Positive open seen for markets
June 30, 2021
Markets are expected to open marginally higher, indicates a trend from SGX Nifty, Singapore. However, most global markets are ruling in the flat-to-negative territory, signalling volatility.
According to market experts, after two consecutive days of fall, markets will try to regain some strength. Besides, today being the last date of the first quarter (June), markets generally remain resilient due to fund managers’ portfolio churning activity. However, the key concern is the rise of new Covid variant, said analysts.
Currently, SGX Nifty is ruling at 15,827, a 40-point gap-up opening for Nifty futures, which on Tuesday closed at 15,785. The spot Nifty closed at 15,748.45.
SEBI moves to empower independent directors - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
NBCC (India): The state-owned construction company, which is in the race to acquire Jaypee Infratech Ltd (JIL), assured stuck homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time as per the schedule.
Reliance Power: The board of ADAG s utility company approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth Rs 1,325 crore to its promoter firm
Reliance Infrastructure. It aggregates up to Rs 1,325 crore.
Ruchi Soya: The edible oil firm, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed a draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore. The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25 per cent in a listed entity.
Virtual HR Conclave
The Institute of Management Studies (IMS) Noida organised a virtual conclave on the theme “Changing Dynamics and Sustainability in Disruptive Times”. The speakers were Dr. Kulneet Suri, Senior Director, IMS Noida; G. Sridhar GM-CSR NTPC; Aditya Pal Singh, Director, Talent Acquisition; Mahesh Munjal, CMD, Majestic Auto Limited; Abhay Kapoor, Senior HR Leader, Amazon, and Rajneesh Singh, Managing Partner, Simply HR Solution.
IIT-Roorkee holds virtual tech fest
The Indian Institute of Technology-Roorkee hosted its annual tech festival Cognizance virtually this year in March. More than 5000 students from over 500 colleges across India participated. The festival was inaugurated by Prof. A.K. Chaturvedi, Director, IIT-Roorkee).