Domestic fairness market benchmarks BSE Sensex and Nifty 50 have been observing a tepid begin on Wednesday, on the day of weekly F&O expiry. Nifty futures have been buying and selling 9.50 factors or 0.05 per cent up at 17,574.50 on Singaporean Exchange. After falling 666 factors intra-day on Tuesday, the Sensex closed decrease by 388.20 factors or 0.66% at 58,576.37, whereas the broader Nifty-50 ended decrease by 144.65 factors or 0.82% at 17,530.30. “The short term trend of Nifty continues to be negative. though, Nifty placed at the support of 17400 levels, there is a possibility of further weakness in the short term. The market could possibly find support around 17300 levels and is expected to bounce from the lows,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, mentioned.
Stocks to observe
Hariom Pipe Industries: Hariom Pipe Industries is all set to make it inventory market debut on bourses on Wednesday. The firm raised Rs 130 crore by IPO, which opened between March 30-April 5, at a worth band of Rs 144-153 apiece.
Infosys: BSE-listed corporations reminiscent of Infosys, Den Networks, and Lesha Industries will launch their This autumn quarterly earnings right now.
Tata Steel: Tata Steel on Tuesday mentioned that it has accomplished the acquisition of complete stake held by state-owned SAIL in S&T Mining. The acquisition is a part of Tata Steel Group portfolio restructuring and simplification technique.
Reliance Capital, Yes Bank: The Committee of Creditors (CoC) of Reliance Capital (RCap), which is present process a chapter course of, desires bidders to type consortiums and submit decision plans for your complete agency. The lenders, led by Yes Bank, additionally need the buyers to submit money bids, somewhat than deferred fee buildings.
Anand Rathi Wealth: Anand Rathi Wealth reported a 239 per cent y-o-y surge in internet revenue at ₹35 crore the for the fourth quarter ended March 2022, as towards ₹10 crore reported final 12 months.
Hathway Cable & Datacom: The cable and broadcasting participant reported a 60.6 per cent decline in its consolidated internet revenue to Rs 28.42 crore for the fourth quarter ended March 2022. The firm had posted a internet revenue of Rs 72.14 crore within the January-March interval a 12 months in the past.
Source: www.financialexpress.com”