The domestic stock markets are probable to open on a reluctant remark, after coming across life-time elations in the previous trading session, going by timely inklings from SGX Nifty futures trading.
Trends on SGX Nifty imply a careful commencement for the index in India, with a 19-points gain. At 7:30 am, the Nifty futures were trading at 14,592, higher by 19 points, on the Singapore Stock Exchange.
Asian equities attained early trading profits on Thursday after an eclectic contest at Wall Street buoyed by prospects of a U.S. stimulus package even as political incidents in Washington climaxed in President Donald Trump’s impeachment.
Horizontal step-ladder movement of #INFY. Consolidations before breakouts getting smaller. Retraction behavior remains same.
The aspect that can get very neatly covered in point and figure form of charting or even laying an indicator Darvas Box. pic.twitter.com/J3R0C16ghn
— Piyush Chaudhry (@piyushchaudhry) January 14, 2021
Infosys recorded better-than-expected earnings rendition in the third quarter, with profit heightening 16.6 per cent to Rs 5,197 crore and revenues growing larger 12 per cent to Rs 25,927 crore. Infosys put forward FY21 revenue progress recommendation to 4.5 per cent-5.0 per cent in continual currency. They intensified regulating leeway guidance to 24.0 per cent-24.5 per cent.
— CNBC-TV18 (@CNBCTV18Live) January 13, 2021
Wipro reported almost 21 per cent increase in compact net profit to Rs 2,967 crore for the quarter ended December. Revenue increased by 1.3 per cent to Rs 15,670 crore. The revenues rose 3.9 per cent to $2.07 billion in dollar terms from the foregoing three months.
3.Steel Authority of India
Thank you sir for your kind words. Your appreciation has motivated all our #SAILkeSipaahi. Your leadership has inspired our #NewIndia and the #SAIL family to fight #Covid_19.
With you as our leading light, @SAILsteel pledges to continue serving our Nation under all circumstances. https://t.co/OtnzNODdf7
— SAIL (@SAILsteel) April 16, 2020
The government has suggested trading 206.5 million shares of Steel Authority of India through an offer for sale (OFS). It moreover retains a greenshoe alternative to sell up to 20.65 crore additional shares in the company. The floor price has been fixed at Rs 64 per share. The OFS for non-retail investors will open on Thursday, and OFS for retail investors will commence on Friday.