Today’s SGX Nifty anticipates a dismal start for the Sensex and Nifty. US market cues remained negative, with the Dow Jones, S&P 500, and Nasdaq all closing in the red overnight. India’s markets continued to rise as a result of consistent foreign inflows and short covering. India’s CPI inflation also fell to a 15-month low on Wednesday, possibly boosting market optimism.
TCS, Anand Rathi Wealth, BHEL, AU SFB, and Karnataka Bank are among the top stocks to watch today.
TCS: TCS’s fourth-quarter earnings fell short of market estimates. The company’s revenue (consolidated) was Rs 59,612 crore, while its net profit was Rs 11,392 crore. The company’s order book, on the other hand, remained stable throughout the quarter.
Anand Rathi Wealth: Anand Rathi Wealth shares will be in focus today as the business announced a 4% QoQ increase in sales to Rs 143 crore from Rs 138 crore in the previous quarter. The company’s earnings after tax remained unchanged at Rs 43 crore.
Au Small Finance Bank stated on Wednesday that the Reserve Bank of India has confirmed Sanjay Agarwal’s reappointment as the bank’s MD and CEO for another three years.
Karnataka Bank said on Wednesday that the Reserve Bank of India has authorised the nomination of Sekhar Rao as the bank’s CEO and interim director for three months beginning April 15. Sekhar is now the bank’s Executive Director.
BHEL: BHEL and NPCIL have struck an agreement to collaborate on nuclear power projects based on pressurised heavy water reactors.