Nifty futures had been trading 210 points or 1.40 per cent down at 14,782.20 on Singaporean Exchange, indicating a heavy sell-off in BSE Sensex and Nifty 50 on Tuesday. World Health Organisation on Monday has classified COVID-19 variant from India as a international concern. according to the wellness ministry, India reported 3.66 lakh new infections and 3,754 deaths in last 24 hours. Analysts stated that domestic equities do not look to be superior as of now on weak international cues. “While decline in daily caseload yesterday offers comfort, elevated positivity rate and rising COVID-19 cases in hinterlands of the country are expected to weigh on investors’ sentiments and will prevent market to take any decisive up-move,” stated Binod Modi, Head Strategy at Reliance Securities.
Stocks in concentrate today
Godrej Consumer Products, Siemens: Aarti Industries, Linde India, BASF India, Godrej Consumer Products, Siemens, KEC Internation, Firstsource Solutions, Granules India, Neuland Labs, Alembic, Dishman Carbogen, and Matrimony dot com are some of the corporations that will report their quarterly final results today.
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RIL, Amara Raja Batteries, Bandhan Bank, Godrej Properties, Zydus Wellness ArcelorMittal stocks in focus
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Tata Consumer, IDBI Bank, Maruti Suzuki, Adani Power, Indian Bank, Hero MotoCorp stocks in focus
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Tata Steel, Adani Enterprises, Coal India, Hindustan Aeronautics, RBL Bank, steel stocks in focus
Punjab National Bank: PNB on Monday stated its board has authorized raising equity capital from certified institutional investors to boost its capital base. For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor value at Rs 35.51 per equity share.
Kesoram Industries: Kesoram Industries is preparing to raise Rs 500-600 crore by way of equity as a precursor to the roadmap of eliminating its whole Rs 1,900 crore higher-expense debt more than the next 24 months. The owner of the Birla Cement brand had taken the higher-expense debt, by way of Non-convertible debentures and Optionally convertible debentures at an interest expense of 19.5 per cent from a clutch of private investors, to settle bank debts.
Solara Active Pharma Science: Aditya Birla Sunlife Mutual Fund purchased 5.84 lakh shares of Solara Active Pharma Science at Rs 1,552 per share via a bulk deal on the BSE. While TPS Growth Fund sold 13.3 lakh shares of Solara Active Pharma Science at Rs 1,557.3 apiece via a bulk deal.
Coforge: Axis Mutual Fund purchased 6.17 lakh shares of Coforge via a bulk deal on the BSE at Rs 3,240 per share. While HULST B V sold 19 lakh shares of Coforge at Rs 3,242.26 per share.