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Stocks in news: LIC, Adani Power, Nykaa, Zomato and more

  • calendar 11-Nov-2022
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Stocks in news: LIC, Adani Power, Nykaa, Zomato and more

A gap up open is likely for the Indian equity markets on Friday amid strong global cues and weaker dollar. At 7:30 am, the SGX Nifty quoted at 18,398 levels, 370 points higher. Globally, the US markets skyrocketed overnight as investors cheered cooler inflation report. The core consumer price index (CPI) slowed to 7.7 per cent in October, which came below street estimates, and hit the lowest level since January. This, therefore, sparked sharp rally in Wall Street as Dow Jones, NASDAQ Composite, and the S&P 500 indices surged up to 7 per cent, posting biggest one-day rallies since 2020. Asia-Pacific markets, too, inched up as Nikkei 225, Kospi, Shanghai Composite, and Hang Seng indices climbed up to 5 per cent. Meanwhile, back home, here’s a list of stocks that may see action in Friday’s trade:DCX Systems: The company will debut on bourses on Friday, November 11. Analysts expect the stock to list at 35-40 per cent premium over the issue price of Rs 207 per

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