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Sensex, Nifty Set To Open On A Flat Note; Indian Oil In Focus Indiabulls Housing Finance will be in focus after its net profit rose to Rs 276 crore in the quarter ended March 2021 from Rs 137 crore in the corresponding quarter last year.
Updated: May 20, 2021 8:56 am IST
The S&P BSE Sensex and NSE Nifty 50 indexex are set to open on a flat note as indicatesd by Nifty Futures traded on the Singapore Exchange. Nifty Futures on Singapore Exchange also known as the SGX Nifty futures rose 7 points to 15,042. In yesterday s session, Sensex ended the day at 49,902, lower by 290.55 points or 0.58 per cent and the NSE Nifty settled at 15,030.10, down 77.90 points or 0.52 per cent. The broader markets, however, outperformed their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining around half a per cent each.
Amid mixed cues from global peers, Indian markets looked set to open higher after a one-day hiatus, boosted by a positive trend in fresh Covid cases and a healthy earnings season. Besides, investors will weigh Federal Reserve minutes that flagged the possibility of a debate on scaling back asset purchases. High volatility cannot be ruled out on account of weekly F&O expiry. At 7.30 am, SGX Nifty was up 27 points at 15,061. In the overnight session, Wall Street s main indices closed lower after minutes from the April Federal Reserve meeting showed participants agreed the US economy remained far from the central bank s goals, with some considering discussions on tapering its bond-buying program.
Here are the top stocks to track in today s session:
Earnings Today: Havells India, Zee Entertainment Enterprises, HPCL and Torrent Power are among 32 firms slated to post ther quarterly numbers today.
Fertiliser stocks: Shares of fertiliser companies will be in focus today after the central government announced an increase in the subsidy for di-ammonium phosphate fertiliser to Rs 1,200 per bag from Rs 500 per bag. Price of fertilisers is increasing amid higher prices of raw inputs like phosphoric acid and ammonia, among others.
Axis Bank: The Rs 4,000-crore share sale in Axis Bank was subscribed more than two times on Wednesday. The 52.27-million-share offer for sale (OFS) saw bids for nearly 135 million shares from non-retail investors. The OFS would open for retail investors today.
Read more about Indiabulls Housing Q4 PAT climbs 102% YoY on Business Standard. On a consolidated basis, Indiabulls Housing Finance reported 101.5% jump in net profit to Rs 276.23 crore in Q4 FY21 as against Rs 137.06 crore in Q4 FY20.