Nifty futures have been trading 51.50 points or .33 per cent larger at 15,465.50 on Singaporean Exchange in early trade on Friday. This signals a positive opening for BSE Sensex and Nifty 50 on the last day of the week. Today, 43rd GST Council meet will stay in focus, which will be headed by Union Finance Minister Nirmala Sitharaman by means of video conferencing. Investors will preserve tabs on the last leg of corporate benefits for stock-particular action, ongoing COVID-19 vaccination pace, oil rates, rupee movement, and other international cues. “Technically Nifty is poised towards an up move to lifetime high of 15431 and 15500 zones while on the downside support exists at 15200- 15150 zones Hopes of further stimulus by the government is bolstering investor confidence,” stated Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Stocks in focus 28 May 2021
M&M, Glenmark Pharma: A total of 96 corporations such as Mahindra & Mahindra, IPCA Laboratories, Max Healthcare Institute, Aditya Birla Fashion and Retail, Glenmark Pharmaceuticals, Central Bank of India, Indian Bank, Sumitomo Chemical, GMM Pfaudler, Hinduja Global Solutions, and Ujjivan Financial Services, will announce their January-March quarter earnings on May 28.
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Infosys: Infosys co-founder S D Shibulal on Thursday picked shares worth Rs one hundred crore of the firm by means of an open industry transaction. Shibulal bought more than 7.22 lakh scrips at an typical value of Rs 1,384 per share, BSE block deal information showed. The total transaction worth stood at Rs one hundred crore.
UCO Bank: UCO Bank on Thursday reported a practically 5-fold year-on-year jump in its net profit to Rs 80.03 crore for the fourth quarter of FY21, from Rs 16.78 crore in the very same period prior fiscal, as its operating profit grew 26% y-o-y.
Sun Pharma: Drug big Sun Pharmaceutical Industries on Thursday reported an more than two-fold jump in consolidated net profit to Rs 894.15 crore for the quarter ended March 2021, mostly on account of robust overall performance in the Indian industry.
Eicher Motors: Eicher Motors reported a 73 per cent jump in consolidated PAT at Rs 526.14 crore in January-March quarter of FY21. The corporation had posted a consolidated profit of Rs 304.28 crore in the fourth quarter of the prior fiscal.