Volatility has been the name of the game on Dalal Street in the last few days. At 7:00 am, the SGX Nifty is trading 85.40 points or 0.96 percent higher at 9,001.00, indicating a positive start for the Sensex and Nifty50. Overnight, the Wall Street jumped after Monday's historic sell-off as the Dow Jones Industrial Average rose 1,048.86 points, or 5.2 percent on hopes of a Fed stimulus as the world grapples with the coronanvirus pandemic. Asian stocks are trading mixed however as the Dow Futures is down more than 500 points.
Here are top buzzing stocks for today:
Wipro: The IT major has implemented core banking solution for Canara Bank sponsored Regional Rural Bank (RRB).
Yes Bank: The Reserve Bank of India (RBI) will lift the moratorium imposed on the Yes Bank today and the bank will resume full banking services from 18:00 hours IST.
Mahindra & Mahindra (M&M): The company has signed an agreement for subscribing to around 5 percent of the share capital of Algeria based Eurl LD Azouaou. The Algerian company is engaged in the business of tractor assembly and distribution in Algeria. The deal will help M&M enter Algerian farm equipment market with Eurl LD as the distributor.
HCL Technologies: The company has announced the latest version of HCL Appscan, a pioneering product in application security testing, to be generally available in April 2020. AppScan is a single solution for automated application security testing and management activities.
Avenue Supermarts: The company has redeemed 1,000 secured rated unlisted redeemable non-convertible debentures of Rs 100 crore.
RBL Bank: The board of the bank has approved payment of interim dividend of Rs 1.50 per share for the financial year 2019-20.
Escorts: The company’s board meeting on March 20 will consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment.
Reliance Naval: The company has received a termination and evacuation notice dated March 16, 2020 from Gujarat Pipavav Port Ltd for termination of sub-concession agreement executed for land parcels.
Vakrangee: The company has introduced vHealth by Aetna primary care services through its network of Vakrangee Kendras.Manappuram Finance:
The company will hold a board meeting on March 20 to consider issuance of Non-convertible debentures (NCD).