Nifty futures have been trading at 14,856, up 110 points or .75 per cent, on Singaporean Exchange, suggesting a gap-up opening for BSE Sensex and Nifty 50 on the 1st trading day of FY22. Investors will continue to watch increasing COVID-19 circumstances, ongoing vaccination drive, oil costs, rupee movement against US dollar and other worldwide cues. The industry weakness of Wednesday has not impacted considerably on the quick term uptrend status of the industry, says Nagaraj Shetti, Technical Research Analyst, HDFC Securities. “We are not expecting any major weakness from here and any further decline is likely to form a higher bottom around 14600-14500 and that could eventually pull the market towards the hurdle of 14900 again. Immediate support is placed at 14620,” he added.
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Indian Overseas Bank: Indian Overseas Bank in its BSE filing stated it has received a capital infusion of Rs 4,one hundred crore from the government towards the contribution of Central Government in the preferential allotment of equity shares of the bank in the course of the Financial Year 2020-21, as government’s investment.
Future Enterprises: Future Enterprises (FEL) stated it had failed to make interest repayment of Rs 15.95 crore towards its non-convertible debentures (NCDs). This will be the second default by a Future Group entity in a month, immediately after Future Consumer failed to repay bondholders in February this year.
Central Bank of India: The bank informed that the Government of India has conveyed the sanction of President of India for release of Rs 4800 crore to Central Bank of India towards contribution of the Central Government in the preferential allotment of equity shares in the course of the economic year 2020-21.
Bank of India: The bank in a BSE filling informed that Government of India has infused capital of Rs 3,000 crore in Bank of India for the objective of preferential allotment of equity shares immediately after obtention of shareholder’s approval in the extraordinary common meeting and other connected regulatory approvals.
UCO Bank: Government of India conveyed their sanction for release of Rs 2600 crore towards contribution of the Central Government in the preferential allotment of equity shares of UCO Bonk.
Adani Enterprises: Adani Enterprises on Wednesday stated it has incorporated a wholly-owned subsidiary, Vizag Tech Park Ltd (VTPL), with an authorised share capital of Rs 5 lakh, to create a information centre and small business park.
Axis Bank: Axis Bank has entered into a share acquire agreement on 31st March 2021 for sale of one hundred% stake in its subsidiary, Axis Bank UK Limited to OpenPayd Holdings Ltd.
Adani Green Energy: Adani Green Energy Limited has completed acquisition of one hundred% of the share capital and all the securities of Surajkiran Renewable Resources Private Limited from Skypower Southeast Asia III Investments Ltd and Skypower Southeast Asia Holdings 2 Ltd.
Hindustan Aeronautics Ltd: HAL in its BSE filing, stated in spite of the COVID-19 pandemic, the corporation had recorded a income development of about 6 per cent in FY 2020-21 due to the enhanced productivity immediately after suspending the operations for one month in the starting of the year