– Nifty futures on Singapore Exchange traded at 115 points, higher at 14,194.50 indicating that Dalal Street is headed for a positive start on Thursday.
– Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc’s sell-off after its disappointing results a day earlier. The Nasdaq Composite added 1.19 per cent to 13,950.22. The Dow Jones Industrial Average rose 0.93 per cent to 34,137.31, while the S&P500 index gained 0.93 per cent at 4,173.42.
– The rupee pared its initial gains to close marginally down by 1 paisa at 74.88 against the US dollar due to worries that the alarming surge in Covid-19 cases could derail the economic recovery in the country. An increase in crude oil NSE -0.51 % prices and losses in the domestic equity markets also weighed on the local unit. .
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HCL Tech, Indiabulls Real Estate: HCL Tech, M&M Financial, Indiabulls Real Estate, Shiva Cement, GNA Axles and Oriental Hotels are some of the companies which will announce their March quarter results today.
Rallis India: The subsidiary of Tata Chemicals reported a consolidated profit after tax (after exceptional items) of Rs 8.12 crore for the March quarter. The company’s consolidated PAT stood at Rs 68 lakh during the corresponding period of 2019-20, Rallis India said in a BSE filing.
Dish TV, ZEEL: Subhash Chandra, whose Zee Group was rescued by Dish TV owner Jawahar Goel in 2018 when he extended his personal holdings in the direct-to-home firm to be pledged by Zee to raise bank loans, said he would soon be returning the shares released by the lenders to his younger brother.
Reliance Industries: Reliance Industries, through an international arm, is finalizing the acquisition of Stoke Park, Britain’s first County Club, from the International Group (IG), owned by the King family, a second-generation UK family business, for around 60 million pounds (Rs 600 cr), they add.
Tata Motors: The automaker said its British arm Jaguar Land Rover (JLR) will be suspending production at two of its plants from April 26 due to supply chain disruption due to COVID-19 pandemic.
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