According to analysts, primarily based on the every day charts, Nifty 50 index is heading for 13200/13300 levels in the close to term.
Nifty futures have been trading 16 points reduce at 13,135 on Singaporean Exchange, suggesting a gap-down opening for BSE Sensex and Nifty50 on Wednesday. The Reserve Bank of India’s monetary policy committee (MPC) will commence its two-day meeting these days and the resolution will be announced on December 4. The Rs 810-crore Burger King India initial public provide (IPO) will open for subscription these days. Investors will retain tabs on stock-distinct improvement, foreign fund flow, oil and rupee movement and other international cues. According to analysts, primarily based on the every day charts, Nifty 50 index is heading for 13200/13300 levels in the close to term.
Stocks in concentrate these days:
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Stocks in concentrate: Maruti Suzuki, Hero MotoCorp, Bajaj Auto, ICICI Lombard, Glenmark Pharma, bank stocks
Stocks in concentrate: RIL, Avas Financiers, Coal India, Mindtree, Indiabulls Housing Finance, IIFL Finance
Stocks in concentrate: RIL, MIDHANI, Bharti Airtel, PNB, Axis Bank, Lakshmi Vilas Bank, Infosys
Bank and economic stocks: RBI’s two-day monetary policy committee meeting will commence these days and will announce its selection on Friday. Analysts anticipate RBI to hold interest prices and sustain stance accommodative. Banks and economic stocks will stay in concentrate these days.
Tata Motors, Hero MotoCorp: Auto stocks will trade actively these days as sales numbers for November have began pouring in. Stocks such as Tata Motors, Hero MotoCorp, Eicher Motors will stay on investors’ radar these days.
Reliance Capital: Reliance Capital has defaulted on term loan payments to Housing Development Finance Corporation (HDFC) and Axis Bank for the tenth month in a row, as per stock exchange disclosures.
YES Bank: Yes Bank is in talks with the newly-founded So Hum Bharat Digital Payments for a 9.99% equity stake in a proposed new umbrella entity (NUE) for retail payments.
Vodafone notion: According to PTI report, telecom operator Vodafone Idea has raised the cost of pick postpaid plans by Rs 50 in the UP East circle. According to specifics accessible on the company’s web site, Vodafone Idea shoppers will have to spend Rs 649 per month for the postpaid strategy, which was priced at Rs 598 earlier, and Rs 799 as against Rs 749 charged earlier.
Dr. Reddy’s Laboratories: Dr. Reddy’s Laboratories and Russian Direct Investment Fund (RDIF) announced that they have commenced adaptive phase 2/3 clinical trials for Sputnik V vaccine in India immediately after getting the vital clearance from the Central Drugs Laboratory, Kasauli, India.