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Domestic equities may look to stabilise on Friday after Wednesday’s selling rout. At 7:40 AM,
Domestically, Adani Group stocks will be in focus as companies linked to Gautam Adani plan to file a detailed response on Friday. This comes after Hindenburg Research said it stands by its report that alleged “brazen” market manipulation and accounting fraud by the Adani group, saying it has a long list of documents it will demand in a legal discovery process.
On the earnings front, 67 companies, including Bajaj Finance and Vedanta, are scheduled to report their October- December quarter earnings on Friday.
That apart, investors’ reaction to the US GDP data, oil prices, and foreign fund flow will guide the markets.
Global cues
Stocks in the Asia-Pacific traded higher on Friday with Japan’s Nikkei 225 up 0.11 per cent. In Australia, the S&P/ASX 200 traded 0.23 per cent higher, while South Korea’s Kospi was flat. China stock exchanges are closed till Monday.
Overnight, on Wall Street, the Nasdaq Composite jumped 1.76 per cent, the Dow Jones Industrial Average rose 0.61 per cent, while the S&P 500 gained 1.10 per cent.
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