Domestic stock markets are expected to strengthen due to cautious positive signals from the global market front. Wall Street recorded modest gains overnight, Asian markets are set for a modest positive start and early signs from SGX Nifty futures trading back home suggest a healthy start for the indices. At 7:30 am, the Nifty futures on the Singapore Stock Exchange was trading at 14,929 levels, up 65 points or 0.57 percent.
The BSE Sensex gained 460.37 points and the Nifty climbed 135.50 points on Wednesday after keeping key policy rates unchanged in the first monetary policy for FY 2022.
Stocks to watch in trading in today’s session (April 8, 2021)
Ashok Leyland has decided to set up two new subsidiaries as part of its plans to strengthen green transportation solutions. The first unit – Switch Mobility Automotive – is being built in India to advance the electric vehicle strategy and is part of its global unit. A second subsidiary – OHM Global Mobility – will focus on providing mobility as a service offering.
The board of directors meeting is scheduled for Monday, April 12, 2021 to consider and declare an interim dividend for the financial year 2020-21. The company has set April 23 as the record date for shareholders to decide who will be entitled to receive an interim dividend.
UCO Bank said that its board has approved the allocation of preference shares to the government to provide capital of Rs 2,600 crore.
Hindustan Copper opened the issue of its qualified institutional appointment for membership on April 7, the company said in a regulatory filing to the stock exchanges. The floor price has been fixed at Rs 125.79 per share.