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Nifty View:
Global cues are slightly negative due to Coronavirus fear, but we have already undergone the worst condition of the second wave. hence stocks specific actions may continue for Nifty. One can expect Nifty to consolidate with a positive bias.
SGX Nifty indicates a flat opening to Nifty. 16,180 and 16,320 will be major support and resistance for Nifty to watch.
After so long buying of DIIs they turned their role to sellers on every high, so watch for profit booking at heights.
Stocks in News:
Aviation stocks: Domestic air passenger traffic rose steeply for the second consecutive week, as a fall in covid-19 cases, lower fares, and the easing of curbs by most states encouraged more people to take to the skies.
Hinduja Global: Co. Sold Healthcare biz to Rs 9200 cr To Baring Pe.
GATI Q1: Cons. Net Loss Of Rs 18.65 cr V Rs 161 cr Loss (QOQ), Rs 24.3 cr Loss Last year, Revenue down 27 % To Rs 290 cr (QOQ), Down 85 % Yoy
Tata Metaliks Informs Planned Shutdown in Kharagpur Plant for annual maintenance.
NSE IFSC to introduce trading in US Stocks in India. The proposed framework, Option to trade in fractional quantity/value will make US stocks affordable to Indian retail investors
Amara Raja Batteries: The auto part manufacturer plans to invest about USD one billion in the next five to seven years towards Capex to be spent for both organic and inorganic growth, a company's senior official said.
Gati: The Allcargo group firm has appointed Pirojshaw Sarkari as its CEO, the company said on Monday. Sarkari was appointed after Bala Aghoramurthy, Deputy Managing Director at Gati-KWE, decided to take a break from his corporate executive role.
Major Corporate Results on 10.08.21:
- Power Grid Corporation
- Zomato, Coal India, Siemens
- Motherson Sumi Systems
- Lupin
- Jindal Steel & Power
- Max Financial Services
- Trent
- Max Healthcare Institute
- Whirlpool of India
- Manappuram Finance,
