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Nifty View:
SGX Nifty indicates a positive opening for Nifty.
Global Markets are indicating a positive bias.
30 of Nifty 50 stocks had closed in Red last day. Foreign institutional investors (FIIs) bought net shares worth Rs 244.87 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 6 crore.
Key support to Nifty is placed at 17,820 followed by 17,600. Important resistance at 17,980 followed by 18,150.
Stock In News:
Tata Elxsi: Green Hills Software To Collaborate For Driver Monitoring System Platform
Infosys: Infosys Finacle and IBM collaborated to help banks accelerate cloud transformation journeys
UFO Moviez To Consider & Evaluate Proposals for raising funds
Bharti Airtel: The telecom operator reported a higher profit at Rs 1,134 crore in Q2FY22 against Rs 283.5 crore in Q1FY22; revenue rose to Rs 28,326.4 crore from Rs 26,853.6 crore YoY.
Mahindra & Mahindra Financial Services: Positive business update
Poonawalla Fincorp: Approved divestment of its direct and indirect shareholding in Magma HDI General Insurance to comply with IRDAI regulations.
Wipro: Wipro partnered with TEOCO to develop next-generation network solutions for communication service providers.
Adani Enterprises: Adani Defence Systems and Technologies, a wholly owned subsidiary of the company, has incorporated a unit Astraeus Services IFSC. The unit is incorporated with the object of leasing and managing of General Aviation aircraft
EaseMyTrip Q2 net profit zooms over 4-fold to Rs 27 crore
Jindal Steel Q2 Results: The sales volume surged 32 per cent quarter-on-quarter and 10 per cent year-on-year to hit a record of 2.13 million tonnes during the September quarter
Minda Corporation: The company has signed an agreement to purchase 49% equity shares in Minda Stoneridge Instruments for Rs 161 crore. The agreement has been executed among Minda Corporation, Stoneridge Inc., USA and Minda Stoneridge Instruments.
Tata Power Co. plans to improve its operating profit in the next few quarters through a multi-pronged strategy that includes higher tariffs and sustained generation from its power plant at Mundra.
Thirumalai Chemicals: The board has approved the investment in a project to manufacture Phthalic Anhydride and Fine chemicals at the company’s site in Dahej, Gujarat. The investment will be funded by the company's internal accruals and by borrowings
Saregama India: The company launched its QIP issue on Tuesday and approved the floor price of Rs 4,264.68 per share. The floor price is at a discount of 1.53% to Tuesday's closing price.
MTAR Technologies: Approved the appointment of Gunneswara Rao Pusarla as the CFO of the company
Major Quarterly Results on 03.11.21:
- State Bank of India
- Eicher Motors
- Aditya Birla Fashion and Retail
- Bata India
- DCM Shriram Industries
- GPT Infraprojects
- Grindwell Norton
- Gujarat State Petronet
- Gujarat Alkalies & Chemicals
- Likhitha Infrastructure
- Pfizer
