Nifty futures had been trading 89 points or .59 per cent up at 15,071 on Singaporean Exchange in early trade on Tuesday, indicating a gap-up opening for BSE Sensex and Nifty 50. In the prior session, NSE’s Nifty failed to hold the 15,000 mark on closing. According to a technical analyst, markets may possibly fall additional till indices cross 15280/51540 levels. “On Tuesday, Nifty/Sensex would find the support between 14860/14890 (50150/50200) levels, however, on the dismissal of 14860/50150, indices could fall to 14730/50000 or 14650/49500 levels,” stated Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities. Today, the concentrate need to be on oil and gas-associated stocks.
Stocks in concentrate today:
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BPCL: On Monday, a sub-committee of the board of directors of Bharat Petroleum Corporation Ltd has authorized the sale of BPCL equity shares which are held by the BPCL Trust for Investment in shares via accelerated book constructed supplying of equity shares on the screen based trading platform of the stock exchanges. The total quantity of equity shares getting presented is upto 15.89 crore equity shares held by the above trust.
Coal India Ltd: CIL will invest an added Rs 47,300 crore to generate 193 million tonne per annum (MTPA) above its sanctioned capacity of making 303.5 MTPA from 24 current projects. While a chunk of the investment earmarked will go in expanding the current 24 projects, there will be fresh investments produced in 8 new projects.
SBI Cards: SBI Cards and Payment Services (SBI Card) on Monday stated it was organizing to raise up to Rs 2,000 crore by issuing non-convertible debentures (NCDs). The business has named a meeting of the board of directors on March 12 to look at and approve raising of funds, which will be raised in one or more tranches more than a period of time, it stated.
Tata Motors: Tata Motors on Monday stated its shareholders have authorized hiving off its passenger automobiles enterprise into a separate entity. On March 5, the shareholders of the business voted to look at and approve the transfer of the passenger automobiles enterprise unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.
Wipro: Wipro announced that Appirio, a Wipro business, is assisting National Grid transform its enterprise with an omnichannel buyer practical experience by unifying its engagement with 68 million buyers across two continents. This worldwide hybrid integration platform was recognized each for its positive enterprise influence and for getting amongst the very first implementations of Runtime fabric for MuleSoft in the US.
PSP Projects Ltd: The business informed that it has received a Letter of Acceptances (LOA) amounting to Rs 1491.34 crore for the building of healthcare colleges and hospitals at various places at Uttar Pradesh. Additionally, the business has secured new work orders worth Rs 25.58 crore for residential and institutional projects from different clientele in Gujarat.