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Shares of telecom companies Bharti Airtel, Jio Financial, and Vodafone Idea are expected to remain in focus on Friday following the release of subscriber data by the Telecom Regulatory Authority of India (TRAI) for the period ending September 30, 2024.

The Indian market is expected to trade higher on 22 November 2024, following positive global cues. Despite a 2.09% rise in the India VIX, indicating increased caution, FII selling pressure persists. Experts suggest that Nifty could face downward pressure unless it stabilizes near key support levels. A list of top trading stock recommendations includes ABB, Federal Bank, Power Grid, and Ramco Cements, among others.

Indian billionaire Gautam Adani faces charges in the U.S. for allegedly orchestrating a massive bribery scheme to secure solar energy contracts. Prosecutors allege over $250 million in bribes were paid to Indian officials. While Adani remains in India, he could face extradition and decades in prison if found guilty.

Petrobras has announced an extraordinary dividend payout of $3.4 billion to shareholders, resolving a dispute that arose earlier this year. The company also unveiled a revised $111 billion investment plan for 2025-2029, lowering the minimum cash level requirement. The plan prioritizes exploration and production activities while increasing investments in low-carbon initiatives.

Indian equity benchmarks Sensex and Nifty experienced a decline on Thursday, influenced by a sharp drop in Adani group stocks. Market analyst Riyank Arora suggests a buy-on-dips approach for Paytm and recommends buying IndiGo at the current market price. However, he advises caution for Varun Beverages, suggesting investors wait for lower levels before considering long positions.

Rahul Singh, CIO of Tata Asset Management, believes the Indian stock market is transitioning from sector-driven trends to a focus on individual stock performance. He anticipates a period of sideways movement with potential earnings growth in FY26. Singh suggests investors prioritize companies with strong fundamentals and reasonable valuations, particularly in the financial and consumption sectors.

​​So, I would say that where those valuations were a little bit overvalued because the whole market was overvalued, to the extent that the correction is coming there, I would say some fund managers would look at buying those not related to the specific case over a period of the next few days because they are good, solid operating companies which are just sentimentally getting affected by this particular case.

Power Finance Corporation (PFC) is approaching its ex-dividend date of November 25th, with a planned dividend payout of Rs 3.5 per share. Investors purchasing PFC shares before the ex-dividend date are eligible for the dividend. Several other companies, including Balrampur Chini Mills, EPL Ltd, and Ipca Laboratories, are also approaching their ex-dividend dates.