Nifty futures have been trading 18 points down at 15,836 on Singaporean Exchange, indicating a muted opening for BSE Sensex and Nifty 50 on Wednesday. The markets have been reaching new peaks for last couple of days. On technical charts, Nifty has been trading in an uptrend channel on the intraday chart and at the moment hovering about the upper band of the identical. “We’re seeing an early sign of a rebound in the banking index which could trigger a further surge,” stated Ajit Mishra, VP – Research, Religare Broking. He advised traders to continue their focus on the choice of stocks and stay away from contrarian bets.
Stocks in focus
RITES, Nureca: BSE-listed businesses such as RITES, Asahi India Glass, CESC, Commercial Syn Bags, DIC India, Kakatiya Cement Sugar, Manaksia Steels, Nureca, Pritika Auto Industries, Somany Ceramics, and Welspun Enterprises, will announce their January-March quarter earnings on June 16.
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Bharti Airtel, Coal India, Jubilant MealsWorks, Reliance Power, PNB Housing, Adani group stocks in focus
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DHFL, Coal India, Axis Bank, Reliance Power, Ruchi Soya, Adani Enterprises stocks in focus
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RIL, TCS, Bharti Airtel, SBI, Yes Bank, NHPC, BHEL, DLF, BEML stocks in focus
Wipro: Wipro announced that it has joined the World Economic Forum’s Partnership for New Work Standards initiative to establish a healthful, resilient and equitable future of work. This initiative aims to co-make new frameworks, shape forward-considering people today policies and make use of tools and technologies to collectively develop human-1st work requirements, with people today at the
heart of enterprise.
Reliance Industries Ltd: RIL’s digital arm Reliance Jio will commence Jiofiber post-paid broadband service from June 17 with no charging installation charge on new connections, PTI cited a enterprise supply as saying. The enterprise at present charges Rs 1,500 as an installation charge for new connections.
Dalmia Bharat: Dalmia Bharat Sugar and Industries on Tuesday stated it will improve its ethanol manufacturing capacity to 15 crore litre per annum from the existing 8 crore litre beginning January 2022. The announcement closely follows the government’s selection to meet the target of 20% ethanol blending in petrol by 2025.
Reliance Home Finance: The timeline for voting on bids for Reliance Home Finance (RHF ) has been extended till June 19, as some lenders could not cast their vote till Tuesday evening, sources close to the development told FE.
Power Finance Corporation: Power Finance Corporation (PFC) has reported a net profit of Rs 8,444 crore for the fiscal ended March 2021 on a standalone basis, recording a 49% year-on-year rise from the year-ago period on the back of larger interest revenue and reduce price of funds.
Jagran Prakashan: In an NSE bulk deal on Tuesday, Franklin Templeton Mutual Fund sold 16.17 lakh equity shares of Jagran Prakashan at Rs 61.79 per share.