Negative bias seen for Nifty, Sensex at open
January 27, 2021
Auto stocks will be in focus on the green tax proposal
Indian markets are expected to open flat with negative bias. The SGX Nifty is currently ruling at 14,225 against Nifty futures’ Monday’s close of 14,254. Asian markets are giving mixed signals, with Nikkei (Japan) and Singapore STI ruling firm with 0.5 per cent gains, and Kospi and ASX (Australia) slipping in the red.
The S&P BSE Sensex on Monday declined 531 points to 48,347, while the Nifty50 index plunged 133 points to 14,239, as index heavyweight Reliance Industries dragged the market.
Stocks to watch
Adani Ports and Special Economic Zone Limited has commenced a tender offer to purchase for cash any and all of its outstanding $500,000,000 3.95 per cent Senior Notes due 2022. The tender offer will expire at 5:00 p.m., New York time, on February 2.
Share Market News Live: Sensex drops 350 points, Nifty at 14,120; Maruti, SBI, Airtel, Titan, HUL top losers
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Welspun India Q3 Profit Rises Over Twofold To Rs 174 Cr
Total income during the quarter under review stood at Rs 2,049.71 crore as against Rs 1,604.92 crore in the year-ago period, Welspun India said in a regulatory filing.
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Home textiles major Welspun India on Wednesday reported over twofold increase in consolidated net profit at Rs 174.80 crore for the third quarter ended December 31, 2020.
The company had posted a consolidated net profit of Rs 75.09 crore in the same period last fiscal.
Total income during the quarter under review stood at Rs 2,049.71 crore as against Rs 1,604.92 crore in the year-ago period, Welspun India said in a regulatory filing.