Markets likely to open flat
May 04, 2021
Fear over continuous rise in Covid cases, extended lockdowns in States likely to cap upside Markets are likely to open marginally down on Tuesday, amidst mixed global cues. Though the positive recovery rate in Covid cases bodes well, economists are still grappling with uncertainty, analysts said. The SGX Nifty is currently hovering around 14,663 (8 00 am IST), which is about 20 points lower as against Nifty May futures that closed at 14,685 on the NSE on Monday.
As Japan market is closed, other Asian markets provide little cues. Overnight, the US markets ended sharply higher with Dow and S&P 500 climbing 0.70 per cent and 0.3 per cent respectively. However, tech-heavy Nasdaq closed 0.5 per cent lower.
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April 26, 2021
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A district in Maharashtra requires about 18 MT of medical oxygen daily to treat Covid-19 patients Osmanabad district in Maharashtra requires about 18 MT of medical oxygen daily to treat Covid-19 patients and soon this oxygen would come from a sugar mill in the locality.
The Dharashiv Sugar Mill has modified its ethanol plant and is expecting to generate 20 MT of medical grade oxygen every day by catching and processing the oxygen which is released in the atmosphere. The molecule required for purifying the oxygen to medical-grade has been installed and oxygen production is on the anvil according to mill Chairman Abhijit Patil.
Read more about Dhampur Sugar declines after weak Q4 outcome on Business Standard. Dhampur Sugar Mills fell 1.14% to Rs 207.75 after the company s consolidated net profit fell 12.1% to Rs 91.44 crore on 0.9% decline in net sales to Rs 1,056.95 crore in Q4 FY21 over Q4 FY20.
Read more about Market pares gains; Nifty below 14,500 on Business Standard. The domestic equities pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty index traded tad below its 14,500 mark. Barring the Nifty Pharma index, all the sectoral indices on the NSE were in the green.