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Nifty to open below 15,000 amidst weak global cues
March 05, 2021
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Most Asia-Pacific markets slumped in excess of 1% in early trade on Friday while US stocks declined overnight
The Indian markets are likely to open sharply lower on Friday, due to weak global cues and on profit booking. Cues from SGX Nifty suggest that Nifty is most likely to open below 15,000-mark. The SGX Nifty is hovering around 14,880, a decline of about 220 points, against the Nifty futures that on Thursday closed at 15,106.
Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said: “We witnessed a sharp decline (on Thursday) in our market mainly due to the sudden jump in the long-term bond yields of the US. The steady growth in the economy leads to a steady rise in the bond yields and therefore, the market should start offering discounts in the medium to long term.”
Honeywell Automation India limited names Dr. Ganesh Natarajan as Chairman
Posted On: 2021-03-04 04:57:08 (Time Zone: Arizona, USA)
Honeywell Automation India Limited (HAIL NSE: HONAUT) today announced Dr. Ganesh Natarajan s appointment as Independent Director (Non-Executive) and Chairman of its Board of Directors, effective March 8, 2021.
As Chairman of Board of Directors, Dr. Natarajan will offer guidance to HAIL s management team on the company s overall strategy, business, and financial matters. He will provide direction and Board support for strong corporate governance.
Dr. Natarajan succeeds Mr. Suresh Senapaty, who completes his five-year tenure as Independent Director and Chairman of HAIL on March 7, 2021. Mr. Senapaty has conveyed his desire not to seek reappointment as Independent Director of the company for the second term due to his personal commitments. Accordingly, his tenure as Director of the company will come to an end on March 7, 2021.