Nifty futures fell 23 points to 16,540 on Singaporean Exchange, suggesting a unfavorable commence for BSE Sensex and Nifty 50 on Tuesday. In the absence of any big domestic occasion, Indian stock markets are likley to take cues from international markets. Investors will keenly watch COVID vaccination pace, crude oil rates and rupee movement against US dollar. “Nifty has once more formed a bullish candle at closing, with gaining intraday 33.95 points it managed to close at new record high levels, now going ahead 15500 will act as a psychological level for immediate support followed by 15475 -16425-16375 levels. Similarly on the upper side 16600 will act as resistance followed by 16675 levels,” Rahul Sharma, Co-Founder, Equity99, mentioned.
Stocks to watch
Zomato: Zomato has invested about $one hundred million in Grofers. Documents sourced from business enterprise intelligence platform Tofler showed that the Gurgaon-based meals delivery firm has infused about $70 million (Rs 518 crore) into Grofers India and one more $30 million (Rs 223 crore) in the e-grocer’s wholesale entity Hands On Trades.
Related News
-
Mutual fund homes bet on IPOs invest Rs 5,900 cr in Zomato, GR Infra, other public concerns in July
-
Devyani International, Windlas, Exxaro, Krsnaa listings, Coal India, Tata Steel, Vodafone Idea stocks in focus
-
Vodafone Idea Q1 loss narrows to Rs 7,319 crore
Vodafone Idea: Vodafone Idea (VIL) on Monday mentioned the Central government is nicely inside its powers to intervene in the matter of correction of arithmetical errors in the calculation of its AGR dues, if the Supreme Court dismisses its assessment petition.
HDFC Bank: HDFC Bank on Monday mentioned the bank plans to raise capital by extra tier- I (AT1) bonds in the overseas market place to fund its business enterprise development. The bank is anticipated to raise up to USD 1 billion from these dollar denominated bonds.
Exxaro Tiles: In NSE bulk bargains, Plutus Wealth Management LLP offloaded 2.57 lakh equity shares in the enterprise at Rs 127.67 per share, and Morgan Stanley Asia Singapore Pte sold 2.54 lakh equity shares at Rs 127.07 per share on the NSE.
Krsnaa Diagnostics: According to NSE bulk bargains information, Birla Sun Life Insurance Company acquired 2.3 lakh equity shares in the newly-listed enterprise at Rs 1,023.34 per share on the NSE.
Windlas Biotech: ICICI Trading Account offloaded 1.22 lakh equity shares in the newly-listed Windlas Biotech at Rs 417.62 per share on the NSE, as per the bulk bargains information.