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Editor's Stock Picks;
Today we had already updated in Telegram Channel about GRASIM at 1,512 levels and already it had made a high of 1,537 it can be watched for the coming days.
Nifty View:
- Today nifty had broken the major support of 15,600 and touched 15,510 levels. As we expected, a V shape recovery was seen.
- The strategy is so far simple. Buying around 15,500 to 15,600 levels and selling 15,950. We could expect nifty to remain in the 15,900- 15,600 range in this expiry too.
- SL hunting may decide the market tomorrow. We could expect consolidation, as we have already witnessed huge volatility.
- We have been discussing the reversal of heavyweights for days. Tomorrow also the heavyweights like HDFC and RELIANCE should be in focus. Also, watch for Bank Nifty's reaction to News.
Stocks In News:
MARUTI SUZUKI INDIA: Q1 CONS NET PROFIT 475 CR VS LOSS 267 CR (YOY); EST PROFIT 78 CR | PROFIT 1241 Cr (QOQ).
Yes bank & IBULL HOUSING: Yes Bank & Indiabulls Housing Fin enter into a strategic co-lending partnership
Maruti Suzuki has been handling the semi-conductor issue better compared to others due to a wide portfolio, says Maruti Suzuki's Shashank Srivastava.
Adani Group: Four Mauritius-based funds that parked almost all their money in Adani Group companies have a history of investing in firms that ended up defaulting or were investigated for wrongdoing.
Cement stocks: India’s cement makers will add nearly 80 million tonnes of new capacity through fiscal 2023-24, according to Crisil Ratings.
Kanpur Plastipack Announces 1:2 Bonus issue. That is one new share On every existing 2 shares . Record date 26 Aug
Mahindra Lifespaces Announces 2:1 Bonus Issue i.e 2 new shares for every 1 existing shares held . The company will soon announce the Record date
BANKS : RBI: Authorised non-bank PSPs (PPI issuers, card networks, white label ATMs operators) eligible to participate in Central Payment Systems in the first phase. Alert: RBI in April had said non-banks would be allowed access to CPS viz. RTGS, NEFT in a phased manner.
CENTURY TEXTILES: Co receives big project approval from MCGM - Gets IOD approval for its real estate project at WORLI Mill Land.
RICE STOCKS: sources Say PM Modi directs govt authority to give incentive to Rice & maze for making ethanol production.
The Tamil Nadu government said it hopes to make use of similar CSR contributions from other companies to procure a total of 10 lakh vaccine doses over the next month.
FM NirmalaSitharaman said the Union Cabinet has cleared the DICGCBill and Limited Liability Partnership Act
Major Quarterly Results on 29.07.2021:
- Tech Mahindra
- Colgate
- PVR
- TVS Motors
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