The Indian stock market is expected to open flat on Wednesday. The SGX Nifty is indicating a flat start for the Indian index. On the second consecutive day in the Indian market, there was a tremendous jump in the benchmark indices on Tuesday. On Tuesday, the Sensex and Nifty closed at 1-1% upper levels. On the BSE, the Sensex (BSE Sensex) closed at 48,944 with a gain of 557 points, or 1.15%. At the same time, NSE Nifty on NSE also saw a tremendous increase. The Nifty was up 170 points at 14,654. Yesterday, the Sensex had also reached the upper level of 49,000 in trading hours.
Know the condition of the global market ..
- US Markets
The S&P 500 (S&P 500) and the Dow Flatt were closed. Investors focused on a wave of earnings reports from Microsoft, Alphabet and other corporate giants.
The Dow Jones Industrial Average was up 0.01% at 33,984.93 points, while the S&P 500 was down 0.02% at 4,186.72. The Nasdaq Composite fell 0.34% to 14,090.22.
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- SGX Nifty
Trends on the SGX Nifty indicate a flat start for the broader index in India. The Nifty futures was trading at the Singapore Exchange at 7:25 IST with a level of 14,656.
- Jomato Info Edge to sell stake for Rs 750 crore
Info Edge said on Tuesday that it will sell its stake of Rs 750 crore under the IPO of Jomato, an online food ordering platform. In the information given to the stock market, Info Edge said that Jomato is proposing to launch an IPO. In it, Zomato Ltd. Info Edge will be included in the sale offering along with the latest equity shares of Rs.
He said, the Board of Directors of the company considered it on Tuesday and approved to participate in the sale offer. It will be up to Rs 750 crore.
- WHO moves aid to India
The World Health Organization (WHO) said on Tuesday that it would help India. This includes oxygen and other essential supplies. At the same time, on Monday, tech giants Google (Google), Microsoft (Microsoft) and Apple (Apple) came forward to help India battling the second wave of Coronavirus. The American Chamber of Commerce and the Chief Executive Officer (CEO) of America’s top 40 companies have also stepped up to help India in the fight against Corona. The CEOs of 40 companies have united on Monday to set up a Global Task Force, moving towards helping India facing the dangerous wave of Corona.
- 21 companies will release quarterly results
There are over 21 companies on the BSE that will announce their results for the quarter ending in March, including names like Bajaj Finserv, Biocon, GHCL, KPIT Technologies, Tata Communications and UTI Asset Management Company.
- FII and DII data
Net shares of foreign institutional investors (FIIs) sold shares worth Rs 1,454.75 crore, while domestic institutional investors (DIIs) bought shares worth Rs 1,463.44 crore in the Indian equity market on 27 April.
- Ban on NSE under 1st Stock F&O Restriction
SAIL was the sole stock for April 29 under the F&O ban. Securities in the restriction period under the F&O category include companies in which the broad market position of the security market has exceeded 95 percent of the limit.