Nifty futures plunged 160.15 points or .91 per cent to 17,451 on Singaporean Exchange, hinting at a heavy sell-off in BSE Sensex and Nifty 50. Chartists say a modest adverse candle was formed on the every day chart beside the modest positive candle of Wednesday. This pattern signal that the consolidation movement or weakness could extend for next session. The marketplace continued with choppy movement, but the broad marketplace showed a resilience. “Having moved below the immediate support of 17650 levels, there is a possibility of Nifty sliding down to the next support of 17475 levels amidst a range bound action in the next 1-2 sessions. There is a higher possibility of an emergence of buying interest from the lower levels. Immediate resistance is placed at 17750,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, mentioned.
Stocks to watch
Maruti Suzuki: Owing to a provide constraint of electronic elements due to the semiconductor shortage circumstance, Maruti Suzuki is expecting an adverse effect on car production in the month of October’21 in each Haryana and its contract manufacturing organization, Suzuki Motor Gujarat Private Limited (SMG) in Gujarat. Though the circumstance is very dynamic, it is at the moment estimated that the total car production volume across each areas could be about 60% of typical production.
Related News
-
Infosys, TCS might obtain more than 20% every, says Goldman Sachs cloud adoption, increasing tech commit to aid growth
-
Bharti Airtel, SAIL, Madras Fertilizers, Adani Gas, RIL, National Fertilizers, Future group stocks in focus
-
Vodafone Idea, BPCL, RBL Bank, Finolex Cables, Zee Entertainment Enterprises stocks in focus
Paras Defence and Space Technologies: Paras Defence and Space Technologies equity shares are scheduled to make their stock marketplace debut on Friday, 1 October 2021. The problem got 304.26 instances subscription for the duration of September 21-23.
TCS: Tata Consultancy Services mentioned that its board will announce the monetary final results for the quarter ending 30 September 2021 on 8 October. Along with that, the board might also declare its second interim dividend.
Sterling and Wilson Solar: The promoters of Sterling and Wilson Solar (SWSL), a Shapoorji Pallonji Group (SP Group) organization, have repaid outstanding loans of Rs 740 crore ahead of Thursday’s deadline. The promoters — Shapoorji Pallonji and Company and Khurshed Daruvala — have made the repayment of debt along with interest accrued till date.
RIL, ONGC: The Union government has raised the price tag of domestically made gas by 62% to $2.90 per million British thermal units (mmBtu) as reduce production amid greater demand elevated North American and European gas rates. The new rates will be efficient for six months beginning October 1.
Bank of India: State-owned Bank of India on Thursday mentioned it has raised Rs 1,800 crore by issuing Basel-III-compliant bonds. The bank raised Rs 1,800-crore Basel-III-compliant tier-II bonds on September 29 on a private placement basis, it mentioned in a statement