The SGX Nifty signals a flat to negative start for the Sensex, Nifty today. Cues from US markets remained slightly better as investors were reassured that the government will take measures to keep deposits of its citizens safe. The Nifty today will likely see resistance at 17,250, and on the downside, the Nifty’s immediate support stands at 17,000, according to analysts.
Top stocks to watch are Vedanta, HAL, BEL, IRCTC, Campus Activewear, besides others.
Vedanta: Shares of Vedanta will be in focus today as the company’s board will meet on March 28 to consider the 5th interim dividend. The record date for the dividend will be April 7, 2023.
Hindustan Aeronautics Ltd (HAL): Shares of HAL will be in focus today after the Offer for Sale of govt shares in HAL got great response on day one. The issue was subscribed 4.5 times of base size at a clearing price above the floor price by non- retail investors. Govt has also decided to exercise the green shoe option and retail investors get chance to bid today.
IRCTC: IRCTC has signed an MoU with Uttarakhand Civil Aviation Development Authority (UCADA) for a period of 5 years for providing Helicopter ticket booking service to the pilgrims of Shri Kedarnath Dham. In this connection, IRCTC will be providing a Website (Mobile responsive) for booking Helicopter tickets. Pilgrims will be able to book online tickets through IRCTC Website for their Helicopter journey.
BEL (Bharat Electronics Ltd): Ministry of Defence on Thursday has signed two contracts worth Rs 3,800 crore with Bharat Electronics for supply of medium power radar and digital radar warning receiver (RWR) for the Indian Air Force.
Campus Activewear: Campus Activewear will see a large block deal today, according to a report by CNBC-TV18, quoting sources. TPG Global, which currently holds a 7.62% stake or 2,32,07,692 shares of the company is expected to sell its entire stake via a block deal today, the report said.