The Indian market is likely to open higher today as the SGX Nifty rose 29 points to 16,205. The opening of the Indian market is thought to be the first indication of the Singapore Stock Exchange.
The Indian equity market was flat on Monday in a highly volatile session. The Sensex closed at 54,288, 37.78 points or 0.07 per cent lower. The NSE Nifty was a loss of 51.45 points or 0.32 per cent to close at 16,214, the broader NSE Nifty declined 51.45 points or 0.32 per cent. Tata Steel was the top Sensex loser, losing 12.53 per cent, followed by UltraTech Cement, ITC, Power Grid, HDFC, HDFC Bank, HCL Technologies, and Reliance Industries.
M&M, Maruti, Hindustan Unilever, Larsen Toubro, Asian Paints and Kotak Mahindra Bank were among the top sectoral gainers, rising up to 4.14 per cent.
Here are the stocks that are likely to remain in news today.
Delhivery: The firm is going to make its stock market debut today.
The company had reported net loss of 134 crore in the year-ago period. In the same quarter last fiscal, Zomato's consolidated revenue from operations increased by 75 per cent to 1,212 crore, against 692 crore in the same quarter last fiscal.
Marico: The FMCG major has announced a strategic investment in the healthy breakfast and snack brand True Elements, with an acquisition of 54 per cent of the company through primary infusion and secondary buy-outs. True Elements, co-founded by Puru Gupta and Sreejith Moolayil, claims to be a brand that uses zero preservatives, no chemicals or added sugar in its offerings. The brand offers a wide range of more than 70 products spanning across categories of western breakfast, including oats, muesli, granola, flakes Indian breakfast like poha, upma, dosa snacks roasted seeds, seed mixes, raw seeds and others.
Maruti Suzuki India: The country's largest carmaker will buy 12.09% of its equity stake in Sociograph Solutions Pvt Ltd for Rs 2 crore. SSPL is an artificial intelligence software company that specialises in visual AI and helps enterprises improve their sales experiences and improve efficiency in their business.
Oil and Natural Gas Corporation: The state-owned company said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN 98 2 block.
Birlasoft said the company had net profit of 132.897 crore in Q 4 against Rs 113.967 crores for the quarter ago period. Revenue rose to 1,104. 2 crore against 1,071 rupees. 9 crore. The company will buy back up to 2.79 per cent of shares at a price of Rs 500 apiece for an amount of up to 390 crore.
Ramco Cements consolidated net profit fell 45.22 percent in Q4 as a result of the company's consolidated net profit of Rs 118.27 crore. Revenue rose 4.94 percent to 1,722. In the last quarter, 68 crore were compared to 1,641 in the last quarter. The previous fiscal year, 53 crore were spent in that period.
Bharat Electronics: Net profit for March fell 16 percent year-on-year to Rs 1140 crore. Revenue for the quarter fell 9 percent to 6320 crore.
Shilpa Medicare: The board of directors has recommended and considered the payment of a dividend of Rs. Equity share of face value of Rs is 1.10 110%.