Domestic equity market place benchmarks BSE Sensex and Nifty 50 have been most likely to open in the green on Friday, right after gaining more than half a per cent in the earlier session. The 30-share Sensex sits at 48,949 whilst the Nifty 50 index settled at 14,725. SGX Nifty was up in the early trade with Nifty futures on Singaporean Exchange trading 40 points or .25 per cent greater at 14,837.50, suggesting a gap-up get started for headline indices. According to chartists, the market place has formed a bullish continuation formation on a everyday chart. “We could see the levels of 14770/14850 (49100/49400) on the higher side, however, since last few weeks, the market is finding it tough to sustain at higher levels due to the pressure of the weekend news flow,” mentioned Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
Stocks in concentrate
HDFC, Ultratech Cement, Dabur: As lots of as 25 BSE-listed organizations such as Housing Development Finance Corporation, Dabur India, Kansai Nerolac Paints, Cholamandalam Investment, Navin Fluorine, EIH and Godrej Agrovet, will announce their January-March quarter earnings on May 7.
NTPC: NTPC mentioned that its newly formed subsidiary NTPC Renewable Energy has signed a energy acquire agreement with state-run energy utility Gujarat Urja Vikas Nigam (GUVNL) to sell energy from its upcoming 150 mega-watt (MW) solar project in the state at Rs 2.20/unit.
Bharat Forge: Bharat Forge announced the acquisition of one hundred% stake in Nouveau Power & Infrastructure, a group firm one hundred% owned by promoters of BFL. This is aspect of the resolution strategy authorized by the National Company Law Tribunal’s (NCLT) Ahmedabad Bench for the acquisition of Sanghvi Forgings & Engineering below the Insolvency and Bankruptcy Code, 2016.
Hero MotoCorp: Hero MotoCorp reported a 44 per cent jump in consolidated net profit at Rs 885.28 crore for the fourth quarter ended March 31. Consolidated income from operations for the duration of the period below evaluation stood at Rs 8,689.74 crore as against Rs 6,333.89 crore in the corresponding period a year ago.
Adani Transmission: Adani Transmission mentioned its consolidated net profit jumped more than 4-fold to Rs 256.55 crore in the March quarter. The firm had registered a net profit of Rs 58.97 crore in the year-ago period.
Adani Power: Adani Power reported consolidated profit at Rs 13.13 crore in Jan-Mar quarter of FY21 against loss of Rs 1,312.86 crore in the corresponding quarter of the earlier year. The income rose to Rs 6,373.6 crore from Rs 6,172.43 crore on a year-on-year basis.