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Nifty View:
SGX Nifty indicates a cautious opening for Nifty.
25 of Nifty 50 stocks had closed in Green last day. Foreign institutional investors (FIIs) sold net shares worth Rs 594.63 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1397 crore.
US Markets closed in Red, Global trends are neutral Local cues will be dominating the market.
Breaking yesterday's high or low could give a move in Nifty on either side. 17,940 is a key level to watch on the upper side, whereas 17,800 will be on the lower side.
Following the Global trend Nifty IT had a profit booking yesterday. Today watch for the recovery of Nifty IT. Also, keep Nifty Bank on your radar to track Nifty moves.
Stock In News
GSFC: CBIC proposes huge anti-dumping duty for Caprolactam.
BPCL: Plans invest Rs 1 lakh crore over next 5 years in raising petrochemical production capacity, gas business, clean fuel, and augmenting marketing infrastructure, Chairman Arun Kumar Singh said during a conference. The company is also looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while also invest in biofuels and hydrogen.
Allcargo Logistics: The company is considering selling a stake in its container shipping firm ECU Worldwide, according to a Bloomberg report.
RIL: The company is in talks to buy a stake in Glance InMobi Pte, according to a Bloomberg report. RIL is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google.
Adani Enterprises: Adani Airport Holdings, a wholly-owned subsidiary of the company, has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Adani Airport Holdings to own 74% of April Moon Retail.
NTPC: Co Has Won 1.9 GW In Auction Of CPSU Scheme-II, Tranche-III Of 5 GW
Paisalo Digital: State Bank of India has signed a Service Level Agreement with the company, National Corporate Business Correspondent of the Bank, for promoting financial inclusion by providing banking services through kiosks.
RBL Bank: RBI has imposed Rs 2 crore penalty on the bank for contravention of norms on maintaining deposits and guidelines governing the appointment of directors on board. RBL Bank had opened five savings deposit accounts in the name of a cooperative bank, RBI said.
HDFC: Seeks to raise up to Rs 6000 crore via issue of secured NCDs private placement.
NTPC: The company has won 1.9 GW solar projects under CPSU scheme.
Raymond: Approves consolidation of the tools & hardware and auto components businesses into unit JK Files and real estate business wholly-owned unit
Whirlpool India:Enters Into Agreements To Acquire Majority Stake Of Elica PB India
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