Nifty futures have been trading just 11.50 points or .07 per cent up at 15,849 on Singaporean Exchange on the last day of the week. In the earlier session, S&P BSE Sensex ended at 52,699 even though the Nifty 50 index closed just shy of 15,800 levels. In the absence of any main domestic occasion, Indian share markets will take cues from international markets for additional path. “The prevailing consolidation in the index is largely in line with the global counterparts so participants should continue to keep a close watch on the world market for cues,” Ajit Mishra, VP – Research, Religare Broking, stated.
Stocks in focus
IGL, Barbeque Nation: Indraprastha Gas, JSW Energy, Hindustan Copper, Finolex Industries, Shree Renuka Sugars, PNC Infratech, Godfrey Phillips, Railtel Corporation of India, Barbeque Nation, Forbes & Company, Balmer Lawrie and Inox Winds are amongst the corporations that are scheduled to announce their January-March quarter earnings.
RIL: Sticking to its strategy to accomplish net-zero carbon status earlier than its international peers by 2035, Reliance Industries (RIL) on Thursday unveiled a mega strategy for the green and clean power organization. Reliance Industries (RIL) chairman Mukesh Ambani even though speaking at the company’s 44th annual basic meeting (AGM) on Thursday, siad to make India 2G-mukt and 5G-yukt. Among other announcements, Ambani announced that Reliance Retail aims to record at least 3-fold development in the next 3 to 5 years and will make deeper investments to bolster its study, style, solution development capabilities.
Infosys: Infosys’ Rs 9,200-crore buyback strategy is scheduled to start from June 25,2021. The IT bellwether has proposed to get back shares at a maximum cost of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders’ nod was received on June 19, 2021, at the company’s 40th annual basic meeting.
Bank of Maharashtra: Bank of Maharashtra on Thursday received shareholders’ approval to raise up to Rs 5,000 crore equity capital via several modes, which includes rights situation and preference situation. The shareholders authorized the proposal at the bank’s annual basic meeting (AGM) held on June 24, 2021, via audio/visual implies.
HDFC Bank: HDFC Bank’s CEO Sashidhar Jagdishan stated that bank was betting major on 5 essential organizations, even as he acknowledged technical glitches that have impacted buyers. In the annual report for the FY21, Jagdishan stated that the bank had identified corporate banking, lending to micro, modest and medium enterprises (MSME), government banking, retail assets and payments as essential focus locations going ahead and the development technique would be aided by digital channels.