The Indian market is likely to open lower on Tuesday as the trend on SGX Nifty indicates a weaker start for the broader index in India. The Nifty futures were trading 33.75 points or 0.23 percent lower at the 14,878.20 level on the Singaporean Exchange at 7:10 am.
Shipping Corporation of India: DIPAM Secretary has received multiple expressions of interest for privatisation of the company and the said transaction will move to the second stage now.
BPCL, IOC, HPCL: BPCL board approved sale of entire stake in Numaligarh Refinery for Rs 9,875 crore. Oil India, Engineers India and Government of Assam will be picking up the stake.
Eicher Motors: Total motorcycle sales in February 2020 rose to 69,659 units versus 68,877 units MoM.
UPL: The company signed long-term pact with FMC Corporation for Rynaxypyr active ingredient.
Hero MotoCorp: Unit total sales in February 2020 increased to 5.05 lakh units versus 4.98 lakh units YoY.
NMDC: Production in February 2020 increased to 3.86 million tonnes from 3.24 million tonnes YoY and sales rose to 3.25 million tonnes from 2.91 million tonnes YoY.
Ashok Leyland: Commercial vehicle manufacturer Ashok Leyland’s total sales in the month of February 2021 rose 19 percent to 13,703 units as compared to 11,475 units in the same month last year.