Indian shares are poised for a positive opening on Friday, buoyed by strong performances from Wall Street and Asian markets. Key corporate developments are set to drive investor interest, particularly Reliance Infrastructure, which has approved a preferential issue to raise ₹3,014 crore, and NTPC, which is investing over ₹20,000 crore in new thermal power projects. Additionally, Adani Group is in the spotlight as it leads the bid for a 46.64% stake in ITD Cementation India, valued at ₹5,888.57 crore.

The Indian market closed higher on Thursday, with the BSE Sensex and Nifty both reaching new record highs, despite geopolitical tensions in the Middle East. The positive sentiment was further supported by the U.S. Federal Reserve’s recent interest rate cut, which has injected optimism into global markets.

For market professionals, the key takeaway is the potential for stock-specific movements driven by corporate actions, particularly in the infrastructure and energy sectors, as investors react to these significant announcements.

Source: nasdaq.com