BSE Sensex and Nifty 50 are most likely to see a gap-down commence on Tuesday, as recommended by trends on SGX Nifty in early trade. Nifty futures had been trading 19 points or .13 per cent down at 14,477 on Singaporean Exchange. In the prior session, headline indices hit record highs in anticipation of robust quarterly earnings and the optimism about the Union Budget 2021. The India VIX, the worry gauge of the market place, ended at a 20-day higher on Monday. Technical analysts see the brief term trend of Nifty 50 index to be positive. “There is a possibility of some more upmove or range movement for the next 3-4 sessions, before showing sharp one day of decline from the new highs. The next upside levels to be watched at 14600-14800. Immediate support is placed at 14380,” mentioned Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Stocks in concentrate today:
Fortis Healthcare: Rakesh Jhunjhunwala purchased 50 lakh shares of Fortis Healthcare at Rs 179.40 apiece. While Rare Enterprises sold 50 lakh shares of Fortis Healthcare at Rs 179.40 apiece via bulk deal on BSE.
Burger King India: Chetan Rasikal Shah purchased 22.80 lakh shares at Rs 150.16 apiece and sold 12.57 lakh shares at Rs 150.15 per share of Burger King India. While Eastspring Investments India Consumer Equity Open Ltd sold 27.55 lakh shares at Rs 154.92 apiece of the firm through bulk deal on National Stock Exchange on Monday.
Adani Green Energy: Adani Solar Energy Chitrakoot One Limited, a step down subsidiary of Adani Green Energy Limited has commissioned 25 MW solar energy plant. This plant has a Power Purchase Agreement (PPA) with Noida Power Company Limited at Rs. 3.08/KWh.
GAIL India: GAIL (India) Ltd will think about buyback of shares with a view to returning surplus money to shareholders on Friday. The firm infprmed its board will meet on January 15 to think about share buyback as also payment of interim dividend for the fiscal year ending March 2021.
Reliance Industries Ltd: Amazon on Monday urged the division bench of the Delhi High Court to set aside “certain prima facie observations” in the single bench’s December 21 order that permitted Future Group to go ahead with its deal with Reliance Retail in accordance with Indian laws.
Bharat Heavy Electricals Limited: BHEL on Monday mentioned it has bagged an order worth Rs 450 crore for a steam and energy plant from National Aluminium Corporation Limited (NALCO). The Rs 450 crore order has been placed on BHEL by NALCO for its 5th Stream Alumina Refinery Expansion Project at Damanjodi, Odisha.
Bharti Airtel: Bharti Airtel and National Small Industries Corporation (NSIC) have teamed up to drive the digital transformation of Micro, Small, and Medium Enterprises (MSMEs) in India. The alliance with NSIC would give it a a great deal deeper distribution attain in this space.