Buzzing Stocks | Srei Infra, Rolta India, A2Z Infra and others that will be in focus today
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Planning To Invest In FY22? Here’s How You Can Construct Your Portfolio
After a stellar rally in FY21 experts advise investors to pare down their expectations for FY22 as returns will be more normalised.
Nifty PSU Bank index rose over 4 percent led by the Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank
Rupee Opens: Indian rupee opened 17 paise lower at 74.77 per dollar on Friday versus Thursday’s close of 74.60, amid flat trading seen in the domestic equity market. On April 8, the local currency ended lower by 5 paise at 74.60 per dollar against previous close of 74.55.
SREI Infra shares hit 20% upper circuit:
SREI Infrastructure Finance share price surged 20 percent hitting the upper circuit of Rs 7.02 a share on BSE after the company received the expression of interest for up to $250 million capital infusion.
Srei Equipment Finance Limited (SEFL) announced on April 8 that it has received an expression of interest for up to $250 million capital infusion in the company from US-based Arena Investors LP and Singapore’s Makara Capital Partners.
The US dollar traded near its two weeks low versus major peers on Thursday, following Treasury yields. However, due to rising Covid-19 cases many states have announced partial lockdowns that have created uncertainty. This may taper money growth, which suggests this will put depreciation pressure on the rupee.
The dollar-rupee April contract on the NSE was at Rs 74.80 in the last session. The open interest increased 2% for the April series.
Nifty Bank index shed 1 percent dragged by the IDFC First Bank, ICICI Bank, IndusInd Bank
Gold on Friday held near a more than one-month peak scaled in the previous session, with bullion set for a weekly gain of over 1%, as a weakness in the dollar and Treasury yields offered support along with a surprise jump in U.S. jobless claims.
Gainers and Losers on the BSE Sensex
Market Opens: Indian indices opened lower on April 9 amid mixed global cues.
At 09:16 IST, the Sensex was down 162.52 points or 0.33% at 49583.69, and the Nifty was down 40.90 points or 0.27% at 14832.90. About 756 shares have advanced, 430 shares declined, and 75 shares are unchanged.
Trade Spotlight: What Should Investors Do With JSW Steel, JSPL & Tata Steel?
JSW Steel gained over 9 percent with strong volumes, JSPL rose nearly 7 percent, and Tata Steel rallied nearly 5 percent on Thursday to hit a fresh 52-week high were some of the stock in focus.