Stocks To Watch: Bharti Airtel, Tata Power, Infosys, Bajaj Finserv
New Delhi: The domestic stock markets are expected to trade in red on Friday, taking cues from the global markets. Asian shares and U.S. stock futures slipped, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh. Trends on SGX Nifty indicated a subdued opening for the markets back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures fell 0.18 per cent or 32.45 points to 17,869.20.
The benchmark BSE Sensex had plunged 1,159 points or 1.89 per cent to close at 59,985 on Thursday; while the broader NSE Nifty had tumbled 354 points or 1.94 per cent to settle at 17,857.
Here Are Stocks To Watch During Today's Session:
Bharti Airtel: The Supreme Court on Thursday barred the telecom company from seeking Goods and Services Tax (GST) refund of Rs 923 crore. The top court allowed the government's plea against issuance of refund and set aside Delhi High Court order that provided relief to Airtel.
Infosys: The IT major has entered into an agreement with energy giant BP to develop and pilot an energy as a service (EaaS) solution, which will aim to help businesses improve the energy efficiency of infrastructure, and help meet their decarbonization goals.
Tata Power: The company had reported a 36 per cent jump in consolidated net profit at Rs 506 crore for September quarter (Q2 FY22) on the back of higher revenues. In the year-ago period, net profit was at Rs 371 crore.
Bajaj Finserv: The company has reported a nearly 14 per cent increase in its consolidated net profit to Rs 1,122 crore in the Q2. It had posted a profit of Rs 986 crore during the same period a year ago.
NTPC: The company has posted lower standalone profit of Rs 3,211.9 crore in Q2 FY22 against Rs 3,504.8 crore in Q2 FY21.
BPCL, Adani Power, UPL, Vedanta, Adani Transmission, Apollo Tyres, Bandhan Bank, Cadila Healthcare and GAIL (India) are expected to announce their second quarter earnings today.
