Maruti Suzuki, India’s biggest vehicle manufacturer, created 1,50,221 autos in the month of November.
SGX Nifty was trading in the red on Monday morning and so have been main Asian peers, hinting at a damaging start off for Sensex and Nifty. On the charts, Nifty formed a lengthy bull candle and closed final week towards new highs. “The confusing weekly pattern of doji has been negated on Friday, as Nifty closed above the high of last week at 13145. This could be considered as a strength of an upside momentum post upside breakout of long term resistance of uptrend line,” mentioned Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He adds that Nifty faces resistance at 13,500 and help at 13,150.
Pfizer: The US-primarily based pharmaceutical firm became the initial corporation to apply for an emergency use authorisation in India for its covid-19 vaccine. The corporation has sought the Drugs Controller General of India (DCGI) nod immediately after the parent firm got clearance for use in the United Kingdom and Bahrain.
Reliance Industries Limited: Mukesh Amabani’s RIL will obtain Reliance Infratel Limited by means of its subsidiary Reliance Projects & Property Management Limited immediately after the Mumbai bench of NCLAT authorized its resolution strategy. According to reports, RIL will have to commit more than Rs 4,500 crore to take more than the firm.
Axis Bank: Private sector lender Axis Bank’s could quickly be raising its stake in Max Life Insurance. The CEO of the insurance coverage firm Prashant Tripathy mentioned that approval from the insurance coverage regulator really should come by means of inside the subsequent 3 months.
Maruti Suzuki: India’s biggest vehicle manufacturer created 1,50,221 autos in the month of November. This is an enhance from the 1,41,834 autos Maruti Suzuki had manufactured in the very same period final year. The firm reported an enhance in the production of each passenger autos and LCVs.
Tata Power: The corporation has been chosen as the prosperous bidder to personal the licence for the distribution and retail provide of electrical energy in Odisha’s 11 Circles. The annual income generated will be close to Rs 4,500 crore.
ONGC: The state-run firm’s subsidiary ONGC Videsh has created a considerable strike of oil in its onshore block CPO-5, Colombia, in Llanos Basin.