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Market opening - An Overview
Nifty futures on the Singapore Exchange traded 151 points, or 1.01 per cent, higher at 15,097, signaling that Dalal Street was headed for a positive start on Tuesday.
The dollar teetered near multi-month lows against European currencies this morning. On Monday, the rupee rose for the second straight session on Monday to close 7 paise higher at 73.22 against the US dollar on the back of positive domestic equities and weak American currency.
The rupee rose for the second straight session on Monday to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency.
Shares in News today:
Bharti Airtel: The telecom operator reported a consolidated net profit of Rs 759 crore for the fourth quarter of financial year ended on March 31, 2021, and an annual turnover of more than Rs 1 lakh crore for the first time. The company had posted a loss of Rs 5,237 crore in the same period a year ago.
Gland Pharma: The recently listed drug firm reported a 34 per cent rise in its consolidated net profit to Rs 260.4 crore for the fourth quarter ended March 2021, on account of robust sales. The company had posted a net profit of Rs 194.8 crore for the corresponding period of the previous fiscal.
GNFC: GNFC reported a 29.37 per cent growth in net profit at Rs 308.03 crore for the quarter ending March 31 compared to the same period of the previous financial year.
Reliance Industries: RIL’s telecom arm Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand.