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Lacklustre opening likely for markets ahead of RBI meet, results

Lacklustre opening likely for markets ahead of RBI meet, results April 05, 2021 × Stocks to watch out for today are Adani Enterprises, ITNL, PNC Infratech, Olectra Greentech, Ashiana Housing and ANG Lifesciences. After a long weekend, Indian markets are expected to open on a flat note on Monday. While signals are mixed from Asian markets, SGX Nifty points a 40-point gap down opening. The SGX Nifty futures currently rule at 14,915 (8 am IST), as against Nifty futures Thursday s close of 14,953.35. More Investors will closely monitor the outcome of the RBI meet and quarterly performance of India Inc, said analysts. The RBI s three-day meeting begins today, and the outcome is expected to be on April 7. Acuite Ratings believes that MPC, in its upcoming meeting, will continue to reaffirm the accommodative monetary policy despite the global increase in bond yields amidst concerns of a quicker than expected normalisation in the markets of developed economies.

Bharat Road Network signs deal with Cube Highways for the sale of a 126-kilometre road project in Uttar Pradesh, India

Bharat Road Network signs deal with Cube Highways for the sale of a 126-kilometre road project in Uttar Pradesh, India
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Bharat Road Network inks pact with Cube Highways for sale of stake in Ghaziabad Aligarh Expressway

Bharat Road Network inks pact with Cube Highways for sale of stake in Ghaziabad Aligarh Expressway Synopsis BRNL along with its partners has signed an agreement with Cube Highways, a portfolio company of I Squared Capital, for the complete transfer of ownership in an operating toll road project in Uttar Pradesh, the company said in a statement. Agencies Representataive Image Bharat Road Network Ltd (BRNL) along with its partners has inked a deal with Cube Highways for the sale of the entire stake in Ghaziabad Aligarh Expressway Private Limited. The proceeds from the sale will be utilised to reduce debt and also capitalise on growth opportunities in the highways sector.

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