The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets remained lower as Dow Jones, S&P 500 and Nasdaq ended in the red overnight. Markets in India continued their upward momentum on the back of steady foreign inflows and short covering. India’s CPI inflation on Wednesday also came in at a 15-month low, which will likely boost the sentiment of the market.
Top stocks to watch today are TCS, Anand Rathi Wealth, BHEL, AU SFB, Karnataka Bank, besides others.
TCS: The IT major TCS missed street expectations in its Q4 numbers. The company’s revenue (consolidated) came in at Rs 59,612 crore, whereas its net profit stood at Rs 11,392 crore. The company’s orderbook however stood firm during the quarter.
Anand Rathi Wealth: Shares of Anand Rathi Wealth will be in focus today after the company reported a 4% growth QoQ in its revenue at Rs 143 crore against Rs 138 crore in the previous quarter. The firm’s profit after tax stood constant at Rs 43 crore.
Au Small Finance Bank: Au Small Finance Bank on Wednesday announced that the Reserve Bank of India has approved reappointment of Sanjay Agarwal as the bank’s MD & CEO for three years.
Karnataka Bank: Karnataka Bank on Wednesday announced that the Reserve Bank of India has approved appointment of Sekhar Rao as the CEO & Interim director of the bank for three months starting April 15. Sekhar currently serves as Executive Director of the bank.
BHEL: BHEL and NPCIL have signed an MoU for collaboration for Pressurised Heavy Water Reactor based nuclear power plants.
