The national stock indexes BSE Sensex and Nifty 50 are expected to open in positive territory on Thursday. Trends on SGX Nifty point to a beginning of a gap for benchmarks, with Nifty futures trading at 65.50 points or 0.44% at 14,929. Indian stock markets will be inspired by their global peers as well. than corporate profits that would start from next week and keep markets volatile. “Concerns about the rapid spread of the second wave of Covid in India persist. Overall, markets are likely to remain in a consolidating mode for some time while awaiting further positive triggers, ”said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd.
Stocks at a glance today
RIL: Financial market regulator SEBI imposed a penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other persons and entities for failing to meet redemption standards in a 2000 Reliance Industries Ltd (RIL) case Among the others penalized by the regulator are Nita Ambani (wife of Mukesh Ambani) and Tina Ambani (wife of Anil Ambani).
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RIL, Bharti Airtel, Barbeque-Nation, Tata Steel, Inox Leisure, banking, automotive and real estate stocks will remain at the center of the concerns
Reliance Jio partners with Bharti Airtel in Delhi, Mumbai, Andhra; buys telecom spectrum Rs 1,500 cr
Home Barbeque-Nation: Through a global deal on Wednesday, UTI Mutual Fund liquidated 2.50 lakh shares of newly listed Barbeque-Nation Hospitality at Rs 579.62 each. In another wholesale deal, Integrated Core Strategies Asia offloaded 4.01 lakh shares of the dininig causal chain at Rs 545.15 per share.
Bharti Airtel: Bharti Airtel has launched an integrated platform for the Internet of Things (IoT) that has the ability to connect and manage billions of devices and applications securely. The platform will be based on the company’s 5G-capable network with an option to deploy narrowband, 4G or 2G IoT connectivity using Airtel e-SIM technology.
Tata power: Tata Power Solar Systems commissioned additional module and cell manufacturing capacity on Wednesday, bringing the total capacity to 1,100 megawatts (MW), from the 700 MW that previously existed.
Dixon Technologies: The company has entered into a Memorandum of Understanding with Bharti Enterprises to form a joint venture to apply for the Government of India’s Production Incentive Program (PLI) for the manufacture of telecommunications and network products such as modems, routers , set-top boxes, IOT devices, etc. .
Future retail: Amazon moved the Supreme Court against the Delhi High Court Division Bench Order of March 22 which lifted the stay granted by a single judge bench on the agreement of Rs 24,713 crore Future Retail-Reliance Retail .