Nifty futures had been trading 37 points or .25 per cent larger at 14,882 on Singaporean Exchange on Thursday, suggesting a positive start out for BSE Sensex and Nifty 50. Technical analysts say that the Nifty index has offered a breakout of its upper band of Falling Wedge formation, which signifies a bull run in the counter. “The index has offered closing above 21-DMA, which suggests strength in the index. Additionally, the MACD indicator is trading with a positive crossover which suggests a positive rhythm in the counter. At present, the help has shifted to 14600 levels even though an upside resistance appears at 15000 levels, stated Sumeet Bagadia, Executive Director at Choice Broking.
Stocks in concentrate today:
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Titan Company, HUL: As quite a few as 34 BSE-listed corporations like Ambuja Cements, Agro Tech Foods, AU Small Finance Bank, Bajaj Auto, Exide Industries, Hindustan Unilever Ltd, Embassy Office Parks REIT, Mahindra Logistics, Inox Leisure, Tata Coffee, Titan Company, and Zensar Technologies, will declare their January-March quarter earnings on April 29.
Reliance Industries Ltd: Mukesh Ambani’s RIL is reported to have held talks with Saudi Aramco on a money and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm, according to a PTI report. Saudi Arabia’s Crown Prince Mohammed bin Salman late on Tuesday hinted at talks to sell a minority stake in the Saudi national oil enterprise to a foreign investor.
PowerGrid InvIT IPO: PowerGrid Infrastructure Investment Trust (InvIT) on Wednesday raised a tiny more than Rs 3,480 crore from anchor investors ahead of its initial public provide, which opens for subscription on Thursday. PowerGrid InvIT is seeking to raise Rs 7,735 crore via the problem which will involve a fresh problem as effectively as an provide for sale (OFS) of current units.
Bharti Airtel: Airtel is focused on making sure its services provide predictability to prospects in these challenging instances and has made an investment of more than Rs 18,000 crores to acquire spectrum that will significantly enhance indoor coverage in coming months, its Chief Executive Officer Gopal Vittal has stated.
Bajaj Finserv: Bajaj Finserv posted a 4-fold jump in its consolidated net profit to Rs 979 crore in the January-March quarter of the FY21, even as consolidated revenue rose 16 per cent on-year to Rs 15,387 crore. The enterprise stated the consolidated profit for the most current quarter was not comparable.