Sensex and Nifty closed last week on a flat note after volatile trade throughout Friday. Sensex ended the day at 74,248 after gaining just 0.028 per cent while Nifty saw a 0.0042 per cent decline to end the day at 22,513.
On the movement of markets on Friday, Vinod Nair, Head of Research at Geojit Financial Services, said, "While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24. The global sentiment was dampened by the rise in oil prices and tensions in the Middle East. Investors remain attentive to upcoming US non-farm payroll and unemployment data, seeking clarity on the Federal Reserve's future rate path."
Key US data is set to be out during the week which will give an indication on future interest rate trajectory. Here are the stocks to watch today:
1) Wipro: The company said its CEO Thierry Delaporte had resigned on April 6. The company's share price stood at Rs 485 after declining by 0.49 per cent on Friday.
2) Vodafone Idea: The company's board has approved issuance of equity shares worth Rs 2,075 crore to its promoter Aditya Birla Group. Its shares closed on a flat note at Rs 13.35 on Friday.
3) Bandhan Bank: The bank announced that its MD and CEO Chandra Shekhar Ghosh will retire after his tenure ends on July 9. Its shares closed at Rs 197.40 on Friday after declining 0.28 per cent.
4) Zee: The company has informed its board of plan to streamline management and rationalise workforce by 15 per cent. Its shares declined by 0.52 per cent on Friday to close at Rs 152.25.
5) Titan: The company said its revenue grew 17 per cent in the March quarter compared to the year ago period. Its shares recorded a 0.74 per cent decline on Friday to end the day at Rs 3,754.65.
