Trends on SGX Nifty recommended a positive opening for BSE Sensex and Nifty 50 on Tuesday, as Nifty futures surged in trade. Globally, market place participants have been eyeing issues from default of Chinese actual estate giant Evergrande. On the back of weak international cues, Indian share market place witnessed sell-off in the preceding session. On the technical front, the Nifty has confirmed the shooting star pattern on each day chart. “17320-17245 should be treated as key support area whereas 17580-17635 should be seen as resistance levels. First signal of weakness would come only if Nifty slides below its lower range of 17245,” Aprajita Saxena, Research Analyst, Trustline Securities, told TheSpuzz Online.
Stocks to watch
Vodafone Idea: The promoters of Vodafone Idea — Vodafone and Aditya Birla Group — are probably to look for selections wherein they could strengthen the company’s small business and competitiveness rather than bank on the government converting its dues into equity in the firm at the finish of the 4 year moratorium on AGR and spectrum payments.
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Tata Power: TP Saurya, a subsidiary of Tata Power, will construct a 250 megawatt (MW) project at the Dondaicha solar park in Maharashtra’s Dhule district, Tata Power mentioned on Monday. The firm has received a ‘letter of intent’ from the Maharashtra State Power Generation Company (Mahagenco), which has also conveyed consent to obtain the energy generated from the solar plant, Tata Power mentioned in a statement.
Nestle India: Nestle India is escalating the quantity of its females staff as element of its gender diversity efforts. Presently, about 23 per cent of Nestle India’s workforce are females, its Chairman and Managing Director Suresh Narayanan mentioned on Monday.
Cadila Healthcare, Zydus Healthcare: Cadila Healthcare on Monday mentioned its subsidiary has inked a pact with Integrace Pvt Ltd to sell two brands — Mifegest and Cytolog. Zydus Healthcare Ltd, a wholly-owned subsidiary of the firm, has inked the agreement with Integrace, a element of the portfolio corporations of private equity firm True North.
PNB: Punjab National Bank (PNB) collected practically Rs 170 crore by levying charges on shoppers for not preserving the needed minimum balance in their accounts in the course of 2020-21, according to RTI information and facts.
HCL Technologies: HCL Tech announced a 5-year, digital transformation deal with MKS Instruments Inc., a international provider of instruments, systems, subsystems and options for sophisticated manufacturing processes, to enhance functionality, productivity and speed to market place.