Nifty futures have been trading 107 points or .75 per cent greater at 14,464 on Singaporean Exchange, indicating a sturdy begin for BSE Sensex and Nifty 50 on Monday. Markets are most likely to stay volatile in this vacation-truncated week on the back of month-to-month derivatives expiry, ongoing corporate earnings and the Union Budget 2021. Equity markets will stay closed on Tuesday, on account of Republic Day. On the international front, the US Federal Reserve monetary policy is also due this week. According to the analysts, the Indian share market place is overvalued from the brief- term point of view though at higher levels, it is vulnerable to a correction. This is the final week prior to the Budget 2021-22.
Stocks in concentrate today:
Reliance Industries Ltd: RIL announced its October-December quarter earnings post market place hours on Friday. Markets will react to the RIL’s corporate earnings very first point today. The oil-to-telecom main posted a 12.55 per cent rise in its consolidated net profit to Rs 13,101 crore. Besides, Mukesh Ambani’s RIL has completed spin-off of the firm’s oil-to-chemical organization into a new unit that will enable it pursue development possibilities with strategic partnerships.
Yes Bank: Yes Bank has reached the peak of asset high-quality strain immediately after reporting heightened challenges in the December quarter earnings, even although there can be a jump in the gross non-performing assets (GNPA) ratio in the March quarter, PTI quoted a best official as saying.
L&T, Kotak Bank: A total of 41 BSE-listed businesses such as Larsen & Toubro, Kotak Mahindra Bank, ICICI Securities, UCO Bank, Can Fin Homes, Mahindra Holidays, Sharda Corpchem, APL Apollo Tubes, Navin Fluorine, amongst other folks are slated to announce their third-quarter earnings today.
Birla Corporation: Birla Corporation has reported an 82 per cent on-year jump in its consolidated net profit to Rs 148.42 crore for the third quarter this fiscal from Rs 81.49 crore for the very same period final fiscal.
BPCL: Bharat Petroleum Corporation Ltd expects to expand its buyer base 10-fold to one particular million beneath a new buyer loyalty campaign, PTI cited a senior organization official as saying. The new campaign ‘Get 100X Bonus Petromiles’ beneath its programme ‘SmartDrive’ will supply prospects added benefits like additional bonus reward points on every transaction of fuel buy via a scratch card in the SmartDrive App.
Apollo Hospital Enterprise Ltd: The fundraising committee on January 23, 2021, authorized allotment of 46.59 lakh equity shares of face worth 5 every to eligible certified institutional purchasers at the problem price tag of Rs 2,511 per equity share, a premium of 2,506 per equity share aggregating to 1,169.9 crore.
Hinduja Global Services (HGS): HGS mentioned its UK unit has acquired 8.23 per cent stake in HGS Digital LLC. Hinduja Global Solutions UK Ltd currently held 91.77 per cent equity interest in HGS Digital LLC (formerly recognized as Element Solutions LLC, USA).