Join our Telegram Channel for Live Updates and Calls: FunDirector
Nifty View:
Yesterday's market was exactly what we had discussed hence we could make a good profit even in the volatile market.
Global cues are slightly positive so today too we can expect sector-specific actions. BSE came out with a clarification on add-on surveillance measures, we can watch for mid-cap and small-cap to how they are responding today.
Same as yesterday important support is placed at 16,140-16,180 and watch for Nifty to break 16,350 and give a good close above. Only a momentum above 16,350 could support Nifty to the bull side.
Both FIIs and DIIs were net buyers yesterday, OI analysis is supporting the bull side so we could expect a positive bias.
PSU Banks can be focused today as they already undergone severe selling pressure.
Stocks in News:
Vodafone Idea : Vodafone Idea's cash flow analysis indicates that its situation may remain challenging even after any relief measures, and the telco needs "meaningful capital infusion" with a long gestation period to become competitive, a report by Credit Suisse said on Wednesday.
BHEL Informs 51 % stake transfer of its subsidiary Bhel Electrical Machinery To Govt of Kerala
Zomato : Zomato to divest and shut down US table reservation business.
Entertainment stocks: Maharashtra government has decided to allow malls and restaurants to remain open till 10 pm with a 50% capacity from 15 August. However, cinemas will continue to remain shut till further notice.
ITC: Cigarettes-to-hotels conglomerate ITC Ltd has undertaken an "extensive strategy reset" that will power the company's next phase of growth as it taps into newer opportunities across businesses with a strong focus on digital and sustainability, chairman Sanjiv Puri said at the company's 110th AGM on Wednesday.
VIP IND. Q1: Cons.Net Profit of Rs 2.53 cr V Rs 3.78 cr Loss (QOQ), Rs 51.32 cr Loss Last year, Revenue Down 15 % To Rs 206 cr (QOQ), Up 415 % YOY, EBITDA Up 315 % to Rs 13.15 cr (QOQ), Rs 55.3 cr Loss last year
Major Corporate Results on 12.08.21:
- Ashok Leyland
- Bharat Forge
- BPCL
- Eicher
- Eid Parry
- Railtel
- Rites
- WaterBase
- Tata Steel
