After a two-day hiatus, the stock market bulls look set to return to the Street, with 50-pack Nifty poised to make a dash for another record high, buoyed by firm cues from global peers. The session, however, could witness high volatility on account of weekly expiry. At 7.30 am, SGX Nifty was trading 80 points higher at 15,710. Stock-specific moves, Covid-19 related updates and crude price movement could further sway market mood. On the global market front, Wall Street s main indexes posted slim gains on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called meme stocks.
Here are the top stocks to track today:
Earnings Today: Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today.
Sugar stocks: The government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India s dependence on costly oil imports.
Panacea Biotec: Drug firm Panacea Biotec reported a consolidated net loss of Rs 54.14 crore for the quarter ended March 31, 2021 as against a net loss of Rs 69.70 crore for the corresponding period of the previous financial year.
RIL: After record fundraising and debt prepayments, Reliance Industries (RIL) now has a strong balance-sheet with high liquidity that will support growth plans for its three hyper-growth engines - telecom arm Jio, retail and oil-to-chemicals business, firm s Chairman and Managing Director Mukesh Ambani said.
Read more about Nucleus Software Exports consolidated net profit declines 2.81% in the March 2021 quarter on Business Standard. Sales decline 10.16% to Rs 124.18 crore