Markets activity turned laggard on Tuesday with cash market turnover declining to Rs 65,000 crores ahead of the uncertainty of the U.S. Government shutdown with Sensex sustaining below 50 DMA. The outlook for markets remains cautious after U.S. Indices traded below its major breakdown. For Nifty, crucial support is seen at 19,600 below which, we may see an immediate hit towards 18,800.
Sensex 30
Stocks To Watch
Positive Read through
- Adani Ports – Commences cash tender offer to buy back USD 195 mn 2024 senior notes
- SBI Card – Spends in August increase by 39.80 pct, cards in force up by 20 pct yoy
- REC, PNB – Signs MoU to co-finance infra project debts of Rs. 550 bn over 3 years
- Borosil Renewables – Tax demand notice of Rs. 19,525 mn quashes by Bombay High Court
- HCG – CVC said to Explore sale of controlling stake of 60.40 pct in company, BBG
- Ramkrishna – On 30 September board will meet to consider fund raise
- Century Text – Within 36 hours Birla Trimaya phase 1 sold out , booking value at Rs. 5,000 mn
- NDTV – Gets nod from government for 3 more news & current affairs channels in high definition
- 3i Infotech – Got Rs.400 mn worth of contract from Ujjivan SFB for end-user support service
- HLE Glasscoat – Via block promoters sell 3.70 pct stake in co via block, DSP micro-cap buyer
- Borosil Renewables – Tax demand notice of Rs. 19,525 mn quashes by Bombay High Court
Negative Read Through
- Vedanta – Moody Downgrades Corp family rating of Vedanta resources.
- Suzlon – Shareholders agreement terminated by Dilip Shanghvi and associate
- Pratap Snacks – At manufacturing unit in Banglore, authority conducts search and seizure
- Voltamp- At Rs. 4,633 per share promoter sells 12 pct stakes, Kotak mutual fund are buyers.
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