A number of factors, such as macroeconomic data, news related to the COVID-19 vaccine, coronavirus cases, oil prices, the trajectory of the rupee and other global signals, will set the tone of the market for today.
Nifty futures were trading up 48.50 points to 13,582.50 on the Singapore Stock Exchange in early trading on Monday. The trends suggested that the BSE Sensex and Nifty 50 could open higher today. A number of factors, such as macroeconomic data, news related to the COVID-19 vaccine, coronavirus cases, oil prices, the trajectory of the rupee and other global signals, will set the tone of the market for today. “We reiterate our positive but cautious approach citing overbought conditions and suggest limiting leveraged positions. It is prudent to stick with a specific trading focus on stocks and use declines to add quality stocks, ”said Ajit Mishra, Research Vice President at Religare Broking Ltd.
Actions in focus today
Burger King India: Burger King India shares are scheduled to debut today on the BSE and NSE. The 810 crore IPO was signed 156.65 times during the three-day bidding process. Burger King India shares last traded at a premium of Rs 50-55 per share on the gray market over their issue price of Rs 59-60.
SI Bank: Yes, the bank in a presentation of the EEB reported that it has sold 15 lakh of capital shares with a par value of 10 rupees each, which constitutes 2.56 percent of the paid-up share capital of SICAL logistics limited in various tranches The last being on December 10, 2020 as a result of a change in the bank’s stake in more than 2 percent of SICAL’s total stake.
JSW Steel Ltd: JSW Steel Ltd’s indirect wholly-owned subsidiaries, Periama Holdings, LLC, had raised $ 500 million by assigning fixed-rate senior unsecured notes that were guaranteed by the company.
DHFL: Dewan Housing Finance Company Ltd said on Sunday that transaction auditor Grant Thornton (GT) has detected fraudulent transactions of Rs 1,058.32 crore for undervaluation, fraud and preferential treatment of certain entities.
Bharti Infratel: Bharti Infratel received approval from the Registrar of Companies to change its name to Indus Towers, following the recent merger of the two companies to create a mega tower entity.
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