Stock Market Today: Dalal Street was set for a successful start on Monday as the GIFT Nifty on the NSE IX moved up 57.5 points, at 22,539, during trading. On the daily chart, the Nifty finished Thursday 203 points higher and formed a respectable bull candle with a long upper shadow, showing selling pressure close to all-time highs around 22,500 levels. Monday’s opening of Tokyo equities was positive following the release of US inflation statistics that met the Federal Reserve’s forecast. While the larger Topix index gained 0.12 percent, or 3.44 points, to 2,772.06, the benchmark Nikkei 225 index saw an increase of 0.60 percent, or 242.22 points, to 40,611.66.
Stock Market Today: Stocks in focus
HDFC Bank
The private lender announced that, as of March 28, the board had named Sumant Rampal as Group Head, Mortgage Business. Rampal was the Group Head of HDFC Bank’s Sustainability Livelihood Initiative, Rural Banking Group, and Business Banking Working Capital before being appointed in lieu of Arvind Kapil.
Infosys
During the March quarter, the Income Tax Department sent orders to the IT services company for assessment years 07-08 to 15-16, 17-18, and 18-19. The corporation expects a refund of Rs 6,329 crore (with interest) in accordance with the rulings. Additionally, assessment orders for assessment years 22 and 23 totaling Rs 2,763 crore (including interest) and assessment years 11 and 12 totaling Rs 4 crore (including interest) have been given to the corporation.
Asian Paints
The paint manufacturer’s plan to subscribe for 4.79 crore equity shares of its Singaporean subsidiary Asian Paints International for SGD 32.1 million (Rs 200 crore) has been approved by the board. The issue and distribution price of these shares is SGD 0.67 per share.
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