Nifty futures have been trading 237.50 points or 1.55 per cent down at 15,057.50 on Singaporean Exchange on Thursday, indicating a gap-down opening for BSE Sensex and Nifty 50. In the final 3 days of the rally, Sensex has risen by 2,344.66 points or 4.77 per cent, although the Nifty has added 716.45 points or 4.93 per cent. Moreover, the marketplace capitalisation of the BSE-listed corporations has zoomed by Rs 9.41 lakh crore to attain Rs 210.22 lakh crore on Wednesday. According to a technical analyst, the Nifty / Sensex is recovering from a corrective pattern and traders need to have to be cautious till the Nifty 50 index comfortably cross 15435. “The Nifty / Sensex may move to the level of 16000/54200 in the next few days or weeks on the decisive dismissal of the level of 15435/52520,” mentioned Shrikant Chouhan, Executive Vice President (Equity Technical Research), Kotak Securities.
Stocks in concentrate today:
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Railtel Corporation of India: Vaibhav Stock and Derivatives Broking Private Ltd purchased 20.21 lakh shares of RailTel Corporation of India at Rs 174.78. The similar have been then sold by Vaibhav Stock and Derivatives Broking Private Ltd at Rs 174.86, according to the NSE bulk offers.
IRCON: The Offer for sale (OFS) of IRCON was more than-subscribed on the initial day of concern by institutional investors. The government is promoting up to 16 per cent stake at a floor value of Rs 88 a share in railway PSU IRCON. The concern will open for retail investors on Thursday.
YES Bank: Shareholders of Yes Bank have authorized a proposal for raising Rs 10,000-crore capital with the requisite majority. The lender has mentioned in a regulatory filing that 98.78% votes have been cast in favour of the resolution to raise capital.
Bharti Airtel: The telecom giant Bharti Airtel in a BSE filing informed the corporation has raised $750 million on March 03, 2021, via allotment of unsecured senior fixed price notes.
HDFC Ltd: Housing Development Finance Corporation informed that HDFC has lowered its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) have been benchmarked, by 5 basis points, with impact from March 4, 2021.