Indian markets appear poised for a flat to positive start on Thursday, following modest gains in Asian indices. However, investors can expect some sharp moves later in the day, as the Supreme Court is set to resume the hearing on the loan moratorium.
Additionally, media reports indicate that after Silver Lake, major investors, including KKR, the Abu Dhabi Investment Authority and the Saudi Arabia Public Investment Fund, could be in line to choose holdings in the retail arm. from RIL, Reliance Retail Limited. This could generate positive momentum in the stock. READ MORE
Indiabulls Housing Finance will be actively trading in today’s trade after the company said its goal is to raise up to Rs 1,000 crore through a QIP launched on Wednesday, as well as a partial divestment of its stake in OakNorth Bank, based in United Kingdom, in sections. In a regulatory filing, the company said that the minimum price for the QIP was set at 206.70 rupees per equity share.
Wall Street ended up on the rise overnight. The Dow Jones was up 1.6%, the S & P500 gained 2% and the Nasdaq Composite added 2.7%. Asian markets also rose on Thursday. Australia’s ASX200 was up 0.7 percent in early trading and Japan’s Nikkei added half a percent of gains, while Hong Kong’s Hang Seng index was only slightly higher.
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