SOLAR IND। 1471 crore order has been received from Coal India. Order has been received for supply of explosives for next 2 years. On the other hand, GLAND PHARMA has received approval from USFDA for Sugammadex Injection.
Petrol Diesel Price Today: Petrol and diesel prices have increased on the first day of the week as well. The rate of petrol in Delhi has crossed Rs 104. Diesel has also crossed Rs 100 in many cities. Oil companies have increased the prices of both diesel and petrol today. The price of diesel has increased by 35 paise. Petrol prices have also increased by 37 paise. In Delhi today petrol is being sold at Rs 104.44 per liter and diesel at Rs 93.18 per liter.
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its resistance zone is visible at 17749-17981. The major resistance zone is at 18021-18054. The base zone is visible at 17806-17741 and the larger base zone at 17623-17590. On Friday, there was sluggishness on the part of institutional investors. Weekend factor, but the set up is strong. Initially there will be reaction on TCS and RELIANCE. The focus was on staying long and carrying in the last session. Stay long today and buy on every decline above 17806-741. There is maximum open interest on the put of 17800-700. 17881-18021 is important from the point of view of the supply zone.
strategy on nifty bank
Virendra Kumar on Nifty Bank says that its resistance zone is 38117-38230 and the big resistance zone is 38390-38560. The base zone is 37610-37490. The larger base zone is 37410-37344. Keep focus on public sector banks with AIR India deal. Remember 38000-38100 is the supply zone. Can go long in the range of 37500-37700. The second base zone can be long by keeping it SL. Call writers are firm at 38000 level. One can book long at 38000-38100 level. Breakout will be confirmed only above 38100. Big deals are done only after staying above 38100.
Aditya Birla Sun Life AMC Listing Today
Aditya Birla Sun Life AMC will be listed today. The IPO was full five and a half times. Its issue price is Rs 712.
TCS results weaker than expected
TCS results have been weaker than expected. There was a jump of about 3 percent in dollar revenue and 7 percent in profit. In the last two quarters, there has been a slowdown in the pace of deals.
BANDHAN BK Q2 Update: 24% jump in deposits
In the second quarter, there has been an increase of 24 percent in deposits of Bandhan Bank and more than 6 percent in ADVANCES. The collection capacity has also improved to 90%. On the other hand, Q2 deposits of EQUITAS SMALL FINANCE BANK have seen a growth of 40%.
RNESL to buy 40% stake in STERLING-WILSON
It will also buy a 40% stake in Sterling-Wilson for the new energy platform. RNESL is a subsidiary of RIL. The company has bought 15.45% stake through preferential allotment at a price of Rs 375. Apart from the open offer, the share will also be bought from the promoter.
RELIANCE’S BIG INVESTMENT IN GREEN ENERGY
RELIANCE has made huge investments in green energy. Has bought the world’s largest solar cell manufacturer REC Solar Holdings for over $77 million. RIL Chairman Mukesh Ambani said that the acquisition will give the right direction to the growth. The target is to achieve 100 GW of clean energy in this decade.
Global cues mixed for the market
Global cues look mixed on the first day of the week. NIKKEI in Asia has risen by more than 1%. SGX NIFTY and DOW FUTURES are seeing light pressure. On Friday, US markets closed on a decline after weaker-than-expected job data.
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