Today’s SGX Nifty forecasts a flat start with a bullish tilt for the Sensex and Nifty. American market cues remained modest, with the Dow Jones, S&P 500, and Nasdaq all finishing in the red on Monday. According to experts, the Nifty will likely face resistance above 17,100 today, with immediate support at 16,800-16,850 on the downside.
Vedanta, Zydus Life, Jindal Stainless, NBCC, and GR Infra are among the top stocks to watch today.
Vedanta: Vedanta shares will be under scrutiny after the firm authorised the 5th interim dividend of Rs 20.50 per equity share on a face value of Rs 1 per share for FY23, amounting to Rs 7,621 crore on Tuesday. Ajay Goel, on the other hand, has resigned as the company’s interim Chief Financial Officer (CFO) with effect from April 9.
Jindal Stainless: Jindal Stainless is in the news because it signed a partnership agreement with New Yaking Pte Ltd to invest in the development, building, and running of a nickel pig iron (NPI) smelting plant in the Halmahera Islands, Indonesia.Jindal Stainless announced it would pay $157 million for a 49% stake in a nickel pig iron firm.
Zydus Lifesciences: Zydus Lifesciences will be in the spotlight today, as the business has gained final FDA clearance for loperamide hydrochloride capsules (USP 2 mg) (USFDA).
NBCC: Ghani Khan Choudhary Institute of Engineering and Technology (GKCIET) in Malda, West Bengal, and the Small Industrial Development Bank of India awarded NBCC contracts totaling Rs 146.39 crore (SIDBI).
GR Infraprojects: On Tuesday, East Coast Railway sent GR Infra a letter of acceptance (LOA) for building tunnels and other related work for the Khurda-Bolangir new rail line project. The project is valued at Rs 587.59 crore.