SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 61 points at the opening bell.
Economic data:
India s retail inflation, measured by the Consumer Price Index (CPI), rose to 5.03% in February, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Friday. The retail inflation was 4.06% in January 2021 and was 6.58% in February 2020.
Separately, India s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a contraction of 1.6% in January 2021. The industrial output rose by 1% in December 2020 and grew by 2% in January 2020.
Global markets:
Overseas, Asian stocks markets are trading mixed on Monday ahead of this week s Federal Reserve meeting stateside.
Read more about Federal Bank Ltd Slips 2.46%, S&P BSE BANKEX index Shed 1.57% on Business Standard. Federal Bank Ltd has added 0.06% over last one month compared to 3.59% fall in S&P BSE BANKEX index and 2.48% drop in the SENSEX
Orient Electric Ltd has added 11.53% over last one month compared to 2.24% gain in S&P BSE Consumer Durables index and 1.67% drop in the SENSEX
Orient Electric Ltd gained 3.13% today to trade at Rs 304.6. The S&P BSE Consumer Durables index is up 0.46% to quote at 33438.89. The index is up 2.24 % over last one month. Among the other constituents of the index, Voltas Ltd increased 2.45% and Dixon Technologies (India) Ltd added 1.68% on the day. The S&P BSE Consumer Durables index went up 42.87 % over last one year compared to the 48.62% surge in benchmark SENSEX.
Orient Electric Ltd has added 11.53% over last one month compared to 2.24% gain in S&P BSE Consumer Durables index and 1.67% drop in the SENSEX. On the BSE, 3839 shares were traded in the counter so far compared with average daily volumes of 93817 shares in the past one month. The stock hit a record high of Rs 304.6 on 15 Mar 2021. The stock hit a 52-week low of Rs 138.15 on 23 Mar 2020.
Read more about Benchmarks hit day s low, Nifty holds 14,800 on Business Standard. At 11:31 IST, the barometer index, the S&P BSE Sensex, tumbled 744 points or 1.47% at 50,047.23. The Nifty 50 index fell 209.65 points or 1.39% at 14,821.20.
Read more about MTAR Tech makes strong debut on Business Standard. Shares of MTAR Technologies were currently trading at Rs 1115 per share at 10:04 IST on the BSE, at a premium of 93.91% as against the issue of Rs 575 apiece.