Nifty futures have been trading one hundred.50 points or .64 per cent larger at 15,848.50 on Singaporean Exchange, suggesting a positive get started for BSE Sensex and Nifty 50. In the preceding session, headline indices halted the 4-day losing streak to finish larger. BSE Sensex closed up at 52,484 even though the 50-stock NSE Nifty close at 15,722. Analysts say the bulls appears to have come back progressively from the reduced assistance on Friday. “Confirmation of bullish reversal by the way of follow-through upmove is likely to open further upside towards 15900 levels again in the near term. Immediate support is placed at 15650 levels,” stated Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Stocks in focus
India Pesticides: Agrochemical firm India Pesticides is all set to make stock industry debut on Monday. The Rs 800-crore IPO was subscribed more than 29 occasions. It was opened for subscription amongst 23-25 June 2021.
ONGC: Oil and Natural Gas Corporation (ONGC) on Sunday stated it will procure gear and services worth more than Rs 30,000 crore to assistance its oil and gas exploration and production operations, which will provide nearby entities enterprise and assistance ‘Aatmanirbhar Bharat’ initiative.
JK Cement: JK Cement Ltd, component of J.K. Organisation, targets up to 10 per cent development in its income this fiscal, helped by the government’s push for infrastructure, a great monsoon and pent-up demand for the sector, PTI quoted a leading business official as saying.
Vodafone Idea: Vodafone Idea can raise funds via equity sale or promoters can infuse capital which can be employed for clearing dues, non-profit entity Telecom Watchdog stated in a letter to telecom minister even though demanding rejection of the debt-ridden company’s request in search of more time to spend dues of Rs 8,292 crore.
Bharti Airtel: In an interaction with FE, Bharti Group chairman Sunil Mittal stated such spectrum has not been auctioned anyplace in the world as it is expected only at choose locations as opposed to terrestrial airwaves which are necessary everywhere. Although Jio and Vodafone Idea have batted for auction of this spectrum, in their response to a consultation paper floated by Trai, Bharti had maintained silence on the topic.
NTPC: State-run NTPC is organizing to float the initial public providing (IPO) of its not too long ago-formed renewable power subsidiary in “one-and-a-half to two years”, a senior business executive stated. The business is contemplating to spin off the subsidiary, which will raise funds to execute a strategy to develop 60 giga-watt (GW) green capacity, double the level planned earlier, by 2032.
Reliance Industries Ltd: Mukesh Ambani’s Reliance Jio has launched ‘Emergency Data Loan’ facility providing its phone customers immediate-information on loan, which they can spend later. Jio, India’s youngest but biggest telecom operator, understands that not each user is in a position to immediately acquire a information leading up due to several motives, PTI quoted sources as saying.