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Nifty View:
As usual SGX Nifty indicates a positive opening for Nifty.
Global Markets are indicating a Mixed bias.
Nifty formed a bearish candle on daily charts.
28 of Nifty 50 stocks had closed in Red last day. Foreign institutional investors (FIIs) sold net shares worth Rs 2818 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 428 crore.
Key support to Nifty is placed at 18,000 followed by 17,880. Important resistance at 18,250 followed by 18,330.
Stock In News:
Greenlam Industries: Board Meeting On Oct 26 To Consider Issuance Of Non-Convertible Debentures Worth Up To 990m Rupees
Tata Chemicals: The company is considering selling its soda ash business in the U.S. It’s seeking $1 billion or more for the asset
Bharti Airtel: The company's rights issue of up to Rs 20,987.39 crore has been closed for subscription on October 21. The issue was subscribed approximately 1.44 times
Reliance Industries: The company’s proposal to appoint Aramco Chairman as independent director gets shareholder approval. 98% of votes cast were in favour of appointment
KEC International: The company has secured new orders of Rs 1,829 crore across its various businesses
Bank of Maharashtra: Raised Rs 1,000 crore through private placement of 1,000 Basel
Tata Motors: S&P Global Ratings has upgraded the credit rating of senior unsecured notes of Tata Motors and Tata Motors Holding Pte to BB-/Stable from B/Watch Positive
lnduslnd Bank: To raise up to Rs 2,800 crore via issuance of unsecured Basel III Compliant Bonds in the nature of debentures on private placement basis
IRB Infrastructure: To consider proposal of fund raising on October 26.
India Grid Trust: To consider raising funds in October 27 meeting.
Embassy Office Parks REIT: Completed a lease renewal in Embassy Manyata, Bengaluru with Nokia Solutions and Networks India
Thomas Cook (India) and its group company SOTC Travel have partnered with Vistara to launch Vistara Getaways. The partnership will offer Vistara’s customers a diverse range of holidays at attractive prices
Wipro: To launch a Technology Business Management Practice as part of its strategic relationship with Apptio.
IEX Q2 results: Net profit surges 67% YoY, co approves 2:1 bonus issue. Cons. Net Profit Up 75 % at Rs 77 cr (YOY), up 25 % (QOQ) ,Revenue Up 57 % at Rs 110 cr (YOY), Up 21 % (QOQ), EBIDA Up 71 % at Rs 95 cr (YOY), Up 21 % (QOQ)
TRIDENT Q2 :Cons. Net Profit Up 123 % At Rs 234 cr (YOY), Up 14 % (QOQ), Revenue Up 44 % at Rs 1691 cr (YOY), Up 14 % (QOQ), EBITDA up 79 % at Rs 410 cr (YOY), Up 7 % (QOQ).
TANLA PLATFORM Q2 : Cons. Net Profit Up 68 % at Rs 131 cr (YOY), Up 31 % (QOQ), Revenue Up 44 % at Rs 841 cr (YOY), up 34 % (QOQ), EBITDA up 83 % at Rs 178 cr (YOY), Up 33 % (QOQ).
JSW STEEL Q2 ; Cons. Net Profit Up 350 % To Rs 7170 cr (YOY), Up 21 % (QOQ), REVNUE Up 71 % at Rs 31909 cr (YOY), Up 12 % (QOQ), EBITDA Up 159 % To Rs 9823 cr (YOY)
NAZARA TECH : Google play reduces App subscription Fees by 50 % (Negative)
Major Quarterly Results on 22.10.21:
- RIL
- APOLLO PIPE
- TATA CONSUMER
- FEDERAL BANK
- HDFC LIFE
- HIND ZINZ
- KAJARIA
- PVR
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