Stocks to watch: Tarsons Products, Reliance Industries, Latent View, Indian Oil

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The trends on SGX Nifty indicated a lower opening for the home markets.

New Delhi: National stock markets are expected to trade in negative zone on Friday, drawing inspiration from global markets. Asian stocks traded lower as Japan’s Nikkei fell 2.07 percent, South Korea’s KOSPI 0.43 percent and the Shanghai Composite Index fell 0.41 percent. The trends on SGX Nifty also indicated a lower opening for the home markets. The Nifty Futures on the Singapore Stock Exchange, also known as SGX Nifty Futures, fell 0.64% or 112.75 points to 17,455.50.

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The benchmark BSE Sensex ended Thursday 454.10 points, or 0.78% more, at 58,795.09; while the larger NSE Nifty jumped 121.20 points or 0.70% to close at 17,536.25.

Here are the actions to watch for during today’s session:

Tarsons products: Shares of the Indian laboratory equipment company will go public today. Tarsons Products’ initial public offering (IPO) was subscribed 77.49 times last week, driven primarily by the high level of interest from retail investors.

Trusted industries: RIL and Saudi Aramco have canceled a deal for the state-owned oil giant to buy a stake in the conglomerate’s petroleum-chemicals business due to valuation concerns, Reuters news agency reported citing sources. RIL stock had jumped 5 percent on Thursday after its board of directors decided to implement a plan of arrangement to move the gasification business to a wholly owned subsidiary.

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Indian oil: The state-owned oil marketing company paid Rs 2,424 crore in terms of a dividend tranche to the government. To date, during the current fiscal year, the Center has received 20,222 crore rupees in terms of dividends from several public entities.

Latent View Analysis: Shares of the data analytics firm had jumped for the third session in a row on Thursday, crossing the 700 rupee mark for the first time since listing. Those who hold Latent View shares bought in the initial public offering (IPO) have made more than 3 times the issue price of Rs 197 per share.

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In addition, aviation stocks will be the focus of attention, as Saudi Arabia has announced it will lift the travel ban for India and five other countries from December 1 of this year.

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