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Nifty View:
SGX Nifty indicates a negative opening for Nifty.
Global Markets are indicating a negative bias.
27 of Nifty 50 stocks had closed in Red last day. Foreign institutional investors (FIIs) Sold net shares worth Rs 469.5 crore, while domestic institutional investors (DIIs) net Bought shares worth Rs 766.95 crore.
Key support to Nifty is placed at 18,000 followed by 17,900. Important resistance at 18,080 followed by 18,150.
Stock In News:
Tata Motors: To plan for 20% EV penetration in 5 years. To expand portfolio of offering India specific products with different body styles and driving range. Tata Motors eyes 10 EVs by FY26
Yes Bank: Moody's Investors Service has upgraded Yes Bank's rating to B2 from B3 and changed outlook to positive from stable.
Maruti Suzuki: Maruti Suzuki launched the new version of Celerio in India, priced between Rs 4.99 lakh and Rs 6.94 lakh (ex-showroom Delhi).
Bandhan Bank: ICRA has downgraded the rating outlook on Bandhan Bank from ‘stable’ to ‘negative’.
MOIL: Board approved buyback of up to 3.38 crore equity shares at Rs 205 each for an aggregate consideration Rs 693 crore
Power Grid Corporation of India: Approved capital expenditure for procurement of telecom equipment at an estimated cost of Rs 429.24 crore. It also approved Regional System Strengthening Scheme to mitigate the overloading of 400 kV NP Kunta-Kolar S/C line at an estimated cost of Rs 122.71 crore including IDC of Rs 3.39 crore
Alembic Pharmaceuticals: U.S. FDA conducted an inspection at the company’s injectable facility at Karkhadi from October 28 to November 10. The FDA issued a Form 483 with 10 observations. The company is preparing the response to the observations
Adani Transmission: Adani Transmission is planning to increase its share of renewable power procurement from the current 3% to 30% by financial year 2023 and to 70% by FY 2030.
Wipro: The company has been chosen as a strategic partner in the transformation of Aggreko’s Finance and Procurement function.
