Benchmarks are expected to open sideways after the extended weekend due to the lack of global market indices. US markets ended virtually unchanged, Asian markets are poised for a slightly higher open and trends on SGX Nifty indicate a flat open for domestic markets. As of 9:30 am, Nifty futures were trading at 14,770, up 29 points or 0.15% on the Singapore Stock Exchange.
On Friday, the BSE Sensex had climbed 568.38 points or 1.17% to close at 49,008.50 and the Nifty had risen 182.40 points or 1.27% to 14,507.30. Markets were closed on Monday due to Holi and will remain closed on Friday due to Good Friday, in what will be a truncated trading week.
Stocks to watch in trade during today’s session (March 30, 2021)
The board of directors of IDBI bank has approved a rupee bond borrowing limit of Rs 8,000 crore for the next fiscal year, IDBI bank said in a regulatory filing to the stock exchanges. The money would be borrowed in one or more installments during the 2021-2022 fiscal year.
Adani Transmission has entered into a pact with Essel Infraprojects to acquire Warora-Kurnool Transmission Ltd (WKTL) for an enterprise value of Rs 3,370 crore.
Nazara Technologies will be listed on the stock exchanges today. The IPO was subscribed 175 times.
Biocon Pharma has partnered with Libbs Farmaceutica to launch generic formulations in Brazil, Biocon said in an exchange filing.