The SGX Nifty signals a positive start for Sensex, Nifty today. Cues from US markets remained mixed as Dow Jones and S&P 500 ended in the green, and Nasdaq ended in the red on Monday. The Nifty today will likely see resistance at 17,100 and on the downside, the Nifty’s immediate support stands at 16,800, according to analysts.
Top stocks to watch are Paytm, PNC Infratech, Kalyan Jewellers, AB Capital, Dilip Buildcon, besides others.
Paytm: Shares of Paytm (One97 Communications) will be in focus today as the NPCI announced Wallet interoperability guidelines on March 24, 2023. Now, Paytm Payments Bank will earn 1.1 percent interchange revenue when Paytm Wallet customers make payments on merchants acquired by other payment aggregators or banks.
PNC Infratech: PNC Infratech is declared as the L1 bidder in the Ministry of Road Transport & Highways’ (MORT&H) highway project in Uttar Pradesh on Hybrid Annuity Mode (Package-III), with the project cost being Rs 819.0 crore.
Kalyan Jewellers: Kalyan Jewellers shares will be in focus today after reports suggest that Warbug Pincus will offload a 2.5% stake in the company via a block deal today. The floor price of the deal is Rs 110 per share and overall size of the deal is estimated to be at Rs 288 crore. The seller held 26.3% stake in the company, shows December shareholding pattern.
AB Capital: Shares of Aditya Birla Capital will be in major focus today after the announcement of the company to offload its entire stake in Aditya Birla Insurance brokers for an enterprise value of Rs 455 crore.
Dilip Buildcon: Dilip Buildcon has emerged as the L1 bidder for a project worth Rs 780 crore by NHAI. It is a new HAM project ‘Bengaluru-Vijayawada’ under Bharatmala Pariyojana Phase-I (Package -7) in Andhra Pradesh.