After gaining more than 2.5 per cent in the prior week, BSE Sensex and Nifty 50 are set to commence the week on a positive note on Monday. NSE’s Nifty might reclaim the vital 15,000-mark on opening, as recommended by the trends on SGX Nifty. Nifty futures had been trading 138.50 points or .93 per cent greater at 15,092 on Singaporean Exchange. Market participants will closely watch trends in extended-term bond yield, crude oil rates and macroeconomic information this week. On Monday, Brent crude futures jumped 2.6 per cent to $71.17 a barrel for the initial time given that the COVID-19 pandemic started, following reports of attacks on Saudi Arabian oil facilities.
Stocks in concentrate:
Easy Trip Planners IPO: Easy Trip Planners’ Rs 510-crore initial public providing (IPO) will open for subscription on Monday, March 8, 2021. The publis concern will totally be an Offer For Sale (OFS) by current shareholders. The concern will stay open for subscription till March 10.
Cipla: Drug main Cipla on Saturday stated it has voluntarily liquidated a wholly-owned step-down subsidiary. “This liquidation was a part of internal reorganisation and it will not affect performance or revenue of the company,” Cipla stated in a BSE filing.
NMDC: NMDC has left the cost of lump ore unchanged at Rs 5,one hundred per tonne and Rs 4,210 per tonne for fines in its most current cost revision announced on Saturday. Iron ore is the crucial raw material employed in steel producing. Any transform in its rates has a direct influence on the prices of steel.
India Oil, Oil India, HPCL: Oil rates surged greater on Monday morning following Iran-backed Houthi rebels unleashed a coordinated attack on Saudi Arabia oil facilities and military bases. Brent crude oil rates jumped more than 2 per cent to trade above $70 a barrel. The cost of Brent Crude and WTI enhanced sharply by 11.6% and 13.4% sequentially in February, and by 11.3% and 17.4%, respectively, on a y-o-y basis.
PVR: PVR plans to invest Rs 150 crore to open up to 40 screens across the nation in the next fiscal. The company’s target of obtaining 1,000 operational screens has been pushed by a year due to the outbreak of the COVID-19 pandemic to the finish of fiscal 2022-23, PTI quoted a major business official as sayg.
Reliance Home Finance: Reliance Home Finance Ltd (RHFL) on Saturday stated it has defaulted on loan of more than Rs 40 crore from Punjab & Sind Bank even as the business has sufficient money and money equivalent which it can’t use due to a court order. As per PTI report, Reliance Capital’s subsidiary defaulted on loan on February 15, 2021, and the existing quantity of default is Rs 40 crore alongside an interest of Rs 15 lakh.