After increasing for the six consecutive sessions, BSE Sensex and Nifty 50 had been staring at a gap-down start off on the 1st day of the week, as recommended by trends on SGX Nifty. Nifty futures had been trading 52.50 points down at 13,729.50 on Singaporean Exchange. Global cues will continue to dictate market place trend in the absence of any important domestic occasion. “We continue to keep a cautiously bullish outlook and suggest traders be light on the longs as the market is stretched in the short term. Any aggressive fresh buying should definitely be avoided at current levels. Immediate support for Nifty is now placed at 13450. Below 13450, we might get a confirmation for a brief profit-booking move on the downside which can then retest 13000 to 12800 zone,” stated Nirali Shah, Senior Research Analyst, Samco Securities.
Stocks in concentrate today:
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Stocks in concentrate: Reliance Industries, TCS, Info Edge, BPCL, Axis Bank, Larsen & Toubro, Majesco
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Stocks in concentrate: IndusInd Bank, Hero MotoCorp, Wipro, CSB Bank, Indiabulls Housing, Majesco, sugar stocks
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Stocks in concentrate: BPCL, M&M, HDFC, Punjab National Bank, Axis Bank, Future Enterprises
Antony Waste Handling Cell: Antony Waste Handling Cell is set to launch its Rs 300-crore initial public offer you (IPO) today. The firm has fixed the cost band of the challenge at Rs 313-315 apiece. The public challenge will close on December 23, 2020, for the subscription.
ONGC: West Bengal got integrated in ONGC’s oil and gas map with its eighth field at Ashoknagar in West Bengal beginning industrial production on Sunday. ONGC 1st extracted 20 kilolitres of crude oil from the Ashoknagar oilfields early November this year and had sent it to Indian Oil’s Haldia refinery for processing.
DHFL: The committee of creditors (CoC) of Dewan Housing Finance Corporation (DHFL) is most likely to meet once more this week to go over bids submitted by the suitors, sources close to the improvement told FE.
Reliance Home Finance: Six suitors, such as Kotak Special Situations Fund (KSSF) and Asset Reconstruction Company (India) Limited (ARCIL), have submitted bids for Reliance Home Finance, portion of Anil Ambani-promoted Reliance Group. Only two bidders submitted compliant and binding bids although 4 bids are non-binding and not compliant with bid circumstances, PTI quoted sources as saying.
Reliance Industries Ltd: RIL and its companion BP will get only $4.06 a unit for the new gas they have began to create from the eastern offshore KG-D6 field even although they have found a larger price in an open market place auction, PTI cited sources as saying.
IDBI Bank: IDBI Bank has raised Rs 1,435 crore via an challenge of equity shares to 44 certified institutional investors, according to a regulatory filing. The bank had targeted to raise Rs 2,000 crore (base size Rs 1,000 crore and green-shoe solution of Rs 1,000 crore) via the QIP challenge at a floor cost of Rs 40.63 apiece.
Canara Bank: Canara Bank on Saturday clarified that it has an exposure of Rs 678.28 crore in the account of M/s Transstroy India Ltd, reported as fraud to the RBI on February 10, 2020, exactly where one hundred per cent provision has been created in the account.