After ending flat in the preceding session, BSE Sensex and Nifty 50 are seeking to open in the adverse territory on Tuesday. In the preceding session, S&P BSE Sensex ended 63 points reduced at 48,718 whilst the Nifty 50 index closed at 14,634. Trends on SGX Nifty have been hinting at a gap-down begin for the domestic marketplace indices. Technical analysts think that if Nifty 50 gets previous 14,700 level and keep above it, it may possibly move towards the target of 15,one hundred. “If we break 14400, we could slip further to 14100,” stated Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.
Stocks in concentrate today
IDBI Bank: The net profit of IDBI Bank for the quarter ended March rose 278% year-on-year (y-o-y) to Rs 512.2 crore on the back of a rise in the net interest earnings (NII) and a one-time achieve of Rs 299.52 crore on account of tax refunds for the assessment years FY1998-1999 to FY2000-2001.
JSW Energy: JSW Energy stated on Monday that its subsidiary JSW Renew Energy has signed a energy acquire agreement (PPA) with the Solar Energy Corporation of India (SECI) for 540 megawatt (MW) of wind-based electrical energy.
Kotak Mahindra Bank: Kotak Mahindra Bank’s MD and CEO Uday Kotak on Monday stated he would be with the bank at least till his term ends. On his succession plans, Kotak stated the bank’s board would act in a manner which is proper and accountable. Kotak Mahindra Bank on Monday reported a 33% year-on-year (y-o-y) jump in its net profit to Rs 1,682 crore for the quarter ended March due to the fact of greater net interest earnings (NII).
Adani Ports, L&T Infotech: As lots of as 20 BSE-listed firms like Adani Ports and Special Economic Zone, Alembic Pharmaceuticals, Apollo Pipes, Adani Total Gas, DCM Shriram, EIH Associated Hotels, Greaves Cotton, IIFL Securities, Larsen & Toubro Infotech, Morepen Laboratories, Procter & Gamble Hygiene & Health Care, RBL Bank, Skipper, Suven Life Sciences, and Vikas WSP will release their quarterly earnings on May 4.
Tata Chemicals: Tata Chemicals posted a consolidated profit of Rs 29.26 crore in Jan-Mar quarter of FY21 against Rs 197.56 crore in the corresponding period of the preceding year, income elevated to Rs 2,636.21 crore from Rs 2,378.09 crore on-year.
ICICI Bank: The Reserve Bank of India (RBI) on Monday, imposed a monetary penalty of Rs 3 crore on ICICI Bank. This penalty has been imposed below the provisions of section 47 A (1) (c) study with sections 46 (4) (i) of the Banking Regulation Act, 1949 for shifting particular investments from HTM category to AFS category in May 2017.
L&T Technology Services: L&T Technology Services reported a net profit of Rs 194.5 crore, down 5 per cent from Rs 204.8 crore in the similar quarter last year. The income from operations stood at Rs 1,440.5 crore as compared to Rs 1,400.7 crore in December quarter.
PowerGrid InvIT IPO: PowerGrid InvIT IPO was subscribed 4.8 occasions on the final day of bidding. The situation received bids for 205 crore units against 42 crore units on give for subscription.