scorecardresearchStocks To Watch: Reliance Industries, Rail Vikas Nigam, Sobha, NBCC are

Stocks To Watch: Reliance Industries, Rail Vikas Nigam, Sobha, NBCC are stocks in news today

Updated: 30 May 2023, 09:04 AM IST
TL;DR.

India's NSE stock futures listed on the Singapore exchange were up 0.09% at 18,707.50, as of 8:19 a.m.

The Nifty 50 gained 0.54%, hitting a five-month high of 18,598.65 on Monday, amid stable domestic earnings and sustained foreign inflows into equities.

The Nifty 50 gained 0.54%, hitting a five-month high of 18,598.65 on Monday, amid stable domestic earnings and sustained foreign inflows into equities.

(Reuters) Indian shares are set to open marginally higher on Tuesday on improved global cues after U.S. lawmakers reached a tentative debt ceiling deal over the weekend.

India's NSE stock futures listed on the Singapore exchange were up 0.09% at 18,707.50, as of 8:19 a.m.

Asian equities were mostly higher as investors cheered the prospect that the world's largest economy will avert a major debt default. U.S. markets were closed on Monday.

U.S. President Joe Biden and House Speaker Kevin McCarthy forged an agreement to suspend the country's $31.4 trillion debt ceiling until 2025, ahead of the June 1 deadline. The deal will have to pass through the U.S. Congress.

The Nifty 50 gained 0.54%, hitting a five-month high of 18,598.65 on Monday, amid stable domestic earnings and sustained foreign inflows into equities.

Foreign institutional investors (FIIs) bought 17.58 billion rupees ($214.97 million) worth of Indian equities on Monday. FIIs have been net buyers in Indian stocks in 22 of the last 23 sessions.

Stocks to watch

Reliance Industries Ltd: Co's JioCinema signs content streaming deal with NBC Universal.

Rail Vikas Nigam Ltd: Co posts fall in consolidated net profit in March quarter.

Sobha Ltd: Co reports rise in consolidated profit in March quarter on strong demand.

NBCC Ltd: Co reports rise in consolidated net profit in fourth-quarter.

 

First Published: 30 May 2023, 09:02 AM IST