Domestic share markets are likely to start Friday's session on a positive note, extending a record-breaking streak riding on optimism around COVID-19 vaccines and on continued foreign fund inflows. The Singapore Exchange (SGX) Nifty futures — an early indicator of the National Stock Exchange's Nifty 50 benchmark index — gained 39.95 points, or 0.29 per cent, to touch 13,789.50 at the strongest level recorded ahead of the opening of Indian markets. At 8:50 am, the SGX Nifty futures traded 16.95 points, or 0.12 per cent, higher at 13,766.50.
Here are few stocks to watch in Friday's trade (December 18, 2020):
Bharat Petroleum Corporation's board has approved the acquisition of a 36.62 per cent stake in the Bina refinery project in Madhya Pradesh from Oman Oil Company.
Crude oil rates jumped to nine-month highs on Thursday, with traders optimistic about progress toward a US fiscal stimulus deal and record-breaking refining demand in China and India.
Brent crude futures — the global benchmark for crude oil — settled up 42 cents at $51.50 per barrel, having risen to as high as $51.90 per barrel during the session.
Natco Pharma announced the launch of Rivaroxaban molecule under brand RPIGAT. Rivaroxaban is an anticoagulant medication used to treat and prevent blood clots, and is currently sold by Bayer under brand name Xarelto in the Indian market, the company said.