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Nifty View;
SGX Nifty indicates a positive opening for Nifty.
Global Markets are indicating a Mixed bias.
Dalal Street investors were caught in a tug of war between the bulls and the bears, with the latter having an upper hand by the end of the trade. The domestic benchmark indices settled the highly volatile session lower amid the evolving geopolitical situation. Banks and metal stocks were under pressure, whereas realty, pharma and auto names gave much-needed support to the indices.
Nifty formed a Negative candle in daily charts.
17,430 and 17,490 will be acting as immediate resistance for Nifty where 17,270 and 17,080 will be spot support.
33 of Nifty 50 stocks had closed in Red last day. Foreign institutional investors (FIIs) sold net shares worth Rs 1890.9 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1180.14 crore.
Stocks In News;
Tata Motors: Jaguar Land Rover has formed a multi-year strategic partnership with Nvidia to jointly develop and deliver next-generation automated driving systems plus AI-enabled services.
TCS and MATRIXX Software Partner to Offer a Comprehensive Next-Gen Subscription Management Platform for CSPs
Wipro Selected as Strategic Transformation Partner by ABB
Infosys Named Foundational Partner in Launch of Google Cloud Cortex Framework
Modi Naturals performs groundbreaking ceremony for new ethanol distillery
JSW Ispat: JSW Ispat Special Steel, a joint venture of JSW Steel and AION, will acquire 100% equity share capital of Mivaan Steels to hive off its Raipur (Chhattisgarh) plant along with certain other assets to MSL via slump sale for Rs 450 crore.
Jubilant Ingrevia: The company has commissioned new Diketene derivatives facility at its manufacturing site at Gajraula, Uttar Pradesh. It has 7,000 TPA capacity to produce various esters (Mono Methyl Acetoacetamide, Methyl Acetoacetate, Ethyl Acetoacetate and Ter-Butyl Acetoacetate).
Future Consumer: The company has failed to service payment of Rs 21.18 crore principal and interest of Rs 5.49 crore on unlisted non-convertible debentures to CDC Emerging Markets Ltd.
Hikal: MPCB closes down Hikal's Taloja unit due to the recent non-compliance incident: the plant contributed 15% of its total revenue in FY21.
