Benchmark Indian equity indices were up 0.65% at close on Thursday. The Sensex closed at 52,300.47, up 358.83 points, or 0.69% while the Nifty was at 15,737.75, up 102.40 points, or 0.65%. All sectors except auto closed in red. Among broader indices, BSE midcap and smallcap indices closed 1.26% and 1.73% higher on Thrusday. For Friday, SGX Nifty indicates a flat opening for the Indian markets.
Brokerage recommendations:
GAIL: ICICI Securities in a note on Thursday said that GAIL’s Q4FY21 standalone PBT is up 6% YoY driven by rise in petrochemical EBITDA. FY22E outlook for LPG EBITDA is better due to oil price surge, as well as for petrochemical EBITDA given record polyethylene (PE) margins. Oil & spot LNG surge to drive strong rebound.
