Pre-market: Sensex likely to open flat
The markets are likely to open on a flat note with a negative bias on the last trading day of the current financial year, as investors take some profits off the table.
At the domestic level, traders will also keep a tab on RBI’s move to buy 10,000 crore rupees worth of bonds from the market via open market operations.
US equities pared most losses on Thursday. The Dow Jones industrial average closed up 0.2 per cent, at 13,146. The Standard & Poor's 500 Index ended 0.2 per cent lower at 1,403.
In Asia, MSCI's broadest index of Asia Pacific shares outside Japan inched up 0.1 per cent on Friday, while Japan's Nikkei average opened down 0.3 per cent.
Back home, the Nifty is likely to face resistance around 5,200 – 5,215 levels and can seek support around 5,155 – 5,140, analysts say. At 810 am Indian Standard Time, the SGX Nifty was trading at 5,237 levels – up five points.
Among individual stocks, keep a tab on Coal India. Reports suggest that the company has approved the new draft fuel supply pact, but with riders.
The government will look into the possibility of disinvestment of Andrew Yule and Company’s stake in Tide Water Oil.
NTPC has frozen expansion of its gas-based projects due to non-availability of the fuel, reports suggest.
Essar Oil has completed the expansion of its Vadinar oil refinery in Gujarat and expects revenue to grow 35 per cent in 2012-13.
Ashok Leyland has initiated talks with foreign players for technological partnerships to foray into the aerospace business.
The promoters and promoter group of Chemplast Sanmar are planning to buyback shares worth 90.60 crore rupees.