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Nifty View:
Yesterday we had clearly mentioned the levels and hope you made profits. Breaking 17,150 triggered the bulls to 17,200 and highs.
Currently, during the dream rally of Nifty, expensive stocks are becoming the most expensive ones. All are major Nifty 50 stocks that leading the rally. Yesterday Reliance and TCS had taken Nifty to new highs.
36 of Nifty 50 stocks had closed in Green yesterday. FIIs and DIIs were net buyers of 348.52cr and 381.7Cr respectively.
SGX Nifty indicated a flat opening to Nifty.
17280 will be a major resistance for Nifty and 17,130 followed by 16,980 will be acting as support.
Overall global sentiments are Neutral watch for consolidation of Nifty with a positive bias.
FIIs and DIIs still continue their buying mode.
Stocks in News:
Bharti Airtel: Digital business is expected to start contributing to revenue in the next few quarters for Bharti Airtel as demand for such services spiked during the pandemic, according to Sunil Mittal.
Reliance Industries Ltd: Reliance Retail Ventures has acquired sole control of Just Dial. Just Dial on September 1 allotted 2.12 crore equity shares at a price of Rs 1,022.25 per equity share to Reliance Retail, representing 25.35% of Just Dial’s paid-up share capital. ce Retail now holds 40.98% in Just Dial.
Granules India: The company has received licence from Defence Research & Development Organisation, Ministry of Defence, to manufacture and market 2-Deoxy-D-Glucose.
IRB Infrastructure Developers: The company has emerged as a preferred bidder for the construction of six lanes of 20.060 kms, Pondavakkam to Kannigaipair stretch, on the upcoming Chittoor – Thachur Highway in Tamil Nadu at the cost outlay of Rs 909 crore.
RailTel Corporation of India: The company has received a contract from Directorate of Information Technology, Indian Air Force for implementation of secure OPS Network for value of Rs 299.95 crore.
OnMobile Global: A branch of the company in Panama has been dissolved effective August 31.
Multiplex stocks: India's top two multiplex chains PVR Cinemas and INOX Leisure Ltd are refusing to screen the Hindi version of Kangana Ranaut's Thalaivii saying the window to its Netflix premiere is too narrow, said two film trade analysts on condition of anonymity.
Adani Green Energy: The company has raised $750 million through a green bond to fund the equity for its under-construction projects, it said in a statement.
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