Trading of Nifty 50 futures on the Singapore stock exchange indicates that the Nifty could gain 28.50 points at the opening bell.
In overseas stock markets, Asian stocks were mostly higher. US stocks closed slightly higher yesterday, 3 March 2016 as oil prices stabilized.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 911.98 crore yesterday, 3 March 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 464.75 crore yesterday, 3 March 2016, as per provisional data.
Among corporate news, HDFC has filed term sheet for issuing secured redeemable non-convertible debentures worth Rs 1000 crore on private placement basis. HDFC said that the coupon rate on debentures is nil. The instrument has a tenor of four years. With redemption premium of about Rs 39.89 lakh on the face value of Rs 1 crore for each debenture, the effective yield works out to 8.75% per annum. The issue opens and closes on the same day on 9 March 2016. The object of the issue is to augment long-term resources of the company, HDFC said. The announcement was made after market hours yesterday, 3 March 2016.
Asian Paints announced that the operations at the company's paint plant situated at Rohtak, Haryana, have restarted. On 22 February 2016, the company had informed of the operations at the its plant were shut down due to agitation at lMT, Rohtak with effect from 19 February 2016. The announcement was made after market hours yesterday, 3 March 2016.
ONGC said that a meeting of the board of directors of the company will be held on 9 March 2016, to consider and declare second interim dividend, if any, for the year ending 31 March 2016 (FY 2016). The company has fixed 17 March 2016 as the record date for the purpose of payment of second interim dividend for FY 2016, if any. The announcement was made after market hours yesterday, 3 March 2016.
Gains in metal and capital goods stocks along with index heavyweights Infosys and HDFC led the rally for the two key benchmark indices yesterday, 3 March 2016. The Sensex rose 364.01 points or 1.5% to settle at 24,606.99, its highest closing level since 5 February 2016.
Powered by Capital Market - Live News