Nifty futures had been ruling at 18,258, up 78 points or .43 per cent on Singaporean Exchange, hinting at a fresh record higher get started for BSE Sensex and Nifty. Markets may perhaps practical experience some volatility on account of weekly F&O expiry. Investors will take cues from oil costs, rupee movement against US dollar, Q2 earnings, and other worldwide cues. “We are of the view that the short-term chart formation is still into the long side but due to an overstretched intraday rally the bulls may take a caution stance between 18250-18275 levels. For day traders, 18100 would act as a key support level,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, stated.
Stocks to watch
HCL Technologies: BSE-listed firms such as HCL Technologies, Indiabulls Real Estate, Benares Hotels, Century Textiles, Cyient, Den Networks, Ganesh Housing Corporation, Inox Wind Energy, Mahindra CIE Automotive, Radhe Developers, Vikas EcoTech, and Vikas Lifecare will release their second quarter earnings on 14 October 2021.
Coal India: The government on Wednesday claimed that coal supplies had been enhancing, even as fuel stocks with thermal energy stations had been nonetheless hovering about abysmally low levels and hitting electrical energy supplies in quite a few components of the nation. Coal stocks at energy plants on Wednesday had been about 7.3 million tonne (MT), sufficient to meet just 4 days’ requirement.
Infosys: The country’s second-biggest computer software services exporter, Infosys on Wednesday beat Street estimates on all the fronts in its July-September earnings. The organization also raised its complete-year income guidance to 16.5-17.5% from 14-16% projected earlier on the back of continued powerful organization pace. The income guidance is greater than analysts’ expectations.
ZEEL: The fight in between Zee Entertainment Enterprises (ZEE) and its biggest shareholder, Invesco Developing Markets Fund, continues unabated. A day immediately after ZEE released a letter stating that Invesco had attempted to pressurise its CEO and managing director, Punit Goenka into a deal with entities of a massive Indian group, Invesco hit back saying that it was Goenka and the members of the promoter family who had negotiated a possible deal with Reliance Industries (RIL).
Mindtree: IT organization Mindtree on Wednesday posted a 57.2 per cent enhance in its net profit to Rs 398.9 crore in the September quarter. The organization had posted a net profit of Rs 253.7 crore in the corresponding quarter a year ago.
RIL: Reliance Industries on Wednesday stated it had couple of months back made a proposal for merger of its media properties with Zee but dropped the give more than variations more than stake of Zee founders.