Nifty futures had been trading 111.50 points or .75 per cent down at 14,663.50 on Singaporean Exchange. While, it was quoting greater than Nifty’s Tuesday’s closing, indicating that headline indices had been staring at a positive start off on Thursday. Market participants will closely watch increasing COVID-19, on-going vaccination drive, oil costs, Q4 benefits, rupee movement and other worldwide cues. On Thursday the market place could trade among the levels of 14550/49000 and 14250/47690, stated Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities. “Above 14550/49000 level, Nifty could reach 14650/14670 (49400 – Sensex) level On the other hand, 14450/48550 and 14250/47690 will serve as the major support in the market. Below 14250/47690 levels, the Nifty/Sensex would fall to 14000/47000 levels,” he added.
Stocks in concentrate:
Infosys: Infosys clocked a 17.1 per cent per cent on-year rise in net profit at Rs 5,078 crore in the January-March quarter. Infosys’ income grew 13.08 per cent to Rs 26,311 crore on-year and 1.5 per cent sequentially. Infosys today stated that its board has authorized a Rs 9,200 crore buyback of equity shares from the open market place.
Wipro: Wipro is scheduled to announce its January-March 2021 quarter earnings later today. Hathway Bhawani Cabletel & Datacom and Tinplate Company of India will also announce quarterly numbers today.
HDFC Bank: HDFC Bank on Wednesday stated it is organizing to raise up Rs 50,000 crore in the course of the next 12 months by means of issuing bonds. The bank’s board of directors will take up the proposal at its meeting on April 17, it stated in a regulatory filing.
Sterlite Technologies: Sterlite Technologies announced a strategic collaboration with Openreach, the UK’s biggest digital network business enterprise. Openreach has selected STL as a essential companion to provide optical cable options for its new, ultra-rapidly, ultra-trustworthy ‘Full Fibre’ broadband network.
Bharti Airtel: Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company’s concentrate on driving the quickly-unfolding digital possibilities though enabling it to unlock worth. The new structure entails Airtel Digital Limited folding into the listed entity Bharti Airtel.
Coal India: State-owned CIL allocated 37.21 million tonnes of coal in the course of the April-February period of FY20-21 beneath spot e-auction scheme, registering a year-on-year improve of 36.3 per cent. Coal India Ltd (CIL) had allocated 27.30 MT of coal in the April-February period of FY 2019-20, according to government information.