Nifty futures have been trading 66 points or .44 per cent greater at 15,095 on Singaporean Exchange, suggesting gap-get started for BSE Sensex and Nifty 50 on Monday. February’s Wholesale Price Index (WPI) numbers are scheduled to be released later in the day. Investors will continue to keenly watch updates on COVID-19 predicament, oil costs, movement in rupee and other worldwide cues. According to an analyst, the 14850/50150 could be a decisive assistance and if it breaks, the Nifty/Sensex could move closer to 14650/49500 or 14500/49000. “It seems difficult to get out of weakness immediately. However, if Indices hold above 15,200/51250 levels, we can see an upward activity,” stated Shrikant Chouhan, Executive Vice, Equity Technical Research at Kotak Securities.
Stocks in concentrate today:
SBI Cards and Payment Services Ltd: SBI Cards and Payment Services Ltd (SBI Card) on Friday stated it has received the board’s nod to raise up to Rs 2,000 crore by issuing bonds. “The board of directors of the company, at its meeting held today (Friday), has approved raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore,” it stated in a regulatory filing.
MTAR Technologies: MTAR Tech shares will make its industry debut today. The IPO was sold in the price tag badn of Rs 574-575 per share. Analysts count on a bumper listing for MTAR Technologies.
JSPL: Jindal Steel and Power Ltd on Friday reported an 18 per cent jump in its crude steel output to 6.53 lakh tonnes (LT) in February this year. The corporation had created 5.54 LT steel in February 2020.
ONGC: ONGC has observed its contribution to the national production jump to more than 70 per cent from below 53 per cent a decade back, petroleum ministry information showed. While Oil and Natural Gas Corporation maintained production levels, output by other operators has dropped, top to an all round fall in India’s output and a sharp rise in import dependency.
Kotak Mahindra Bank: The board of directors authorized dividend on 8.10 % non-convertible perpetual non-cumulative preference shares for FY21. The company’s board authorized the payment of dividend on one hundred crore Nos. 8.10% Non-Convertible Perpetual Non-Cumulative Preference Shares of face worth of Rs 5 each and every for the period commencing from April 1, 2020 till March 31, 2021, as per their terms of situation.
Titan Company: Titan Company has absolutely exited from the joint venture (JV) with Montblanc India Retail Private Limited (MB India). MB India ceased to be an associate/JV corporation of Titan w.e.f March 12, 2021.