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Nifty View:
SGX Nifty Indicates a slightly positive opening for Nifty. Global Markets are showing Mixed sentiments, so local cues will be driving the Nifty today.
Despite the selling of 1872.4Cr from DIIs Nifty had rallied with the help of FIIs buying in huge quantities of 3881.16Cr.
17,230 and 17280 will be a major resistance for Nifty and 16,980 followed by 16,830 will be acting as support.
As Wednesday we can expect huge volatility in the market, with a net positive bias.
42 of Nifty 50 stocks were closed in green yesterday. Watch for profit-booking by DIIs which will be a sudden move.
Stocks In News:
Maruti Suzuki: The country's top car maker expects production at its plants in the states of Haryana and Gujarat to be impacted next month due to a shortage of semiconductors, it informed on Tuesday. The total production volume across both Haryana and Gujarat could be around 40% of normal output, Maruti Suzuki said in a regulatory filing.
Aviation stocks: Indian airlines are expected to report a combined net loss of ₹250-260 billion in FY2022, and would require additional 450-470 billion between FY2022 and FY2024 to sustain operations, credit rating agency Icra said in a statement on Tuesday.
BHEL: The state-owned entity has secured its largest ever order worth 10,800 crore from NPCIL for EPC of Turbine Island for 6 units of 700 MWe.
Larsen & Toubro: India's largest engineering company, plans to sell its non-core assets - 1400 megawatt (MW) Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Ltd (L&T IDPL), the subsidiary having road projects and power transmission lines, the company said in a statement on Tuesday.
Wipro: Partnered with HERE Technologies to offer location-based services, to customers from energy & utilities, manufacturing, transport & logistics, telecom and automotive industry verticals.
