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Nifty likely to see a gap-up opening of 180 points - The Hindu BusinessLine

April 26, 2021 Positive Asian markets, flattening of Covid cases lift sentiment Indian stock markets are likely to open this week positive, thanks to bullish global cues. As Covid cases are stabilising in major States such as Maharashtra, analysts are hopeful that things will come under control quickly. The SGX Nifty is ruling at 14,517 points, almost a 180-point gap up opening for Nifty futures, which on Friday closed at 14,338. Asia-pacific stocks such as Japan, Korea, China, Australia and Taiwan are up between 0.3 per cent and 1 per cent in early deal on Monday. The US markets too on Friday ended with sharp gains.

Castrol India Q1 PAT jumps 95% YoY

Castrol India reported 94.6% jump in net profit to Rs 243.60 crore on 65.5% increase in net sales to Rs 1138.70 crore in Q1 March 2021 as compared to Q1 March 2020. Profit before tax in the first quarter stood at Rs 332.30 crore, up by 96% from Rs 169.50 crore in the same period last year. Sandeep Sangwan, managing director, Castrol India, said: Focused investments, interventions and actions taken in the second half of 2020 towards brand building with increased marketing and advertising spends, new product introductions as well as corrective pricing have yielded a positive impact on overall topline growth. This has been aided by improving demand trends especially in tractor and SUV sales in 1Q 2021.

Stocks in news: Stocks in the news: ICICI Bank, SBI Card, TechM, HDFC Life, HCL Tech and Morepen Labs

Stocks in news: Stocks in the news: ICICI Bank, SBI Card, TechM, HDFC Life, HCL Tech and Morepen Labs
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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