Markets ended on a flat note even after Nifty’s initial efforts to surpass 18200 while breadth remained negative with major pressure seen from the metal index. For Nifty, the crucial support is seen at 18034 below which, markets are expected to see major unwinding. Currently, MSCI India ETF has also thrown up diamond top pattern which has led to range bound activity and a breakdown is placed at 2% lower. Nifty expected to witness either 16500 or 19000 in coming days hence one needs to remain cautious.
U.S indices ended flat as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft. The Dow Jones Industrial Average fell 12.86 points, or 0.04 percent, to 36,087.45, the S&P 500 lost 0.05 point at 4,682.80 and the Nasdaq Composite dropped 7.11 points, or 0.04 percent, to 15,853.85.
Stocks in news
Escorts in focus- Board meet on 18th November To consider fund raising.
Macrotech Developers- Reports say Co raised Rs 40 bn via QIP, issue price was Rs 1184.7.
Phoenix Mills announces a new JV with CPPIB for office led mixed use development at Lower Parel.
Steel Cos in focus- Steel and Iron ore prices decline further, steel at 22 month low.
IRCTC- Passenger train fares likely to be cut by 15 pct.
Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 13,967 shares on November 12.
Cipla added to the Dow Jones Sustainability Emerging Market index for the first time.
Coforge to file for ADR listing. Baring PE one of the selling shareholders.
Power Mech Projects bags orders worth Rs 725.17 cr
Max Ventures to sell entire stake in packaging film biz for Rs 600-650 cr; to focus on real estate
HCC-KEC JV wins Rs 1,309 crore Chennai Metro order
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