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Delhi News

LIC Housing Finance, Bharat Forge, Vedanta, Reliance Industries


Trends on SGX Nifty indicated a gap-up opening for the domestic markets.

New Delhi:

The domestic stock indices are likely to trade higher on Tuesday, taking cues from their Asian peers. Asian shares were in the green today as Japan’s Nikkei index rose 1.82 per cent, South Korea’s KOSPI moved 0.49 per cent higher, and Hong Kong’s Hang Seng index climbed 0.87 per cent. Trends on SGX Nifty indicated a gap-up opening for the markets back home. The Nifty Futures on Singapore Exchange, also known as the SGX Nifty Futures, rose 48.75 points or 0.32 per cent to 15,414.80.

The 30-share BSE Sensex had jumped 237 points or 0.46 per cent to close at 51,598 on Monday, while the broader NSE Nifty had moved 57 points or 0.37 per cent up to settle at 15,350.

Here Are Stocks To Watch During Today’s Session:

LIC Housing Finance: Mortgage player LIC HFL has raised its prime lending rate (LHPLR) by 60 basis points (bps). With this increase, the new interest rates, effective from June 20, on home loans will now start from 7.50 per cent, the company said.

Bharat Forge: The company said it would consolidate its electric vehicle (EV) business initiatives under Kalyani Powertrain (KPL), a wholly-owned subsidiary, for a better strategic alignment.

Vedanta: Mining mogul Anil Agarwal’s Vedanta Ltd has put on sale its copper smelter plant in Tuticorin, Tamil Nadu. The company sought initial bids, called an Expression of Interest (EoI), for the plant having capacity to produce 400,000 tonnes a year by July 4. The plant was shut four years after 13 people were killed in a police firing on protestors agitating against alleged pollution by the unit.

Reliance Industries: Market regulator SEBI has fined Reliance Industries (RIL) and two of its compliance officers for violating fair disclosure norms during Facebook’s $5.7 billion investment in its digital unit (Jio Platforms) in 2020.

Telecom stocks: The government has proposed to provide Rs 4,000 crore incentive to promote design-led manufacturing in telecom sector under the production-linked incentive (PLI) scheme.

Further, Indiabulls Housing Finance and RBL Bank are the two stocks in F&O (Futures and Options) ban period today.



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Categories
Delhi News

Paytm, Sapphire Foods, Vedanta, Zomato


Trends on SGX Nifty indicated negative opening for the domestic markets.

New Delhi: The domestic stock markets are expected to trade in red on Thursday, taking cues from the global markets. Asian stocks traded lower as Japan’s Nikkei fell 0.80 per cent, South Korea’s KOSPI was down 0.22 per cent and Shanghai Composite index dropped 0.37 per cent. Trends on SGX Nifty also indicated negative opening for the markets back home. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures plunged 0.60 per cent or 107.50 points to 17,879.50.

The benchmark BSE Sensex had ended 314.04 points or 0.52 per cent lower at 60,008.33 on Wednesday; while the broader NSE Nifty had declined by 100.55 points or 0.56 per cent to close at 17,898.65.

Here Are Stocks To Watch During Today’s Session:

Paytm: Paytm operator One97 Communications will be listed on the exchanges today. The issue price has been fixed at Rs 2,150 per share.

Sapphire Foods: KFC operator will also make its stock market debut today. The issue price has been fixed at Rs 1,180 per share.

Zomato: The restaurant aggregator and food delivery company is in talks to invest as much as $500 million in Grofers. The proposed deal marks an extension of its food delivery battle with Swiggy into the commerce segment. In a separate development, Zomato UK, a step-down subsidiary of the company, has been dissolved. 

Vedanta: The company has said it is evaluating a full range of options and alternatives including demerger(s), spin-off(s), strategic partnerships for unlocking value and simplification of corporate structure.

BPCL: The government is aiming to complete the privatisation of five to six state-owned firms, including Bharat Petroleum Corp Ltd, this fiscal, Secretary of the Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey has said. Mr Pandey also said that the Centre aims to close the privatisation of BEML and Shipping Corp of India and list the insurance behemoth Life Insurance Corp (LIC) on local bourses by March 2022.



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For more information call us at 9891563359.
We are a group of best insurance advisors in Delhi. We are experts in LIC and have received number of awards.
If you are near Delhi or Rohini or Pitampura Contact Us Here