Market struggled to sustain higher levels on Monday despite gap up opening and selling pressure was witnessed in most of midcap and small cap stocks while Nifty managed to end with marginal gains above 16250. The advance decline ratio deteriorated further to 1:2.5 while trading range of 16170-16350 remained intact. As market is witnessing weakness at higher levels, we can expect trend reversal confirmation below 16080 on closing basis and more unwinding is expected in Nifty Midcap 100 index on close of 1.7% lower. Results today-: Zomato, Coal India, Lupin, Power Grid,
US indices dipped as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financials stocks, keeping Wall Street’s benchmark index near record levels. The Dow Jones Industrial Average fell 107.91 points, or 0.31%, to 35,100.6, the S&P 500 lost 4.11 points, or 0.09%, to 4,432.41 and the Nasdaq Composite added 24.42 points, or 0.16%, to 14,860.18. Asian stocks on a weak footing as concern over the spread of Delta variant dented sentiment
Reliance industries kick off its green energy plans, announces a USD 50 m investment in Ambri Inc, a US based energy company.
Amara Raja Batteries to pick up 11.36 pct stake in Log 9 for Rs 37 Cr
DoT engages with banks to find solution to stress in telecom sector
Tech Mahindra to cut dependence on Indian talent base
JK Tyre expects economic revival, growth going ahead
Conversion of Vodafone Idea debt into equity an option: Banks to DoT
PM announces Rs 11,000 cr plan to make India self-sufficient in edible oil
IT firm Wipro appoints Jason Eichenholz as Global Partnerships Lead
CarTrade Tech IPO subscribed 41 pc on first day of offer
Aditya Birla Sun Life AMC gets Sebi’s go ahead to float IPO
Sebi mulls market makers to deepen corporate bond segment
Must Read: Why Higher Inflation Could Be India’s Next Big Worry Amid Worsening Covid Crisis
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