Nifty futures have been trading in the green, up 28.25 points at 15,785.80 on Singaporean Exchange, suggesting a gap-up start out for BSE Sensex and Nifty 50 on Friday. In the prior session, S&P BSE Sensex gained 358 points to finish at 52,300 whilst the Nifty 50 index closed at 15,737. India VIX gained 1.7 per cent to settle at 15 level. A host of things such as monsoon, opening up of the economy in a graded manner and the pace of on-going vaccination. Nifty remains in a positive set up and can see a move towards highs of 16000 zones, technical charts recommend.
Stocks in focus
BHEL, BEML: BSE-listed corporations such as BEML, BHEL, CG Power, Cochin Shipyard, DLF, Edelweiss Financial Services, Goa Carbon and Sun Television, amongst other individuals scheduled to announce their March quarter outcomes on June 11.
RIL, ICICI Bank, GAIL, Crompton Greaves, SAIL, Parle, Mazagon Dock, JM Financial stocks in focus
Yes Bank case: CBI raids at numerous places in Delhi-NCR linked to Gautam Thapar, Avantha Realty
DHFL, GAIL, Bata India, PNB Housing, Tata Motors, Adani Enterprises, Bandhan Bank stocks in focus
SBI: State Bank of India has identified terrible loans worth Rs 20,000 crore that it plans to transfer to the National Asset Reconstruction Company (NARCL), sources close to the development told FE. These non-performing assets (NPAs) incorporate Essar Power Gujarat, Coastal Energy and Reliance Naval.
Yes Bank: Yes Bank on Thursday received board approval for raising up to Rs 10,000 crore by issuing debt securities.
The board of directors in its meeting held on June 10, 2021, viewed as and authorized in search of shareholders’ approval for borrowing funds in Indian/foreign currency up to Rs 10,000 crore by issuing debt securities.
TCS: The future of work will be hybrid, Tata Consultancy Services chairman N Chandrasekaran stated on Thursday, whilst responding to shareholders’ queries at the company’s 26th annual common meeting, held practically for the second year in a row.
NHPC: NHPC on Thursday reported practically 80 per cent jump in its consolidated net profit to Rs 464.60 crore for the March 2021 quarter. Its consolidated net profit had stood at Rs 258.83 crore in the quarter ended on March 31, 2020, a BSE filing stated.
Bharti Airtel: Bharti Airtel has upgraded its mobile network in Himachal Pradesh to provide far better network expertise for its prospects. Airtel has deployed added 17.4 MHz spectrum across 900, 1800 and 2300 MHz bands along with sophisticated network computer software tools to bolster higher-speed information capacity in its network.
Reliance Industries Ltd: RIL stated it has shut a secondary unit at its only-for-exports oil refinery at Jamnagar in Gujarat, which might delay shipment of some item cargoes. “The Fluidized Catalytic Cracker Unit (FCCU) in our SEZ refinery at Jamnagar had to be taken for an emergency shutdown on June 6, 2021,” the firm stated.