The market is likely to open in the green on Friday following gains in Asian peers on some positivity over the US-China trade deal. However, the weak macro data — the retail inflation jumping to a 40-month high of 5.54 percent in November and the industrial production shrinking by 3.8 percent in October — are likely to cap the gains. At 7 am, the SGX Nifty was trading 32 points or 0.27 percent higher at 12,056.50, indicating a positive start for the Sensex and Nifty50. Among the stocks in the news today, Infosys' arm partnered with IDEGO to develop innovative tech products while Allahabad Bank reported Rs 67 crore divergence in gross NPAs in 2019. Here are the stocks to watch out for today:
Infosys: Its subsidiary EdgeVerve Systems partnered with digital consultancy firm IDEGO to develop innovative tech products.
Wipro: It has bagged a multi-year order from Olympus for cloud services.
Navin Fluorine International: The company will invest over Rs 450 crore in a new project at Dahej, Gujarat.
VIP Industries: Jogendra Sethi resigned as CFO of VIP Industries.
Allahabad Bank: The lender has reported Rs 67 crore divergence in gross non-performing assets for 2019.
Simplex Infrastructures: CARE Ratings revised its Long/Short term Bank Facilities and NCD to D from CARE BB+ Negative.
IndiGo: Its market share stood at 47.5 percent in November 2019 against 47.4 percent last year.
Bank of Baroda: The lender allotted 65.1 crore equity shares aggregating to Rs 7,000 crore to the government on a preferential basis.
Biocon: Biocon & Equillium is expanding exclusive licensing agreement for Itolizumab to Include Australia and New Zealand.
Persistent Systems: It has merged the two Salesforce boutique partners PARX and youperience to streamline its European Salesforce practice.