CSI 300: Futures at 3,198.8, slightly up from 3,196
Key Stocks to Monitor:
HDFC Bank: As a major player in the banking sector, watch for any updates on earnings or regulatory changes.
IIFL Finance: Keep an eye on developments related to their financial services and potential market moves.
Nykaa: Monitor any news on retail performance, especially in e-commerce.
Macrotech Developers: Watch for updates in the real estate sector, especially regarding new projects or sales figures.
TCS: As a leading IT services company, keep an eye on announcements related to contracts or earnings projections.
Investors should stay updated on global cues and any sector-specific news that could impact these stocks.
Related topics: