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Market opening - An Overview
SENSEX and NIFTY expected to grow as RBI Guv. makes an unannounced speech today at 10:00 AM
Nifty futures on the Singapore Exchange traded 52 points, or 0.36 per cent, higher at 14,584.50 in signs that Dalal Street was headed for a positive start on Wednesday.
Stocks are closing lower on Wall Street Tuesday, dragged down by big technology companies like Apple and Microsoft. The S&P500 fell 28 points, or 0.7 per cent, to 4,164.66. The Dow Jones Industrial Average rose 19.80, or 0.1 per cent, to 34,133.03. The Nasdaq fell 261.61 points, or 1.9 per cent, to 13,633.50.
Rising for the second day in a row, the rupee closed 10 paise higher at 73.85 against the US currency on Tuesday on dollar selling by traders.
Shares in News today:
RBL Bank: Small-sized private lender RBL Bank reported a 34 per cent decline in its March quarter profit to Rs 75 crore compared to Rs 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments.
Maruti Suzuki: Expects some impact on its production if lockdowns and curfews imposed across various states continue amid the second wave of COVID-19 sweeping across the country.
L&T Infotech: The IT company reported a 27.6 per cent rise in consolidated net profit to Rs 545.7 crore for the quarter ended March 2021. This was against a net profit of Rs 427.5 crore in the same period a year ago.
Adani Total Gas: The city gas joint venture of Adani Group and French energy giant Total, reported a 19 per cent rise in its March quarter net profit as the firm expanded operations in newer geographies, resulting in higher sales volumes.
Alembic Pharmaceuticals: The drug firm reported an 11.60 percent rise in consolidated net profit to Rs 250.70 crore for the quarter ended March 2021, mainly on account of robust sales. The company had posted a net profit of Rs 224.63 crore for the corresponding period of the previous fiscal.