Nifty futures have been trading flat in the early trade at 14,236.50 on Singaporean Exchange on Wednesday. In the earlier session, BSE Sensex and Nifty 50 ended at all-time highs on the back of powerful obtaining witnessed in the broader markets as nicely as monetary and IT stocks. Markit Services PMI information for December is scheduled to be released later in the day today. According to the chartists, the brief-term trend in Nifty 50 index remains positive. “Though intraday profit booking is emerging from the new highs on daily basis, the strong buying is also witnessing on dips. The next Fibonacci projection resistance is at 14310 and the near term upside targets to be watched around 14600-14800 levels. Immediate support is placed at 14080,” mentioned Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Stocks in concentrate today:
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Stocks in concentrate today: HDFC, RIL, L&T, JSPL, Sun Pharma, Yes Bank, Adani Enterprises, Jubilant FoodWorks
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Jefferies sees Nifty50 at 15,800 by Dec’21, favors monetary, realty sectors verify prime stock picks
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Stocks in concentrate: Reliance Industries, Antony Waste Handling, BEML, Adani Green, RCF
HDFC Bank: HDFC Bank reported double-digit development in deposits and advances in the third quarter ended December 31. The bank’s deposit base improved to Rs 12.7 lakh crore, up 19.1 per cent on-year whilst 3.4 per cent sequentially.
HDFC: Housing Development Finance Corporation on Tuesday mentioned it is organizing to raise up to Rs 5,000 crore by issuing bonds on private placement basis to meet its enterprise needs. HDFC will situation secured redeemable non-convertible debentures (NCDs) on private placement basis with an situation size of Rs 2,000 crore and an alternative to retain more than-subscription of up to Rs 3,000 crore, according to a regulatory filing.
IndiGo: Budget carrier IndiGo will now be in a position to operate longer overseas routes with its 29 Airbus A320/A321neos, powered by modified P&W engines, having extended diversion time operations (EDTO) approval from aviation regulator DGCA, PTI cited a supply as saying.
IndusInd Bank: Private lender IndusInd Bank has registered a 3.2% quarter-on-quarter (q-o-q) development in the net advances in the December quarter, according to provisional information released by the bank on Tuesday. However, the loan development remained flat through the quarter on a year-on-year (y-o-y) basis.
Bajaj Finance: The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty of Rs 2.50 crore on Bajaj Finance for employing coercive solutions of recovery from its borrowers, and violation of common suggestions and 1 particular path issued by the regulator.
Tata Steel: Tata Steel has embarked on building a GreenPro framework, GreenPro Ecolabel, to manufacture steel rebars, a 1st of a sort initiative in India, that would assist the steel sector cut down the carbon foot print whilst manufacturing steel merchandise.