Domestic equity marketplace benchmarks BSE Sensex and Nifty 50 had been staring at a unfavorable opening on Tuesday, as recommended by the trends on SGX Nifty. Nifty futures had been trading 26.50 points or .18 per cent down at 14,696 on Singaporean Exchange. Markets are most likely to stay volatile amid ongoing RBI’s MPC deliberation, which began Monday. The Reserve Bank will announce the resolution of the Monetary Policy Committee (MPC) on April 7. The quick term trend of Nifty remains variety bound about 14900-14400 levels, mentioned Nagaraj Shetti, Technical Research Analyst, HDFC Securities. “Present daily and intraday chart setup signal chances of yet another upside bounce towards 14900 levels again in the short term, before showing another round of weakness from the highs,” Shetti added.
Stocks in concentrate today:
Maruti Suzuki: Maruti Suzuki India Ltd (MSIL) reported production of 1.72 lakh autos in March 2021, against 92,540 autos produced in the corresponding period. While passenger autos production elevated to 1.7 lakh autos from 91,602 autos in the very same period.
HDFC Bank: HDFC Bank’s advances registered practically 14 per cent development by finish of March 2021 at Rs 11.32 lakh crore, whilst deposits had been up by more than 16 per cent at Rs 13.35 lakh crore, the lender mentioned on Monday.
Union Bank of India: Union Bank of India is seeking to digitise and automate its recovery processes, according to a tender document issued by the lender. It has sought bids from vendors to implement the software program answer and sustain it for 5 years.
NTPC: State-owned energy giant NTPC Ltd on Monday mentioned it has added 660 MW Unit-2 of Tanda Super Thermal Power Station in Uttar Pradesh to its installed capacity. In October 2019, Unit 1 of 660 MW of stage-II of Tanda Super Thermal Power Station (2×660 MW) was added to the company’s installed capacity.
Panacea Biotec: Panacea Biotec has announced that the Russian Direct Investment Fund
(RDIF, Russia’s sovereign wealth fund), and Panacea Biotec has agreed for cooperation to make one hundred million doses per year of Sputnik V, the world’s initial registered vaccine against coronavirus.
Burger King India: ICRA has upgraded Burger King India’s extended term and quick term credit rating to A- & A2+, from BBB+ & A2 respectively and revised outlook to steady from unfavorable, due to prepayment of whole debt on its balance sheet following productive completion of IPO in December 2020.
IRCON International: The corporation informed that board of directors have authorized and suggested the issuance of totally paid up bonus shares in the ratio of 1: 1 (i.e. one totally paid up equity share for every single one totally paid up equity share held, topic to the shareholders’ approval by means of Postal Ballot.