Trends on SGX Nifty indicate a gap-up opening for the domestic indices with a gain of 119 points.

The Indian stock market is likely to open in the green on March 21 as trends on SGX Nifty indicate a gap-up opening for the domestic indices with a gain of 119 points.

Indian stock, commodity and money markets were closed on Friday, March 18, on account of Holi.

In the previous session on Thursday, the BSE Sensex climbed 1,047 points or 1.84 percent to 57,864, while the Nifty50 jumped 312 points or 1.84 percent to 17,287, the highest level since February 17, and formed bullish candle on the daily charts. The index saw robust bullish candle formation for yet another week, indicating bulls having strong upper hand at Dalal Street.

Asian Markets

Asian share markets started the week in a cautious mood on Monday as investors clung to hopes for an eventual peace deal in Ukraine, but the fighting raged on with no sign of stopping.

Japan’s Nikkei was shut, but futures traded around 300 points above the cash close. Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.

SGX Nifty

Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 119 points. The Nifty futures were trading around 17,401 levels on the Singaporean exchange.

Oil climbs on pressure from Ukraine conflict, tight market

Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their allotted quotas under a supply agreement.

Buzzing Stocks | HDFC, RIL, TVS Motor, BEL, NBCC, others in news today

HDFC: Subsidiary HDFC Capital Advisors Limited (HCAL) has entered into a share subscription agreement for acquisition of 3,90,666 equity shares of Loyalie IT-Solutions.

Reliance Industries: Reliance Retail acquires 89% stake in intimate wear maker Clovia. Reliance Retail Ventures Limited (RRVL) said on March 20 that it has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear maker Clovia. (Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary)

TVS Motor Company: Declared interim dividend. The board has declared an interim dividend of Rs 3.75 per share for the financial year ending March 2022.

NBCC (India): Received order from Administration of Union Territory of Ladakh. The company has received a work order from Administration of Union Territory of Ladakh, for providing comprehensive, design, engineering and project management consultant (PMC) services for various works. The estimated cost of the project is Rs 500 crore.

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