SGX Nifty hints at a positive opening for domestic markets, a day immediately after benchmark indices tanked. Global cues have been, having said that, mixed as Wall Street ended Monday with losses. On Tuesday morning, Hang Seng, Topix, and Nikkei 225 have been trading with losses. Meanwhile, Shanghai Composite, KOSPI and KOSDAQ have been trading with gains. On the charts, Nifty respected the assistance at 14,200 which could lead to upside in the coming sessions. “Having placed at the crucial lower supports of 14200 and the chart pattern of daily/weekly timeframe, one may expect minor upside bounce in the next few sessions (up to the gap hurdle of 14550) There is an expectation of next round of weakness from the highs,” stated Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
HCL Technologies: The Information Technology firm on Monday informed the bourses that it has signed a multi-million dollar digital transformation and hybrid cloud contract with UD Trucks, a major Japanese industrial car options provider.
Future group stocks: Future Retail, Future Enterprises and other Future group stocks could see some action today immediately after the Supreme Court on Monday stayed all proceedings ahead of the Delhi High Court connected to the enforcement of the Singapore Emergency Arbitrator’s interim award restraining the Rs 24,713-crore deal involving Future Retail and Reliance Retail. The matter was getting heard by a single judge as properly as a division bench of the Delhi High Court.
Tech Mahindra: Tech Mahindra on Monday stated it has acquired a one hundred% stake in DigitalOnUs. The corporation will spend $120 million for stated acquisition.
Crisil: In the January-March quarter, the company’s net profit slipped to Rs 83.5 crore from Rs 88 crore in the very same period last year. The corporation has declared an interim dividend of Rs 7 per share.
Adani Ports and Special Economic Zone: Gautam Adani led firm stated that its Board has authorized the allotment of 1 crore equity shares of the face worth of Rs 2 every completely paid up, on a preferential Basis to Windy Lakeside Investment Ltd at an situation cost of Rs 800 per Equity Share, aggregating to Rs 800 crore.
ACC: Cement manufacturing corporation ACC reported a net profit of Rs 563 crore in the prior quarter, up from Rs 323 crore in the very same period last year. ACC stated that it maintains a cautious however positive outlook for all round cement demand in the coming months.
Results today: Nestle India, Swaraj Engines, Network18 Media & Investments, Tata Steel Long Products, TV18 Broadcast, Welspun Investment and Commercials, amongst other folks will report their quarterly final results today.