|
. |
..
Market Preview
Today’s Market Prediction:- Indian stock market Would open FLAT
- Technically, Nifty is in the Bullish zone- BankNifty is in the Positive zone
- Nifty index formed a bearish candlestick pattern with a long upper shadow on the daily charts
- India VIX up by 6.74 percent to 12.47 levels.
- Indian Overseas Bank:The bank will receive a refund of Rs 123.9 crore from the Income Tax Department for the Assessment Year 2021-22
- AU Small Finance Bank:The bank has announced a partnership with Niva Bupa Health Insurance Company to offer health insurance products to its customers.
- Axis Bank:SEBI has restrained Axis Capital (a subsidiary of Axis Bank) from undertaking any new assignments as a merchant banker, arranger, or underwriter for any issue of securities in the debt segment. The regulator has also asked Axis Capital to respond to its observations within 21 days.
Stocks in NEWS:- Rane Holdings:The company has acquired the remaining 51% stake in its joint venture, Rane NSK Steering Systems (RNSS), from NSK Ltd, Japan. Following the acquisition, RNSS has become a wholly-owned subsidiary and will be renamed Rane Steering Systems. IIFL Finance:The Reserve Bank of India (RBI) has lifted the restrictions imposed on IIFL Finance's gold loan business, allowing the company to resume sanctioning, disbursing, assigning, securitizing, and selling gold loans. Infosys:The company has agreed to invest Rs 17 crore in SpaceTech startup GalaxEye Space Solutions as part of its Infosys Innovation Fund. Tata Power:Tata Power and Singapore-based Indonesian mining company Adaro International have both sought compensation from each other over a dispute related to a coal supply agreement. Adaro has claimed $106 million and sought arbitration, while Tata Power has countered with a claim of $229.947 million for non-supply of coal. Geojit Financial Services:The board has approved a rights issue at Rs 50 per share, with a rights entitlement ratio of one equity share for every six equity shares held by eligible shareholders. The company had previously approved a Rs 200 crore rights issue in July. SM Auto Stamping:The Board has approved the appointment of Vaibhav Khadke as Chief Financial Officer, effective September 20, and Suresh Jagdale as General Manager-Account, effective September 19. Sandur Manganese and Iron Ores:The Karnataka State Pollution Control Board (KSPCB) has granted Consent for Operation for the company’s manganese and iron ore mines, allowing the enhancement of manganese ore production from 0.43 MTPA to 0.55 MTPA. Reliance Infrastructure:The Board has approved the issuance of up to 12.56 crore equity shares of the company, or warrants convertible into equity shares, at an issue price of Rs 240 per share through preferential allotment, and the raising of up to Rs 3,000 crore through the issue of equity shares to qualified institutional buyers via qualified institutional placement.
Market Indication:- Global: FLAT to POSITIVE NIFTY: FLAT to POSITIVE BANKNIFTY: FLAT to POSITIVE PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped to 1.26 on September 19, from 1.13 levels in the previous session. BULK Deals: VST Industries, Allcargo Gati etc. Stocks In F&O Ban Period:Chambal Fertilisers and Chemicals, NALCO, SAIL, Aarti Industries, Biocon, Birlasoft, GNFC, Granules India, LIC Housing Finance, Oracle Financial Services Software, Punjab National Bank, RBL Bank Results Today: Nil FII-DII: FIIs were net sellers of Rs.2547.53 crores whereas DIIs were net buyers of Rs.2012.86 crores in cash market for last trading session. NIFTY (25416) The support for the Nifty is: 25378-25322-25230 and the Resistance to the up move is at: 25558-25614-25705 levels.BANKNIFTY (53038): The support for BankNifty is: 52887-52767-52575 and the Resistance to the up move is at 53273-53392-53585 levels
Join/Renew us
Click here offer of the Month:
|
