DSIJ Mindshare

Indian indices may open the session on a cautious note post the Holi festival and ahead of the weekend and an expiry next week. Also, the cues from the Asian peers are not encouraging. At the time of writing, the SGX Nifty was marginally down by 7 points at 11,585. The data on India’s foreign exchange reserves for the week ended March 15 will be released today.

Mirc Electronics’ Onida brand has launched a new smart AC series – Onyx Smart and Genio. These ACs would have an additional unique feature of smart voice technology and capability to be operated through a mobile app.

The stocks that are likely to witness significant movement on the bourses on March 22 are REC, Asian Oilfield Services, Lactose India, Maruti Suzuki and Essar Steel.

State Bank of India (SBI) will auction non-performing assets worth Rs. 6,169 crore to asset reconstruction companies (ARCs), banks and NBFCs between March 22 and 30, 2019

The Board of Directors of Vodafone Idea Limited approved the offer and issue of fully paid-up equity shares of the company by way of rights issue in a board meeting held on January 23, 2019. The terms of the right issue were approved in the meeting held on Wednesday, March 20, 2019.