BSE Sensex and Nifty 50 are probably to extend losses into the third consecutive day on Thursday, on the back of continuous profit-booking by investors post sturdy Budget-driven rally. Nifty futures had been trading 81 points or .54 per cent reduced at 15,057 on Singaporean Exchange in early trade. Sensex ended at 51,309 even though the broader Nifty 50 index at 15,106 in the preceding session. Asian stock markets had been trading reduced in the early trade, even though markets in China, Japan, South Korea and Taiwan are closed for holidays. Hong Kong’s Hang Seng index shed more than half a per cent, even though the Straits Times index in Singapore fell more than .25 per cent. In overnight trade on Wall Street, the S&P 500 and the Nasdaq edged slightly reduced.
Stocks in concentrate today:
ITC, ACC: A total of 442 BSE-listed providers like ITC, Coal India, Power Grid Corporation of India, ACC, Ashok Leyland, General Insurance Corporation of India, MRF, Oil India, Petronet LNG, Power Finance Corporation, Prestige Estates Projects, amongst other individuals are scheduled to announce their quarterly earnings on February 11.
Titan Company: Tata group firm Titan Company reported an 11.81 per cent enhance in consolidated net profit to Rs 530 crore for the third quarter ended in December 2020, led by earnings development in the jewellery division. The firm had posted a net profit of Rs 474 crore in the corresponding period final fiscal.
Magma Fincorp: Adar Poonawalla-controlled Rising Sun Holdings is acquiring a majority stake in non-banking economic firm Magma Fincorp and will be infusing fresh capital into the firm. This will be followed by an open give.
SBI: The State Bank of India has crossed the Rs 5-lakh crore mark in the dwelling loan business enterprise and expects to double the size of its portfolio more than the next 5 years, chairman Dinesh Khara mentioned on Wednesday.
PNB: Punjab National Bank mentioned it has inked a pact with Indian Oil Corporation to provide up to Rs 2 crore to the oil company’s dealers. PNB signed a MoU with India Oil Corporation Ltd to cater to the financing desires of the IndianOil dealers.
Bank of India: Bank of India registered a fivefold enhance in net profit to Rs 541 crore throughout the December quarter (Q3FY21) compared to the corresponding quarter final year. Also, fair trade regulator CCI authorized Bank of India’s acquisition of 49 per cent stake each and every in BOI AXA Investment Managers and BOI AXA Trustee Services.