Nifty may open down, but strength seen at lower levels
April 23, 2021
Privi Speciality, Glnnd Pharma, Tata Motors scrips likely to see action today Rising Covid cases are likely keep Indian markets in a bear grip on Friday even as global markets present mixed cues. The US markets slumped almost one per cent overnight on fears of imposition of new capital gains tax by Joe Biden administration.
SGX Nifty at 14,331 indicates a gap-down opening of 70 points for Nifty futures, which closed at 14,403 on Thursday. The SGX Nifty futures recovered from the day s low of 14,260, signalling some value buying happening at lower levels.
Pidilite Industries to sell Brazilian operations
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India-based adhesive manufacturer Pidilite Industries is reportedly planning to sell its operations in Brazil.
The company has started negotiations with adhesive manufacturing companies in Brazil for the sale, and appointed investment bank Lincoln International to advise it on the process, reported Livemint.
Pidilite spokesperson said: As a matter of policy, Pidilite does not comment on market speculations. The economic environment in Brazil and Egypt could have an adverse impact on the company’s subsidiaries.
Pidilite runs 14 subsidiaries overseas, with operations in the US, Brazil, Thailand, and Dubai.
The company offers adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins, and organic pigments and preparations. Its popular brands include Fevicol, Dr Fixit, Cyclo, Hobby Ideas, Roff, and M-Seal.
As announced earlier, FCB India is the only Indian shortlist in this category for Mumbai Police s The Punishing Signal . Dentsu Webchutney has four shortlists - three for Trigger Happy s World s most reported trailer and one for Vice Media s The 8-bit Journo . Lodestar UM s The Punishing Signal for Mumbai Police and VMLY&R s Hackwashing for Lifebuoy have also made the cut. Cheil India s Now, words aren t just heard, but felt for Samsung has two shortlists in the category. Lodestar UM s The Punishing Signal for Mumbai Police has made the cut in this category too. FCB India has four shortlists in the PR category. It has two each for Mumbai Police s The Punishing Signal and The Times of India s Times Out and Proud Classifieds .