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GIFT Nifty trades higher with a premium of more than 30 pts from Nifty Futures Tuesday’s close, indicating a flat-to-positive start for the Indian market

Following a two-day drop, oil prices stabilised as the Energy Information Administration verified the largest rise in US stocks since July.

Brent closed below $64 on Wednesday, while West Texas Intermediate traded below $60 after down 2.4% over the previous two sessions.

TRADE SET UP

On Thursday, November 6, index services provider MSCI announced modifications to its India Standard and Smallcap indices. Two stocks have been removed from the MSCI India Standard Index, while four have been added.

From Fortis Healthcare, One97 Communications or Paytm, to GE Vernova T&D, here are the names that will be impacted by this change.

The shares of Tata Group-owned Indian Hotels will be in focus in today’s trade after the company, for the September quarter, reported a 12% year-on-year growth in its topline to ₹2,124 crore, while its net profit, on an adjusted basis, increased by 15% from last year to ₹285 crore.

As the mega earnings season comes to a close, some of the stocks to watch in the day’s trade include Indigo, NSE, Indian Hotels, KPR Mill among others.

Check The Full List of Stocks Here 

After the midweek vacation, Indian stocks will start trading again on Thursday, but given how three of the previous four trading sessions have gone, the bulls will not be pleased.

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