BSE Sensex and Nifty 50 had been probably to open in the damaging territory on Tuesday, as recommended by trends in SGX Nifty in early trade. Nifty futures had been trading 23.50 points or .15 per cent down at 15,718 on Singaporean Exchange. In the prior session, Sensex plunged 1.10 per cent to 52,553 points whilst the NSE’s Nifty ended 1.07 per cent reduced at 15,752. Technical analysts mentioned that even though the Nifty survived at 15700, the closing level was not encouraging. In addition, the marketplace failed to close above the assistance levels of 20 days SMA and EMA that was about 15785 and 15765 levels respectively. “On Tuesday, the market must hold above the levels of 15600. On the dismissal of the same, the Nifty would fall to 15500 and 15450 levels. We need Nifty/Sensex to cross the levels of 15840 / 52850 levels for the bullishness in the market. Our advice is to buy in select stocks with a medium-term view,” Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, mentioned.
Stocks to watch
Reliance Infrastructure: RInfra on Monday mentioned it has raised Rs 550.56 crore by means of issuance of securities on preferential basis. Post allotment, the holding of the promoter group in Reliance Infra would improve to 22.06 per cent upon complete conversion of warrants, the organization mentioned in a statement.
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Bharti Airtel, Vodafone Idea: The Supreme Court on Monday mentioned it will pass orders on the plea of telecom operators — Bharti Airtel, Vodafone Idea, and Tata Teleservices — searching for rectification of arithmetical errors in the calculation of their adjusted gross income (AGR) dues, but reminded them that its earlier order on the matter has ruled out any recomputation of the dues.
Bajaj Finance, Asian Paints: ICICI Prudential Life Insurance Company, Bajaj Finance, Asian Paints, Syngene International, ICICI Securities, Crisil, DCM Shriram, Shyam Metalics and Energy, ITDC, Newgen Software and Jubilant Ingrevia are amongst the organization that will release April-June quarter earnings on July 20.
HCL Tech: HCL Technologies on Monday mentioned its founder Shiv Nadar will take on the function of Chairman Emeritus and Strategic Advisor to the company’s board. Nadar has tendered his resignation as the MD as effectively as the Director with impact from close of business enterprise hours on July 19, according to a regulatory filing. HCL Tech posted a 9.9 per cent rise in consolidated net profit to Rs 3,214 crore for the June 2021 quarter
Clean Science and Technology: The newly-listed Nomura India Investment Fund Mother Fund – The MTBJ AC Nomura India Investment Fund purchased 10 lakh equity shares of the organization at Rs 1,715.33 per share on the NSE.
GR Infraprojects: GR Infraprojects shares got listed at 105% premium more than IPO price tag on Monday. The Nomura Trust and Banking Co as The Trustee of Nomura India stock Mother Fund purchased 5 lakh equity shares of the organization at Rs 1,714.6 per share in bulk bargains on the NSE.
Just Dial: Following a controlling stake acquisition by RIL in Just Dial, Tree Line Asia Master Fund (Singapore) Ptd Ltd offloaded 8.85 lakh equity shares at Rs 1,041.15 per share on the NSE, and 9.01 lakh equity shares at Rs 1,025.06 per share on the BSE in the bulk bargains. Plutus Wealth Management LLP lapped up 9 lakh equity shares at Rs 1,022.13 per share on the BSE.