Stocks To Watch: Reliance Industries, Infosys, Bharti Infratel Shares In Focus Today

Stocks To Watch: Domestic stock markets are likely to start the last session of the week higher, a day after benchmark indices halted a winning streak that lasted four straight days. The Singapore Exchange Nifty futures - an early indicator of the National Stock Exchange's Nifty 50 benchmark index added 54.45 points to touch 12,831.80 at the strongest level recorded ahead of the opening of Indian markets. At 8:44 am, the SGX Nifty futures traded up 49.85 points - or 0.39 per cent - at 12,827.20.

Globally, equity markets were struck by a wave of uncertainty on Friday after US Treasury Secretary Steven Mnuchin called for an end to coronavirus pandemic relief for struggling businesses, sparking a rare clash between the central bank and Treasury.

Here are few stocks that will be in focus in Friday's session:

Reliance Industries

Reliance Industries shares will be watched closely on Friday, a day after its retail arm had completed its fundraising exercise as more than half a dozen investors poured Rs 47,265 crore into a 10.09 per cent stake in the company in two months.

Reliance Retail Ventures began raising capital in September, with US-based private equity firm Silver Lake Partners pumping Rs 7,500 crore for a 1.6 per cent stake.

Bharti Infratel, Indus Tower, Vodafone Idea, Bharti Airtel

Bharti Infratel said on Thursday that it had completed its merger with Indus Towers, to create a mega tower company. Vodafone Group will hold a 28.12 per cent stake in the merged entity, while the holding of Airtel Group will be about 36.7 per cent.

Infosys

Infosys company Simplus announced a collaboration with US-based Salesforce for a vaccine management cloud solution. The product will be built on the Salesforce Platform in support of Salesforce Work.com for Vaccines as the COVID-19 pandemic continues, Infosys said in a statement on Thursday.