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Market opening - An Overview
Nifty futures on Singapore Exchange traded 43.5 points, or 0.29 per cent, lower at 15,206 signaling that Dalal Street was headed for a negative start on Wednesday.
Fears about the state of the US economic recovery turned Wall Street negative at the close Tuesday, reversing gains made in early trading.
The rupee strengthened by 19 paise to end at 72.77 against the US dollar on Tuesday, tracking weakness in the American currency in the overseas market.
Shares in News today:
Bayer CropScience: The agrochemical producer reported doubling of its profit to Rs 61.9 crore for the March 2021 quarter. The company’s profit had stood at Rs 31.5 crore during the corresponding quarter of 2019-20.
HDFC: The lender said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis. The base issue size for the secured redeemable non-convertible debentures (NCDs) is Rs 5,000 crore with an option to retain oversubscription of up to Rs 2,000 crore.
Bajaj Electricals: The electronic appliance manufacturer reported a consolidated net profit of Rs 54.26 crore for the quarter ended March 31, 2021. It had registered a net loss of Rs 81 lakh in the January-March period of the previous financial year.
Emami: The FMCG firm reported a three-fold jump in its consolidated net profit to Rs 87.73 crore for the quarter ended March 31. The company had posted a net profit of Rs 22.75 crore during the March quarter of the previous financial year.
Newgen Software Technologies: The IT consulting firm said it has clocked a 27.2 per cent rise in consolidated net profit at Rs 52.7 crore for the March 2021 quarter. The company had registered a net profit of Rs 41.5 crore in the year-ago period.