nifty Futures on the Singapore Exchange were trading 1 point or 0.01 per cent higher at 15,723, indicating that Dalal Street was headed for a muted start on Wednesday. Markets extended losses for the third consecutive session with Nifty 50 clocking a new 2022 closing level on June 14, as traders exercised caution ahead of interest rate decision. US Federal Reserve, BSE Sensex Falling 153 points to 52,694, while Nifty 50 fell 42 points to 15,732.
According to Nagraj Shetty, Technical Research Analyst, HDFC Securities, Nifty 50 has formed a short positive candle with a long upper shadow on the daily chart.
“There is no evidence of any sharp recovery from the crucial support at 15,700-15,650 levels… the recent downside gap formed at 16,170 level is more likely to be filled for the next 1-2 weeks,” he added. Told.
Asian Paints
The paint company has acquired 51 per cent stake in WeatherSeal Fenestration for Rs 18.84 crore. WeatherSeal Fenestration is now a subsidiary of the company.
PNB Housing Finance
The company in its BSE filing said its board of directors has approved issuance of non-convertible debentures up to Rs 2,000 crore on private placement basis.
Engineers India
Naiveli Lignite Corporation hires Engineers India As a Project Management Consultant for its 1,200 TPD Lignite to Methanol Project. This landmark project is expected to be commissioned in 2027.
GR Infraprojects
Subsidiary GR Bandikui Jaipur Expressway Pvt Ltd has executed a concession agreement with the National Highways Authority of India. The Rs 1,368-crore project includes construction of a 4-lane greenfield expressway from Delhi-Vadodara Greenfield Expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-I in Rajasthan on hybrid annuity mode.
NTPC
The state-owned utility firm will begin commercial operation of its 15 MW solar capacity at the Kawas Solar Project in Gujarat. This capacity is part of the 56 MW Kawas Solar Project located at Kawas near Surat district of the state.
Bharti Airtel
The major telecom player announced Xstream Multiplex, which the telco said is India’s first multiplex in the metaverse. Xstream Multiple..
IDBI Bank
The LIC-run lender said it has increased interest rates by 25 basis points (bps) on retail fixed deposits of less than Rs 2 crore. The revised rates will be applicable from June 15 for various tenures for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term deposits.
Yes Bank
Yes Securities, a wholly owned subsidiary of the lender, said it is upbeat about expanding footprint to more cities in West Bengal, and despite a sharp correction and high volatility, there is no adverse impact on retail investor interest in the stock market. Doesn’t fall It said it is aiming to double its physical stock dealing branches to 24.
pricol
Priyadarshi Basti has been appointed as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from July 1, 2022. P Krishnamurthy had resigned as the Chief Financial Officer of the company.
Cipla
Cipla, and the non-profit research and development organization DNDI, launched a child-friendly 4-in-1 anti-retroviral treatment for young children living with HIV in South Africa. This combination treatment has been developed by Cipla and the Drugs for Neglected Diseases Initiative (DNDi).
Dev Information Technology
The company has received orders worth Rs 2.52 crore for an online integrated portal (RajKisan Sathi) for farmers, which includes services related to agriculture, horticulture, seed certification, seed corporation and agricultural marketing.
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