After a long break of four days, our markets began the week poorly, taking unfavorable global indications into account. As the day went on, the weakness grew, and the Nifty eventually dropped below 17,100. Fortunately, there was some relief at lower levels, and as a result of a slight recovery near the end of the session, the Nifty closed the trading day down more than 1.70 percent, just shy of the 17,200 barriers. Indicating that Dalal Street will have a good Tuesday, Nifty futures on the Singapore Exchange traded 43.5 points, or 0.25 percent, higher at 17,269.50 on Tuesday.
Results Today: On April 19, the following companies will publish their quarterly financial results: ACC, Larsen & Toubro Infotech, Mastek, Tata Steel Long Products, PCBL, Benares Hotels, Godavari Drugs, and Longview Tea Company.
IT business Mindtree announced on Monday that its consolidated net profit for the fourth quarter of FY22, which was Rs 473.1 crore, increased by 49.1% from the same quarter the previous year. At the same time as the prior fiscal, the company earned a net profit of Rs 317.3 crore.
A work order of Rs 11.57 crore from Rail Vikas Nigam Limited (RVNL) has been received by RailTel Corporation of India, a Mini Ratna central government PSU under the Ministry of Railways, for the installation of MPLS virtual private networks (VPNs) at 33 locations throughout the nation.
Rail Vikas Nigam
A Memorandum of Understanding was signed between the company and Mahanadi Coalfields.
A 66 MW hydroelectric project in Himachal Pradesh will be built with a loan from the Himachal Pradesh State Co-Operative Bank, according to the state-owned SJVN on Monday.
Satya Easwaran, a former senior executive at the consulting firm KPMG, has been named the head of Wipro Limited, an IT giant. According to a statement released by Wipro on Monday, Easwaran will be in charge of bolstering the company's operations in India across important industry sectors through strategic consulting, transformation, and modernization engagements.
Monday's sharp sell-off in the sector may have provided investors with a chance to get in.
In an open market transaction on Monday, Jwalamukhi Investment sold shares of TVS Motor Company for Rs 212 crore.
The Pune neighborhood of Pimpri has 11.5 acres of land, according to Mahindra Lifespace Developers Ltd. The land's potential for development is projected to be 2 million square feet, with a gross development value of Rs. 700 crores.
To prepare for a wave of rate increases across the banking industry, the State Bank of India (SBI) increased loan rates for corporations and some retail borrowers by 10 basis points. The largest lender in India raised rates for the first time in more than three years, signaling a change in the cycle of interest rates as growing inflation forces central banks to abandon their cheap money policies.
Oil & Gas stocks
The continued high price of crude oil will probably affect oil and gas company stock values.