Nifty futures had been trading flat at 15,305 in early trade on Singaporean Exchange, suggesting a cautious opening for BSE Sensex and Nifty 50 on Thursday. Market participants might witness volatility on a day of futures and selections expiry of the May series. Besides, investors will take cues from COVID-19 situations, ongoing vaccination drive, oil rates, rupee movement and other international cues. In the earlier session, Nifty closed at the highest given that February 16, 2021. It also closed at just about the day’s higher accompanied by a strongly positive advance-decline ratio. “15336-15432 is the next resistance band for the Nifty while 15211-15256 is the support band for the near term,” mentioned Deepak Jasani, Head of Retail Research, HDFC Securities.
Stocks in focus today
Eicher Motors, Sun Pharma: Cadila Healthcare, Eicher Motors, Sun Pharmaceutical Industries, IRB Infrastructure Developers, Everest Industries, Fine Organic Industries, India Grid Trust, Infibeam Avenues, India Infrastructure Trust, Kalyan Jewellers, Metropolis Healthcare, Computer Jeweller, The Phoenix Mills, Rashtriya Chemicals & Fertilizers, Redington (India), Suryoday Small Finance Bank, and UCO Bank amongst other will announce their January-March quarter earnings on May 27.
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Bharat Petroleum: BPCL on Wednesday reported a net profit of Rs 17,319.8 crore on a consolidated basis for the fiscal ended March 31, 372.5% larger than the profit posted a year ago. This is the highest annual profit reported by the oil refining and advertising and marketing enterprise.
PNB Housing Finance: The board of PNB Housing Finance will meet on May 31 to look at fund-raising. The fund-raising by the non-bank lender was lengthy pending immediately after it had announced to raise Rs 1,800 crore by way of a preferential or rights problem in November 2020.
Manappuram Finance: Manappuram Finance reported a 17.62 per cent on-year rise in its consolidated net profit to Rs 468.35 crore for the fourth quarter of FY21. The enterprise had reported a standalone net profit of Rs 457.95 crore for the fourth quarter of last fiscal.
Tata Consultancy Services: TCS announced that it has partnered with LACChain, an initiative led by IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, to drive the development of a blockchain ecosystem across Latin America and the Caribbean.
Burger King India: Burger King India reported loss at Rs 25.94 crore in Q4FY21 against Rs 37.41 crore in Q4FY20. Its total revenue for the duration of January-March 2021 stood at Rs 199.45 crore, against Rs 192.95 crore in the year-ago period.
Pfizer: The enterprise reported income from operations for the quarter ended March 31, 2021 at Rs 535 crore as compared to Rs 502 crore in the very same period last year, a development of 6.5 per cent. Revenue from operations for the year ended March 31, 2021 is Rs 2,239 crore as compared to Rs 2,152 crore in the very same period last year, displaying a 4 per cent development