Today, the start for the Indian markets is likely to remain weak on negative global cues and on lingering concerns of the proposed no-confidence motion against the government. The SGX Nifty is indicating that the Nifty could open with modest loss of 35 points around 10,327 at the opening bell. 

Stocks that are likely to record significant movement on the bourses on Friday, March 16, 2018 are Puravankara Limited, Bharat Financial Inclusion Limited, Adani Transmission Limited, Zensar Technologies Limited, IDFC Bank Limited and Karur Vysya Bank Limited.      

The World Bank forecasted Indian economic growth to accelerate to 7.3 per cent in 2018-19 and to further speed up to 7.5 per cent in 2019-20.

The IPO of Sandhar Technologies Limited will remain open for subscription from March 19-21, 2018. The issue comprises of fresh issue of equity shares of Rs. 10 aggregating up to Rs. 300 crore and Offer for sale of up to 64,00,000 equity shares.The issue price is in the range of Rs. 327-332 per equity share having a face value of Rs. 10 each. The minimum lot size consists of 45 shares.

PSB Central Bank of India spiked up more than 15 per cent as 0.8 per cent equity of the bank was traded in two block deals.

The aftermath of PNB scam has created various shifts in banking system and regulators have tightened the grip on banks across the board. In a new resolution shared by RBI, it has banned banks for issuance of LoU (Letter of Undertaking) for availing buyers credit.

MMTC Limited on Wednesday intimated the exchanges that the company will consider and approve the proposal for issue of Bonus Shares in its meeting scheduled to be held on March 19, 2018.

The share of tiles manufacturing company Asian Granito surged by over 5 per cent on the bourses in Thursday’s trade as the company announced that it has entered a joint venture with a local partner.

PNB has detected another fraud of Rs. 9 crore at the branch which is involved in the approx. Rs. 13,600 crore Nirav Modi scam.

Himadri Speciality Chemical zoomed past 4 per cent in the morning trade on Thursday on the back of company’s plan to invest Rs. 1,000 crore to setup a greenfield plant in West Bengal.