The domestic markets cut most of its intraday gains to end marginally higher on Friday but recorded their first weekly gain in four.
Sentiment in the Street turned negative after global rating agency Standard & Poor's said chances of rating upgrade for India is low for over 12-18 months on sustained high fiscal deficit.
The S&P BSE Sensex ended the day at 25,868.49, up 26.57 points. The index had reclaimed its key psychological level of 26,000 in the afternoon trade.
The broader CNX Nifty settled at 7,856.55, up 13.80 points. The 50-share index had topped its crucial 7,900-mark earlier in the day.
Market breadth remained positive with 19 of the 30 Sensex components ending the day in green.
Here are top stocks that will remain in focus today:
- JSPL:Shares of Jindal Steel spiked over 15 per cent in trade on Friday following news reports the Competition Commission of India (CCI) gave a clean chit to JSPL on allegations of cartelisation in the bidding for allocation of three coal blocks. The stock ended 7.23 per cent higher after rising as much as 15.31 per cent to Rs 94.10 on BSE.
- Gas stocks: Shares of GAIL, Petronet LNG, Gujarat Gas, Indraprastha Gas and Gujarat State Petronet rallied up to 17 per cent following news reports Ras Gas Company (RasGas) is ready to modify sales and purchase agreement (SPA) with Petronet.
- Jubilant FoodWorks: Shares of Jubilant FoodWorks ended 2.12 per cent higher after rising 5 per cent intraday after the company said it has partnered with Hyderabad-based start-up Zippr to use latter's coding method for delivering the orders instead of using consumers' address.
- CARE Ratings: Two leading banks in Mauritius and the African Development Bank are likely to buy about 20-22% stake in CARE Ratings' new subsidiary in Mauritius, as the home-grown rating company attempts to foray in the Dark Continent, reported Economic Times. The stock ended the day 1.19 per cent down.
- PTC India Financial Services: PFS shares gained over 1 per cent after it signed a pact with India Infrastructure Finance Company (IIFCL) to provide financing for infrastructure projects.
- Nalco: State-run aluminium maker Nalco will contribute 5 per cent of Corporate Social Responsibility (CSR) funds in this fiscal towards Prime Minister Narendra Modi's Skill India mission.
- Tata Motors: Shares of Tata Motors ended 1 per cent down after Jaguar Land Rover India launched a variant of its locally-assembled luxury SUV 'Range Rover Evoque', priced between Rs 47.1 Lakh and Rs 63.2 lakh, and said it expects to grow above the industry average this year.