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Nifty View:
Nifty has managed to close above 16,350, if sustains Nifty can reach 16,500 to 16,600.
Global cues are positive so today too we could expect stock-specific moves. 16,430 is the immediate resistance for Nifty, and near support is placed at 16,280.
Local cues are positive, we could expect consolidation with net positive bias. Also, watch for profit booking at heights.
As per SGX Nifty, it indicates a negative opening for Nifty.
Stocks In News:
Tata Steel reports Q1 earnings, net consolidated profit at Rs 9,768.3 cr Vs loss of Rs 4,648.1 cr YoY, operating margin at 30.2%
Hero Moto Corp reports Q1 earnings, net consolidated profit at Rs 365.4 cr Vs CNBC-TV18 poll of Rs 402 cr, revenue 5.3% below estimates
Ashok Leyland reports a loss of over Rs 280 cr in the first quarter.
Future Group Stocks: Future Coupons moves SC, challenges HC order
Power Stocks: Power Ministry advises Central Govt offices to switch over to Prepaid Smart Meters on priority.
BPCL: Q1 SL NET PROFIT 1500 cr RUPEES VS 2080 cr (YOY); EST 2000 cr | 11940 cr (QOQ)
MISSES ESTIMATES
Major Corporate Results on 13.08.21:
- ONGC
- APOLLO HOSPITALS
- GRASIM
- IGL
- PETRONET LNG
- SUN TV
- GMR INFRA
- GSFC
- MOIL
- BURGER KING
