Markets witnessed volatile trade on Tuesday with Nifty drifting lower and later on recover in the last hour of trade to end in marginal positive terrain. The spread of Nifty 50-Nifty 500 Index has re-tested the support of bullish flag which may provide necessary cushion for Nifty 50 index to launch major rally towards 19285. For today’s trading session, 18750 in Nifty futures is seen as a major hurdle above which major short covering is expected till 18900.
Nifty 50 Daily & Spread with Nifty 500 Index
Stocks to watch
Positive Read through
- VA Tech Wabag bags huge order from CIDCO worth Rs 420 cr.
- HAL- India and US have an in-principle agreement in place, so that HAL and GE can co-produce jet engines in India.
- Coal India- Following to the OFS, FTSE has announced the increase in free float in Coal India. inflow of appx USD 18.5mn.
- Adani Grp stocks- BSE raises limit in 4 Adani Grp stocks
- ICICI Lombard- May premium up 21 pct, 2-month FY24 premium up 18 pct YoY
- Torrent Power- Signs MoU with Maharashtra Govt for 3 pumped storage 5,700 MW hydro projects
- Alembic- gets USFDA nod for hypertension treatment drug Nadolol
- GMR Airports- Arm divests 8.18 lakh sqft warehouse facility at Hyderabad airport for Rs 188 cr
- Engineers India- Bags order from JSPL and NALCO worth Rs 21 cr
- Bank of Maharashtra- announces closure of Rs 1000 cr QIP, LIC, AB Sun Life key participants
- Star Health- May premium up 16 pct, 2mFY24 premium rises 20 pct YoY
Negative Read through
- Gravita India- Promoter sells 1.8 pct equity at Rs 586 a sh via block deal
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 1499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it
