Tuesday's stocks to keep an eye on include Nifty futures, which on the Singapore Exchange traded 101 points, or 0.61 percent, lower at 16,471, indicating that Dalal Street will open the day on a downbeat note. As caution overcame Wall Street, domestic benchmark indices ended the session in the negative, making it difficult for bulls to shake off their Monday blues. The 30-share pack Sensex closed at 55,675.32 down 93 points. Nifty50, its larger counterpart, decreased to 16,570 levels.
According to two persons with knowledge of the situation, billionaire Gautam Adani and Apollo Hospitals Enterprise Ltd, the largest hospital operator in the nation, are considering offers to purchase the majority of the shares of diagnostic chain Metropolis Healthcare Ltd.
Adani Enterprises has been given the go-ahead by the state government to build a hyper-scale data center at Bengal Silicon Valley in the New Town neighborhood on the outskirts of the city, according to West Bengal Industry Minister Partha Chatterjee on Monday.
According to a firm official, as businesses continue their pandemic-accelerated digitalization procedures, the rate of staff departures would decline, and demand for their services will increase. Tata Consultancy Services (TCS) is India's biggest exporter of software services.
The price of lump ore and fines has been sharply reduced by NMDC, the largest iron ore miner in the nation, by Rs. 1,100 per tonne and Rs. 1,000, respectively. The business, which is also the largest seller of the material, stated in a regulatory statement on Monday that the rates will take effect on June 5, 2022.
On Monday, SBI Card and Payment Services announced that its board has approved borrowing money through the issuing of non-convertible debt obligations (NCDs) totaling Rs 2,500 crore.
Infibeam Avenues Ltd, a fintech startup, announced on Monday that it is expanding its presence in Australia by establishing a wholly-owned subsidiary called Infibeam Avenues Australia Pty Ltd to take advantage of the country's developing digital payment market.
Promoter Company World Crest Advisors LLP sold a 0.51 percent stake in the business through open market transactions.
On Monday, the Reserve Bank of India (RBI) announced that non-banking financial companies (NBFCs) in the higher regulatory layer will need to set aside 0.22–2.0% of a loan that is being repaid regularly as provisions.
The peak period for construction before the monsoon, the June quarter, saw an increase in cement demand, which is excellent news for manufacturers dealing with high input costs.
Shriram City Union Finance
Through open market transactions, Shriram Value Services and other promoters acquired a 2.03% stake in the business.