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Updated on 3 Mar 2017
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The Indian stock markets are likely to open in red on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and weak global markets.

SGX Nifty was down 29.50 points, or 0.33 per cent, at 8891.50 around 8.10 am (IST), indicating a weak start for NSE Nifty index.

Asian markets Hang Seng, Nikkei and Shanghai were trading lower by 0.50 per cent, 0.11 per cent and 0.57 per cent, respectively, in morning trade.

Bharti Infratel: Global brokerage firm CLSA upgraded Bharti Infratel to ‘Buy’ from ‘Outperform’ with a target price of Rs 356.

Supreme Infrastructure: The company on Thursday informed bourses that the board of directors has approved the preferential allotment of equity shares of face value of Rs 10 to promoters for an amount not exceeding Rs 200 crore.

Kajaria Ceramics: Jwalamukhi Investment Holdings on Thursday offloaded 0.63 per cent stake in Kajaria Ceramics for over Rs 56 crore through an open market transaction. According to bulk deal data available with BSE, HSBC Bank Mauritius Ltd AC Jwalamukhi Investment Holdings sold a total of 9,94,905 shares, amounting to 0.63 per cent stake of Kajaria Ceramics.

Adani Power: The company on Thursday informed bourses about allotment of 41 million equity shares upon partial conversion of convertible warrants to promoter group entities.