BSE Sensex and Nifty 50 have been set to open larger on the day of weekly F&O expiry, as indicated by trends on SGX Nifty. Analysts say that the brief term uptrend remains intact and the market place is now taking a breather ahead of displaying additional upside. “The overall chart pattern of daily and weekly indicate a possibility of range-bound action in the next 1-2 sessions before showing further upside. The crucial overhead hurdles are placed at 17625 and 17790 levels and immediate support is placed at 17445 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, stated.
Stocks to watch
Vodafone Idea: Vodafone Idea will quickly go for a fundraising exercising and the company’s co-promoters will have the selection and chance to participate in it, CEO and managing director Ravinder Takkar stated on Wednesday. He stated that the current telecom reforms unveiled by the government has addressed all investor issues and opened the doors for new investments. “The enthusiasm and interest to invest in the sector has increased with the government’s package,” Takkar stated.
Related News
-
Zee Entertainment, SBI Cards, Reliance Industries, Torrent Power, Infosys, Nucleus stocks in focus
-
Vodafone Idea, Tata Power, Nestle, Cadila Healthcare, Zydus Healthcare, PNB, HCL Tech stocks in focus
-
Zee Entertainment, Bharti Airtel, Ami Organics, Poonawalla Fincorp, banking stocks in focus
Zee Entertainment Enterprises: Zee Entertainment Enterprises (ZEEL) on Wednesday stated that its board has authorized a merger of the business with rival Sony Pictures Networks India (SPNI), a subsidiary of Japan’s Sony Corporation.
Dhanlaxmi Bank: Problems appear to be under no circumstances ending for Dhanlaxmi Bank, with significant shareholders, which includes NRI Ravi Pillai, engaging in conflict with the board of directors. A shareholder and two other individuals have approached the court against the board’s selection of rejecting their candidature for the workplace of director, to be placed ahead of members throughout the annual basic meeting scheduled for September 29.
Bharti Airtel: Bharti Airtel’s Rs 21,000 crore rights challenge will open on 5 October 2021. The business has fixed 28 September 2021 as the record date for rights entitlement in the challenge.
Infosys: Infosys announced a strategic collaboration with Amazon Web Services (AWS) to create quantum computing capabilities and use instances. Infosys will use Amazon Braket to discover and develop various use instances in quantum computing as aspect of Infosys Cobalt cloud offerings.
Bank of India: Bank of India is arranging to raise up to Rs 1,800 crore via Basel-III compliant Tier-II non-convertible debentures (NCDs), maturing in 10 years. The NCDs will have a base challenge of Rs 1,000 crore, with retain more than-subscription selection of Rs 800 crore. “Date of the bidding is not fixed yet, but the probable date is September 28 or 29,” an arranger close to the challenge stated.