Overnight Digest: Stocks to keep an eye on November 25!
Watch out for these stocks in Friday’s trading session!
The factors that enabled Indian domestic indices to open higher were the decline in crude oil prices, the strengthening of the rupee against the US dollar and optimistic global sentiments. The late-afternoon rally in indices was fueled by gains of more than 2 per cent in the BSE IT and BSE Teck.
The BSE Sensex surged 1.24 per cent to 62,272 level at the close. The Nifty 50 index climbed 1.19 per cent to a level of 18,484.
Watch out for these stocks in Friday’s trading session -
Larsen & Toubro - Shares of L&T witnessed a late-afternoon rally and finished 1.47 per cent higher. For the development of an off stream pumped storage project in Madhya Pradesh, the renowned Greenko company, one of the top renewable energy companies in the world, has given a contract to Larsen & Toubro's Heavy Civil Infrastructure Business. When completed, the project will be one of India's largest clean energy projects of its kind.
TVS Motor Company - In line with the company's plans for global expansion, today it inaugurated its first cutting-edge TVS Experience Center in Singapore. The company said that it would launch a variety of product lines to serve Singapore's premium delivery market as well as individual passenger needs.
Biocon Ltd - Today, the pharmaceutical company announced an acquisition. Equity shares were granted to Biocon Ltd for a sum of Rs 2,205.63 crore by Biocon Biologics Limited (BBL), a subsidiary of Biocon. After the allocation of shares, Biocon will hold 88.85 per cent stake of BBL.