The stock market on Wednesday, March 17, gave a negative closing for the fourth consecutive session where the BSE Sensex fell below the 50,000 mark, while the NSE Nifty stood below 14,800. The indices on Thursday, March 18, on the contrary are likely to give a positive start as at 7:10 am the SGX Nifty was trading at 172.00 points or 1.16 percent higher at 14,943.50. On March 17, The BSE Sensex shed 562.34 points or 1.12 percent to close at 49,801.62. Similarly, the NSE Nifty fell 189.15 points or 1.27 percent to settle the day at 14,721.30.
Top stock to look for the day:
IRCTC: Indian Railway Catering and Tourism Corporation has informed that there has been no major impact of terminations of mobile catering contracts in the FY 2020-21.
Indian Oil Corporation: A joint venture has been formed by the company with Israel’s Phinergy to manufacture Aluminum Air systems in India and recycle used Aluminum to strengthen India’s energy security.
Punjab National Bank: A subsidiary PNB Cards and Services has been incorporated by the bank to undertake the non-financial support services related to the credit card business of the bank.
HFCL: An order worth Rs 221.16 crore has been bagged by the optical fibre cable manufacturer HFCL from Uttar Pradesh Metro Rail Corporation.
Bharat Heavy Electricals: BHEL has informed that the company has emerged as the lowest bidder for the Rs 10,800 crore fleet mode tender floated by the Nuclear Power Corporation of India (NPCIL) for the 6×700 MW Turbine Island package projects.
HPCL: Shuchi Anant Virya has partnered with HPCL to set up a pan-India network of public electric vehicle charging points at its retail outlets.
SBI Cards and Payment Services: 4.25 percent stake has been divested by CA Rover Holdings in SBI Cards and Payment Services for Rs 3,943 crore.
Indian Metals and Ferro Alloys: ICRA has upgraded the credit rating on the company’s long-term and short-term loan facilities from the banks, informed Indian Metals and Ferro Alloys.
Union Bank of India: To offer online trading services to its customers the bank has partnered with retail brokerage house SMC Global Securities.
Bajaj Finance: On March 19, officials of the company will interact with Columbia Threadneedle Investments and on March 22 with Arohi Asset Management and ICICI Prudential Mutual Fund.
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