Markets gapped up above 18720 in Nifty futures and managed to reinforce breakout from consolidation zone. The immediate target from hereon is expected around 19194 in Nifty future which may be followed with sharp profit booking. With U.S Fed meet lined up today evening, we expect markets to take positive cues if interest rates hikes are paused and on a dovish commentary.
Key US data- FOMC today.
Nifty 50 Futures
Stocks to watch
Positive Read through
- Ramkrishna Forgings bags order worth 4.5 m euros from a European railway passenger coach manufacturer.
- Zydus Life- USFDA issues Nil observations for injectable manufacturing facility at Changodar
- Anupam Rasayan- LoI worth Rs 2186 cr with Japanese Speciality Chemical Company
- Zee Entertainment- Plutus Wealth Management buys 75 Lakh shares at Rs 191.4 a sh via block
- KEC Intl- bags order worth Rs 1373 cr across various segments
- Voda Idea- Co proposes an equity infusion of Rs 14000 cr as part of revival Pla
- Dhampur Sugar- completes expansion ofdistillery capacity of KLPD at Dhampur unit
- Capacite Infra- Societe Générale buys Lakh shares at Rs 190 a sh, Newquest Asian seller
Negative Read through
- Balkrishna Inds- Suspends operations at their Gujarat Plants due to cyclone Biprajoy
- Tata Chemicals- follows Nirma, cuts prices of domestic soda ash by Rs 2,300 a ton
- Fiem Inds- Fire occurred at one building of unit-7 Sonipat yesterday
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