Read more about Tata Steel Long Products spurts after turnaround Q3 numbers on Business Standard. Tata Steel Long Products surged 11.11% to Rs 796.15 after the company reported a consolidated net profit of Rs 304.40 crore in Q3 FY21 compared with net loss of Rs 112.19 crore in Q3 FY20.
Read more about Tata Steel Long Products reports consolidated net profit of Rs 304.40 crore in the December 2020 quarter on Business Standard. Sales rise 36.51% to Rs 1364.17 crore
Good morning, everyone. It s Thursday, January 14, and welcome to today s Market Ahead, a pre-market podcast from Business Standard. Global cues, stock-specific triggers and macro data along with Q3 earnings are likely to guide the Indian markets when they open for trading today. Going by the SGX Nifty futures that traded 26 points up at 14,599 around 7.20 am, D-Street could witness a flat-to-positive start to Thursday s session and Sensex could once again make a dash for 50,000 mark. In overnight trade, Wall Street closed mixed as investors waited for details of the next US fiscal stimulus plan, expected to be announced by President-elect Joe Biden later today. The Dow Jones Industrial Average fell 0.03%, the S&P 500 gained 0.23%, and the Nasdaq Composite added 0.43%.
Q3 earnings: Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly numbers today.
IndusInd Bank: Sebi has provided an additional two weeks to promoters of IndusInd Bank for infusion of residual capital in lieu of conversion of warrants issued to them last year worth over Rs 2,695 crore, a filing said.
SAIL: The government will sell up to 10 per cent stake in SAIL via offer for sale on January 14-15 and the offer price has been fixed at Rs 64 per share.
NHPC: The company has inked a definitive agreement for takeover of Rangit-IV hydro power project in Sikkim. The agreement is for implementation of the approved resolution plan for takeover of 120 MW Rangit-IV hydro power project of Jalpower Corporation (JPCL) in Sikkim.
Stocks to watch today on January 14: Infosys, Wipro, IndusInd Bank, Indian Bank, SAIL, NHPC among others are the top stocks to watch out for in Thursday s trading session