Indian stock markets have opened the day on a strong note on Friday on positive global cues. The BSE Sensex surged 377.48 points to 33,483.30, while the NSE Nifty50 gained 117.75 points to 10,332.50 at 10:45 hours. The markets are risen higher by the banking stocks, which rose by 1.7% on back of Moody’s report on upgrade of Indian Govt bond rating. Punjab National Bank, ICICI Bank, Bank of Baroda, State Bank of India were gaining in the morning hours.
Bank of Baroda: BoB said the Finance Committee of the board will meet next week to consider approving its proposal to raise Rs. 6,000 crore via Qualified Institutional placement or rights issue.
Bharti Airtel: Fair trade regulator Competition Commission of India has approved Bharti Airtel’s deal to take over the loss-making consumer mobile business of the Tata Group.
Among the companies which are scheduled to report their quarterly earnings today include JMT Auto, Kalyani Forge, Sadbhav Infra, S Chand & Company Ltd, Mayur Uniquoters.
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