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Because of the celebration of Ram Navami today, the BSE and NSE will be closed.
The BSE website states that Indian equity benchmarks will be closed on Wednesday in honor of Ram Navami. The segments pertaining to equity, security lending and borrowing (SLB), and equity derivatives would remain closed. Today would see the suspension of trading in electronic gold receipts, currency derivatives, and commodities derivatives. Ten stock market holidays, including Saturdays and Sundays, are observed in April this year. There are currently six that have been identified.
Tuesday saw benchmarks continuing their sharp slide for the third straight session as a result of weaknesses in state-owned lenders and technology. The NSE Nifty, the leading index, finished the day at 22,148 after dropping 125 points, or 0.56%. Furthermore, the 30-share BSE Sensex pack had a day-ending drop of 456 points, or 0.62 percent, to close at 72,944.
Mixed results were seen in mid- and small-cap stocks, with the Nifty Midcap 100 falling 0.09 percent and the Nifty Smallcap 100 rising 0.75 percent. The India VIX, or fear index, increased 1.8% to the 12.62-level.
The NSE’s 16 sectoral indices saw eight of them end up in the red. The Nifty PSU Bank and Nifty IT sub-indices underperformed the index, declining 1.27 percent and 2.58%, respectively. Nifty Oil & Gas and Nifty Pharma, on the other hand, saw increases.
Today is Tata Communications’ Q4 result release; PAT will probably increase by 625% on a QoQ basis.
According to the research desk, Tata Communications’ income growth is expected to improve by 2.4%. Additionally, it is anticipated that data revenue would increase by 3% QoQ while voice income will probably decrease by 3%.
In the most recent quarter, there was an extraordinary loss of Rs 185.5 crore.
On a quarter-over-quarter basis, the company’s sales is projected to rise by 2.1% to Rs 5,750 crore, and its earnings before interest, taxes, depreciation, and amortisation (EBITDA) to rise by 1.4% to Rs 1,150 crore from Rs 1,134 crore.
It is anticipated that the margin would stay unchanged at 20%, having dropped from 20.1% in the previous quarter.
Mainboard FPO as of right now
- Date of release: April 18–22
- Vodafone Idea FPO
- GMP 11.1%
Present-day IPOs for SMEs
- Greenhitech Ventures, which closes today
GBP 40%, issued from April 12 to 16. - Solubility Ramdevbaba Ltd.
Date of issue: April 15, 16, 16% GMP - Splendor Services Grill Grill
GMP not accessible; issue date: April 15–18
Note that this is merely for educational reasons and that GMP was copied from the internet.
Future changes may be made to the GMP. If you would want to apply for the IPO, please speak with your financial counselor first.
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