Trends on SGX Nifty indicated a lower opening for the domestic markets.
new Delhi: In the midst of the Russia-Ukraine war, domestic stock indices may have started a sharp fall on Monday. Oil prices soared and global stocks sank as risks of US and European sanctions on Russian products and delays in Iranian talks shaped up to a major stagflationary blow to world markets. Objects of all stripes were on the rise as the Russian-Ukraine conflict showed no signs of cooling. Trends on SGX Nifty indicated a lower opening for the domestic markets. Nifty futures also known as SGX Nifty futures on the Singapore Exchange lost 468.40 points or 2.88 per cent to close at 15,798.20.
The benchmark BSE Sensex had closed 769 points or 1.40 per cent lower at 54,334 on Friday; While the broader NSE Nifty was down 253 points or 1.53 per cent at 16,245.
Here are the stocks to watch during today’s session:
Reliance Industries: Oil-to-telecom conglomerate RIL has announced the opening of India’s largest convention center at Jio World Center in Mumbai.
PNB Housing Finance: After a failed attempt to raise Rs 4,000 crore by selling stake to Carlyle Group last year, the mortgage lender may take a call on raising capital through a rights issue on March 9.
Nazara Technologies: Digital gaming and sports firm Nazra has approved the issuance of approximately 1.1 lakh equity shares at an issue price of Rs 2,260 for acquiring 22,499 equity shares of Datawrkz Business on a preferential basis, aggregating to around Rs 24.99 crore.
Coal India: BCCL, a subsidiary of CIL, registered a record 61 per cent increase in its production in February this year to 3.24 million tonnes (MT) over the corresponding month of the previous financial year.
Wipro: The IT company has appointed Nicolas Parmaxijian as chief executive officer of its global experience innovation firm Designit.
In addition, oil stocks are likely to remain in focus as rates rose more than 7 percent, the highest level since 2008.