Stocks in Focus Today: Compensating for the losses in the last few trading sessions, a trading day ago, the domestic equity benchmark indices Sensex and Nifty 50 had a spectacular rise. However, a mixed trend is seen on the chart for the coming trading days. According to Nagraj Shetty, Technical Research Analyst, HDFC Securities, the current rally is for the short term and the market may see selling pressure in the near term. According to Shetty, Nifty is facing resistance at the level of 17550-17600 in the near term. On the other hand, according to Rahul Sharma, Director and Head-Research, JM Financial, Nifty is facing tough resistance at the level of 17250 and it is getting support at the level of 16920 and 17 thousand. During trading today, the focus will be on stocks like Spice Jet, Reliance, Paytm, Hindustan Zinc, Vedanta, SBI and Axis Bank.
Live updates related to stock market
Spicejet
The Madras High Court has ordered low-cost airline SpiceJet to cease business and asked the official liquidator to take over the assets of the airline. The order pertains to non-payment of dues of $24.01 million (Rs 180.98 crore) to Swiss stock corporation Credit Suisse AG.
Reliance Industries
Mukesh Ambani-owned Reliance Industries will launch joint ventures with Abu Dhabi Chemicals Derivatives Company RSC Limited (TA’ZIZ). This joint venture will build and operate production facilities for Chlor-Alkly, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC). More than $ 200 million (Rs 15071.10 crore) will be invested in this project.
Jhunjhunwala Portfolio: This share of Rakesh Jhunjhunwala’s portfolio can give huge profits, know when to buy and when to sell
Paytm (One 97 Communication)
Recently listed on the exchange Paytm has opened an investment office in Ahmedabad on Tuesday. This office has been opened by Paytm Money, the subsidiary of Paytm. This is Paytm Money’s first investment office outside Delhi. Its main target is High Net-worth Individuals (HNIs).
State Bank of India, Axis Bank
SBI and Axis Bank have invited bids for their respective NPAs (Non-Performing Asset), in the last few months, banks have invited bids for bad assets from Asset Reconstruction Companies (ARCs). These bids were called for such assets which are not settled through the National ARC or the insolvency route.
ITR Filing: Dividend income will have to be given on quarterly basis, it is necessary to understand the new rules to avoid wrong ITR filing
Hindustan Zinc
Hindustan Zinc informed the stock exchanges on Tuesday that the Board of Directors has approved an interim dividend of Rs 7605 crore at the rate of Rs 18 per share.
Vedanta
Hindustan Zinc, a subsidiary of Anil Agarwal’s company Vedanta, has approved an interim dividend of Rs 7605 crore.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.