The stock market on Thursday, March 18, ended in negative for the fifth consecutive session where both the BSE Sensex and NSE Nifty lost over 1 percent. The indices on Friday, March 19, following the same trend are likely to open lower as at 7:20 am the SGX Nifty was trading at 67.50 points or 0.46 percent lower at 14,528.00. On March 18, The BSE Sensex shed 585.10 points or 1.17 percent to close at 49,216.52. Similarly, the NSE Nifty fell 163.45 points or 1.11 percent to settle the day at 14,216.52.
Top stock to look for the day:
GAIL India: A concession agreement has been signed between GAIL India and Ranchi Municipal Corporation for setting up a compressed biogas plant in Ranchi.
IT Stocks: Accenture registered an 8 percent growth at USD 12 billion for the 2021 February quarter. Driven by digital, the company also increased its guidance for FY21 to 6.5-8.5 percent.
Godrej Industries: ‘AA’ rating has been assigned to the company’s proposed issue of non-convertible debentures of up to Rs 1,500 crore by ICRA, the company has informed.
Easy Trip Planners: On March 19 the shares of the company will be listed on the exchanges.
Tata Steel: The officials of the company will on March 22 interact with Investec Capital Service and Neuberger Berman and on March 23 will attend 24th Credit Suisse Asian Investment Conference.
Future Retail: A special leave petition filed by Amazon in the case involving the Future Retail- Reliance Industries deal will be heard by the Supreme Court in the last week of April 2021.
Deepak Nitrite: Long-term rating outlook for bank loan facilities of Rs 750 crore of the company has been upgraded by the rating agency CRISIL from ‘AA-/Positive’ to ‘AA/Stable.
Indo Count Industries: Expansion of the company’s bed linen capacity by around 20 percent from its existing annual capacity of 90 million meters to 108 million meters has been approved by the Indo Count Industries’ project management committee by debottlenecking and balancing its facilities.