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Market opening - An Overview
Nifty futures on the Singapore Exchange traded 101 points, or 0.66 per cent, higher at 15,302.50 signaling that Dalal Street was headed for a positive start on Tuesday.
Wall Street stocks were back in rally mode on Monday, shrugging off recent bouts of volatility and embracing hopes for brighter days as the pandemic ebbs.
The Indian rupee fell by 13 paise to close at 72.96 against the US currency on Monday, as investors appeared unsure amid lack of cues on the domestic and global front.
Shares in News today:
Infosys: The co-founder of IT giant SD Shibulal purchased shares worth Rs 100 crore of the company through an open market transaction. Shibulal bought over 7.45 lakh shares at an average price of Rs 1,342.05 per share, valuing the transaction at Rs 100 crore, BSE block deal data showed.
Dalmia Bharat Sugar: The sugar company reported a 16 per cent fall in its consolidated net profit at Rs 51.86 crore for the fourth quarter of the last fiscal year on lower income. Its net profit stood at Rs 61.95 crore in the year ago period.
Bharti Airtel: The telecom major said its network is fully ready for 5G and also announced deployment of additional spectrum in Karnataka and Tamil Nadu to boost network quality.
India Cements: N Srinivasan led cement company reported a standalone net profit at 71.63 crore for the fourth quarter ended March 2021 on the back of strong sales. It had posted a standalone net loss at Rs 111.07 during the same quarter last fiscal.
ITC: The hotel division of the FMCG major ITC Hotels said that it became the first hotel chain in the world to receive the platinum level certification in infection risk management from Norway-based DNV, a global leader that aims at boosting customers’ confidence in the wake of the ongoing pandemic.