The domestic stock markets are likely to open flat, with a positive bias, after three succesive days of losses. Trends on SGX Nifty indicate a flat opening for the index in India, with a 25-points gain. At 7:30 am, the Nifty futures were trading at 14,997, higher by 25 points or 0.15 per cent, on the Singapore Stock Exchange.
On Tueday, the BSE Sensex settled 31 points, or 0.06 per cent lower at 50,363.96 and NSE Nifty ended 19 points, or 0.13 per cent, down at 14,910.45.
Stocks to watch in trade in today’s session (March 17, 2021)
The Reserve Bank of India has imposed a penalty of Rs 2 crore on SBI over deficiencies in regulatory compliance, the bank said in a regulatory filing to the stock exchanges.
Vedanta Resources has increased the open offer price for buying Vedanta’s shares to Rs 235 per share and offer size to 651 million shares representing 17.5 percent stake in the company.
BPCL has declared a second interim dividend of Rs 5 per equity share for FY21 and has fixed 27th March as the record date for the dividend.
BEML has received orders worth $23 million from Cameroon, Bangladesh for construction equipment.
Godrej Properties has raised Rs 3,750 crore through the sale of shares to institutional investors to expand the business and support future growth.