Major events watch for today –
Domestic
· Metropolis placement of 3% equity at Rs1100 a share (nearly 20% discount CMP Rs1337) - CA Lotus Investments offers as many as 6.55mn shares of Metropolis Healthcare with floor price of Rs1,110 a share, according to terms for the deal
· Wipro Q4 results and guidance (expect 3% revenue growth)
· Cabinet meeting today - A panel of Indian government ministers advised Prime Minister Narendra Modi to partially lift the lockdown on 20th April. Expectation of Auto, Metal, Pharma, Courier Industries lift partial lockdown only green zone area.
· IMD - Monsoon forecast today at 1PM
· NCDEX got SEBI approval of Rs500cr IPO
Global events
· Citigroup Inc., Bank of America Corp. and Goldman Sachs Group Inc. report results Wednesday.
· South Korea holds parliamentary elections and the Bank of Canada has a rate decision Wednesday.
Also Wednesday, U.S. retail sales are poised to fall in March by the most ever.
