Domestic stock industry indices, BSE Sensex and Nifty had been staring at a damaging begin on Monday, as recommended by trends on SGX Nifty in early trade. Nifty futures had been trading 175.50 points or 1.11 per cent reduce at 15,574.50 on Singaporean Exchange. In the preceding session, BSE Sensex ended flat at 52,344.45, even though the Nifty 50 index settled down at 15,683. Chart patterns recommend indecisiveness involving bulls and bears. However, technical analysts think that in the medium term the texture of the benchmark indices is nonetheless bullish and probably to continue in the quick run. “The texture of the chart suggests 15400/51800 should be the sacrosanct level for the bulls and as long as its trading above the same, uptrend is likely to continue up to 15800-15900/52600-52850 levels,” mentioned Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
Stocks in focus
Reliance Industries Ltd: Saudi Aramco chairman and Governor of the Kingdom’s wealth fund Public Investment Fund, Yasir Al-Rumayyan, may well be inducted on the board of Reliance Industries Ltd, a precursor to a $15 billion deal, PTI cited reports as saying.
HDFC Bank: HDFC Bank on Saturday mentioned its board has offered its approval to purchase more than 3.55 crore shares in group firm HDFC ERGO General Insurance Company for more than Rs 1,906 crore from the parent organization Housing Development Finance Corporation (HDFC). HDFC is the promoter and associated party of the bank.
Bharti Airtel, Vodafone Idea: Reliance Jio gained more than 79 lakh mobile customers in March, Bharti Airtel added 40 lakh subscribers, followed by Vodafone Idea with 11 lakh customers and Bharat Sanchar Nigam Ltd with 1.94 lakh.
Reliance Home Finance: Mumbai-based NBFC Authum Investment and Infrastructure has emerged as the highest bidder (H1) for Reliance Home Finance. In a stock exchange filing on Sunday, Authum Investment and Infrastructure confirmed that it has received a letter of intent from lenders for acquiring the troubled home finance organization.
Coal India: The resurgence of the Covid-19 pandemic hit demand and production of coal in the month of April 2021, although production grew by 7.8 per cent on-year, mostly due to a low-base impact. When compared with April 2019, coal production fell by 7.9 per cent in April 2021.
Godrej Properties: Godrej Properties has turn into the country’s biggest listed genuine estate developer in terms of sales bookings throughout the last fiscal year as it clocked a record pre-sales of Rs 6,725 crore in spite of the COVID pandemic.
Bank of Maharashtra: State-owned Bank of Maharashtra (BoM) has turn into top rated performer amongst public sector lenders in terms of retail and MSME loan development throughout 2020-21.
Vedanta: Vedanta has emerged as thriving bidder for a coal block in Odisha which was place for re-bid in the second try of auction of blocks for industrial mining.
Info Edge, Oil India: Companies such as Info Edge (India), Oil India, Bharat Dynamics, TCNS Clothing, Jaiprakash Associates, VST Tillers Tractors, MM Holdings, Pearl Global Industries and Rana Sugars, amongst other folks will announce their January-March quarter outcomes on June 21.