Read more about Mold-Tek Packaging consolidated net profit rises 106.52% in the March 2021 quarter on Business Standard. Sales rise 51.22% to Rs 161.05 crore
Markets scrap early gains; Metal stocks in a nosedive; JSW Steel, Tata Steel, Hindalco top bears; Titan leads
In the early deals, Sensex jumped nearly 264 points with an intraday high of 50,901.18, while Nifty 50 climbed over 50 points with an intraday high of 15,258.60. May 26, 2021 9:35 IST | India Infoline News Service A volatile session was recorded during Wednesday s opening bell as investors headed into the highest close for derivative contracts in the last 3 months. Unlike Asian counterparts, Indian benchmarks Sensex and Nifty traded rather with lacklustre demand. Metal stocks were the worst hit, while media stocks entered a rally. In the early deals, Sensex jumped nearly 264 points with an intraday high of 50
May 26, 2021
Expectation of stimulus, falling Covid cases to anchor market direction
The Indian market on Wednesday will likely open on a flat note on lack of clear direction from global markets. However, with with May derivative contracts expiring on Thursday (tomorrow), the market is likely to witness volatility.
However, according to analysts, reports of a Government stimulus package and falling Covid-19 cases are positive triggers.
The SGX Nifty futures is currently ruling at 15,240 (8 am IST), indicating a flat opening for the Nifty. The Nifty May and June futures on Tuesday closed at 15,218 and 15,248.10 respectively.
After opening positive on Tuesday, US stocks too ended flat surrendering initial gains. Similarly, Asia-Pacific markets such as Japan, China, Hong Kong, Australia, Taiwan and Korea are also witnessing a lackadaisical trading on Wednesday.
Mold-Tek Packaging standalone net profit rises 125.41% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.