Adani Transmission, Sundaram Fasteners, CreditAccess Grameen, Hikal, Raymond and Praj Industries are among companies that will announce their March quarter results today.
Investors on Dalal Street seem to draw strength from a strong set of corporate numbers along with firm cues from global peers, indicating a firm start for the benchmark indices even as India reported a record jump in Covid cases. Some volatility cannot be ruled out in today s session on account of the weekly F&O expiry. Furthermore, stock-specific triggers are also likely to sway market moves. At 7.20 am, SGX Nifty was ruling 90 points higher at 14,783. India s second Covid-19 wave turned grimmer as both the fresh case count and daily deaths scaled new peaks in the last 24 hours. India recorded 4.12 lakh new cases, while the death toll neared the 4,000 mark at 3,980.
The Competition Commission of India (CCI) observed that the complainants are primarily aggrieved that Tata Motors has imposed unfair terms and conditions in the dealership agreement for commercial vehicles in abuse of its dominant position in contravention of the provisions of Section 4 of the Competition Act.
Shriram Properties focuses on affordable and mid-income housing projects, mainly in southern India. It saw sales recover to pre-covid levels in the December quarter.