The Nifty 50 snapped a two-day losing streak on
Monday. While sentiment remained fragile globally, Indian
lenders are likely to be resilient, analysts said.
Meanwhile, foreign institutional investors (FIIs) extended
their selling streak on Monday, offloading 8.91 billion rupees
($108.4 million) of equities. FIIs have sold Indian equities in
11 out of the last 12 sessions. Domestic institutional investors
bought 18.09 billion rupees of equities.
Stocks to Watch:
** Paytm : Co's Paytm Wallet is now universally
acceptable on all UPI QRs and online merchants. Post the Wallet
interoperability guidelines on March 24, Paytm Payments Bank
will get 1.1% interchange revenue when Paytm Wallet customers
pay merchants acquired by other banks and payment aggregators.
** PNC Infratech : Co declared lowest bidder for
highway project worth 8.19 billion rupees.
** SJVN : Co secures green financing from Japan
Bank For International Cooperation of 9.15 billion rupees.
** Allcargo Logistics : Co signs share purchase
agreement for acquisition of 30% stake in Ganti-Kintetsu Express
for 4.07 billion rupees. ($1 = 82.1870 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by
Dhanya Ann Thoppil)
