Dalal Street has remained variety-bound for the last couple of weeks now. Nifty faces resistance in the variety of 14,700 – 14,850 on the charts, according to technical analysts. Bulls will only be in a position to regain the momentum when this barrier is broken by the index. In such a situation, analysts have been advising investors to be stock certain in their trades and keep away from aggressive bets. With SGX Nifty down deep in the red on Monday morning, Sensex and Nifty look poised to open with losses when once more on Monday.
HDFC Bank: The private lender announced its quarterly outcomes on Saturday and it continues to develop its enterprise and income. HDFC Bank reported an 18.2% on-year jump in net profit to Rs 8,186 crore. Gross NPAs have been 1.32% of gross advances, down from 1.38% reported in the earlier quarter.
Macrotech Developers: Stock exchanges will today see the industry debut of Macrotech Developers. The IPO of Macrotech Developers raised Rs 2,500 crore earlier this month and was subscribed 1.3 occasions by investors. This is the 1st IPO of the existing economic year.
Mindtree: The Information Technology firm reported a robust jump in net profit for the duration of the January-March quarter of the earlier fiscal year. Shares of IT corporations have observed a mixed reaction on Dalal Street post their quarterly outcomes so far.
ICICI Lombard: The business reported a 24% jump in net profit for the duration of the earlier quarter. Investors will react to the firm’s quarterly outcomes today.
Future Retail: Kishore Biyani’s Future Retail could see heightened activity today. Lenders of the business authorized a restructuring of the debt of the business beneath RBI’s resolution framework. As aspect of the resolution program, the debt raised by means of the non-convertible debentures issued by FRL is also aspect of the current debt and is proposed to be restructured.
PVR: CRISIL has downgraded PVR’s Long-Term rating from AA to AA- and also the rating of its Non-Convertible Debentures. Amid the pandemic, PVR’s enterprise has a taken a hit.
Results today: CRISIL, ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care are some of the corporations that will report their quarterly outcomes today.