Nifty View:
SGX Nifty Indicates a gap up opening to Nifty.
Global sentiments are negative so expect profit booking at highs. Also Cabinet Decisions at 11.00 may affect the market. As every Wednesday Volatility will be the key factor.
Yesterday we had discussed the 17,280 and 17,430 range, watch it for tomorrow too for a sustained move on either side.
Nifty had formed an indecisive candle for the second day in a row. As Wednesday we can expect huge volatility in the market.
31 of the 50 Nifty stocks were closed in Red. FIIs and DIIs were net sellers of 145 Cr and 136.57Cr respectively.
Stocks In News:
CIPLA : Approaches Govt for a price hike of respiratory drugs
Cabinet Meet at 11.00 am
As per Sources;
To take up Telecom Relief Package.
To take up PLI Scheme for Textile Sector: Network Sources
And Decision on MSP of Wheat & Other Crops Likely.
PSP Projects: The company is in receipt of Letter of Intent(s) for projects worth Rs 132.57 crore towards industrial and precast segment from different clients in Gujarat.
E I D-Parry: Approved Setting Up Of Distillery At Unit In Andhra Pradesh
DELTA_CORP Further to relaxations issued by the Government of Nepal
TVS_MOTORS Announced their new distribution partnership with ETG Logistics (ETGL)
MAS Financial Services: The company has entered into a strategic co-lending partnership with Bank of India for lending to MSME
Vidhi Specialty Food Ingredients: The company has set up 2 MW Solar Power Plant
Wipro: The company has partnered with Securonix to deliver managed security services
Setco Automotive: India Resurgence Fund, of Piramal Enterprises and Bain Capital Credit, to invest Rs 615 crore in Setco group
RailTel RailTel Corporation has received 42cr order from Indian Railways
