Stocks to watch on Friday as markets expect a muted opening
GIFT Nifty signals a weak start for domestic indices despite a sharp rally in the previous session.
The Indian stock market is expected to open lower on Friday, November 6, according to Mint, as GIFT Nifty signalled a muted start. GIFT Nifty was trading near the 24,440 mark, down approximately 159 points or 0.65 per cent from the previous close of Nifty futures.
On Thursday, the BSE Sensex and NSE Nifty 50 staged a rally, with the Sensex jumping 2,008.61 points to close at 79,310.01 and the Nifty 50 gaining 576 points to settle at 24,536.60. Despite this rebound, both indices remain below their previous record highs.
Several stocks are in focus due to corporate developments. Bharti Airtel reported a 31 per cent year-on-year growth in consolidated net profit to ₹8,887.5 crore in Q2 FY27. Life Insurance Corporation of India (LIC) reported a nearly 20 per cent year-on-year increase in consolidated net profit to ₹12,114.78 crore for the September quarter.
Titan Company reported a 54 per cent year-on-year jump in consolidated net profit to ₹1,722 crore in Q2 FY27, supported by demand for jewellery, premium watches and eyewear. State-owned Oil and Natural Gas Corporation (ONGC) registered a 46.9 per cent year-on-year surge in consolidated profit after tax to ₹18,534.82 crore for the same period.
Glenmark Pharmaceuticals reported a 56.7 per cent year-on-year decline in net profit to ₹264 crore in Q2 FY27, while revenue dropped 29.8 per cent to ₹4,247.3 crore. Vedant Fashions posted a 0.36 per cent year-on-year increase in net profit to ₹56.2 crore, while Britannia Industries reported a 10.8 per cent year-on-year rise in consolidated net profit to ₹726 crore.