Nifty futures had been trading 26 points or .16 per cent up at 16,365 on Singaporean Exchange, suggesting a positive start off for BSE Sensex and Nifty 50 on Friday. In the preceding session, BSE Sensex fell 163 points from to finish at 55,629, even right after hitting a new record higher of 56,118. While Nifty 50 index gave up 16,600 levels, in spite of surging to 16,701.85, a fresh all-time higher. “After a long time on daily charts, Nifty has formed a bearish candle and intraday charts are also indicating a further weakness from current levels. In the near future, the benchmark index may consolidate between 16420 to 16700 levels,” Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities, stated.
Stocks to watch
CarTrade Tech: CarTrade Tech IPO shares are all set for stock market place debut on 20 August 2021. CarTrade Tech’s IPO was subscribed 20.29 instances by investors. Analysts see up to 20 per cent listing achieve for CarTrade Tech today.
Related News
-
HDFC Bank, Reliance Naval, Vodafone Idea, Future Retail, Rate Gain Travel, Meghmani Finechem stocks in focus
-
Zomato, Windlas Biotech, Vodafone Idea, Exxaro Tiles, Krsnaa Diagnostics, HDFC Bank stocks in focus
-
Nifty heads to 16,600 target, Bank Nifty may possibly prime record-higher of 37,700 in coming months RIL, Titan top bets
Repco Home Finance: Repco Home Finance has registered a 49.8% decline in its net profit at Rs 32.1 crore for the very first quarter of FY22 as against Rs 64 crore in the corresponding quarter last fiscal. Total revenue of the Chennai-based business stood decrease at Rs 322.4 crore as against Rs 341.9 crore.
ONGC: To enhance recovery from its 43 generating fields across Gujarat, Assam, Tamil Nadu and Andhra Pradesh, state-run oil and gas producer ONGC on Thursday invited delivers in search of partners to improve production from its marginal nomination fields.
Dabur India: Home-grown FMCG big Dabur India is seeking at the future with “great optimism” but challenges from the pandemic are far from more than, its Vice Chairman Mohit Burman stated, adding the business is far better ready to deal with any eventuality.
Vodafone Idea: Vodafone Idea Ltd (VIL) on Thursday stated it has paid licence charge dues for the very first quarter of 2021-22. The comment came amid a report that the troubled telco — which is struggling to remain afloat — fell Rs 150 crore quick on payment of licence charge for the June quarter. “VIL has paid its licence fee dues for first quarter 2021-22,” a VIL spokesperson stated in response to an e-mail query by PTI.
Tata Steel: Private steel big Tata Steel will spend a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible personnel of all applicable division units of the business, a release stated.
Clean Science and Technology: Plutus Wealth Management LLP lapped up 5.75 lakh equity shares of the Clean Science and Technology at Rs 1,518.42 per share on the NSE.
Reliance Industries Ltd: RIL has taken shutdown of its manufacturing units at Nagothane, Maharashtra to assure reliability and integrity of operations. Product supplies to buyers will continue by way of accessible stocks and diverting from other manufacturing web-sites. Complex is anticipated to be back into regular operation from August 25, 2021