All eyes on the Budget pronouncements on Monday. There is a hope out there that the Budget almost certainly will arrest the 6-day slide within the benchmark indices. Analysts predict Finance Minister Nirmala Sitharaman to current a growth-oriented and path-breaking Budget that may usher in all-round growth.
SGX Nifty factors a 50-point hole up opening for Nifty index on Monday as the previous is ruling at 13,744 as in opposition to Nifty50 Feb futures Friday’ shut of 13,709. Asia-pacific markets give a positive sign Japan, Taiwan, Shanghai (China) and Hong Kong markets edging up via the Australian market is flat however in inexperienced.
The S&P BSE Sensex on Friday plunged 1.26 per cent or 588.59 factors to 46,285.77, whereas the Nifty50 index slumped 182.95 factors to 13,634.60, as international portfolio traders resorted to heavy promoting.
Stocks to look at
L&T Finance Holdings Limited: The ₹2,998.61 crore rights concern opens at the moment. The firm will concern as much as 46.13 crore fairness shares for money, at a worth of ₹65 per fairness share on a rights foundation to eligible fairness shareholders within the ratio of 17 fairness shares for each 74 held on the document date, that’s January 22, 2021.
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KRBL: The Joint Managing Director of KRBL Limited, Anoop Kumar Gupta was detained by the Enforcement Directorate (ED) within the Augusta Westland case. He was subsequently despatched to 5 day custody of ED. In a clarification to the inventory exchanges, the corporate mentioned Gupta was detained for additional investigation into the affairs of Rawasi Al Khaleej General Trading (RAKGT) LLC, Dubai, the place KRBL Ltd had oblique minority shareholding. The transactions in query occurred after March 31, 2009, when, KRBL had already transferred its complete oblique shareholding in RAKGT. All transactions between KRBL and RAKGT after March 31, 2009, pertained to the sale of rice. Such transactions had been duly made via the correct banking channel and had been disclosed in compliance with the legislation. However, anxious shareholders would await the additional consequence on the difficulty.
Lumax Industries Ltd has introduced that the enquiry operations had been performed by DRI at two of its areas at Gurugram, Haryana. The enquiries had been made by the Department within the regular course. The firm has prolonged full co-operation to the authorities and offered all requisite data sought by them, it mentioned and added that the corporate will present full cooperation as and when required. Shareholders can be eager to know additional growth and details on this entrance.
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SPML Infra Ltd had obtained orders from varied authorities companies underneath three way partnership preparations the place SPML’s share is ₹316.91 crore. The initiatives are to be executed in Uttar Pradesh (Patyora Danda, Kota Mustakil group of villages, Haraulipur group of villages and Lagon group of Villages).
Result Calendar: Some of the foremost corporations that may declare quarterly outcomes embody Castrol, Coromandel, Finolex Industries, Mastek, MRPL, OnMobile, RBL, Reliance Capital, Reliance Infra, Subex, Suryalaxmi and Zyduswellness.