GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by just 111.50 points or 0.49% at 22,895 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended up by 43.35 points or 0.19% to settle at 22,648.20 while the BSE gained 128.33 points or 0.17% to 74,611.11.

“Benchmark indices saw moderate gains, mirroring global trends after the FED decided to maintain its interest rate, as widely accepted. The US central bank hinted at potential rate cuts while remaining cautious about sustaining the high inflation trend,” said Vinod Nair, Head of Research, Geojit Financial Services.

Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Maruti Suzuki India, GMR Airports Infr…

India’s import of edible oils – palm, soybean and sunflower is projected at a record 17 million tonne (MT) in the current oil year (November 2022-October 2023), trade body Solvent Extractors Association of India (SEA) said on Friday.

Last year, exports amounted to 14 MT. The volume of cooking oil imports is expected to be the highest since 2016-17 when the country imported 15.1 MT of oil, SEA stated. The SEA attributed the decline in global prices to rising domestic demand and lower import duty has pushed up imports. During November-September in the current oil year, edible oil imports have surged by 20% to 15.46 MT compared to the same period last year.

India’s palm oil imports from Indonesia, Malaysia, and Thailand have risen by more than 29% to 9.8 MT in the November-September period of the current oil year compared to the previous year. The share of palm oil in total edible oil imports has increased to 59% in the current oil year so far,…