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Nifty View:
SGX Nifty indicates a positive opening for Nifty.
Nifty had climbed to fresh Alltime highs, even after this dream rally currently Nifty is not showing tiredness.
17,680 and 17,730 can be the next resistance levels to watch for, and important support is placed at 17,580.
28 of Nifty 50 stocks had closed in Green yesterday. FIIs were net buyers of 1621Cr and DIIs were net sellers in the market, worth 795.13Cr last day.
Global sentiments remain positive.
Bank Nifty has been underperforming for a long time, Yesterday Bank Nifty had given a fantastic rally if the rally extends we could see Nifty in fresh highs.
Stock In News
JSW Steel: The company has raised $1 billion
TVS Motor Company: The company will take a majority stake in EGO Movement
Kotak Mahindra Bank: Kotak Mahindra Group has acquired the vehicle loan portfolio of Volkswagen Group’
Cosmo Films: To set up of new production line for Biaxially Oriented Poly Propylene Film at Aurangabad, Maharashtra with rated capacity of 67,000 MT annually
Majority of PSU BANKS; The Union Cabinet on September 16 approved a government guarantee of up to Rs 30,600 crore for security receipts to be issued by National Asset Reconstruction Company Ltd (NARCL)
Shreyas Shipping to acquire bulk carrier
Precision Camshafts retrofits passenger AC bus into 100% Electric Bus
Indiabulls Housing Finance: The company approved the floor price for the issue of foreign currency convertible bonds (FCCB) at Rs 231.48
Intellect Design Arena: The company has signed a multiple-year digital transformation deal with Resurs Bank
Hero MotoCorp: Hike prices
Dhunseri Ventures: approved incorporation of a new wholly-owned subsidiary in the U.S. for expansion and exploration of the cupcake business in the market
Ambalal Sarabhai: received regulatory approval
