SGX Nifty Indicates Negative Opening; SBI, Lupin, and Pidilite Industries to Report Today
Yesterday, Nifty gapped up 65 points, taking cues from the global markets. After that, it traded in a narrow range and closed near the day’s high, holding solid gains. Volume was higher compared... Yesterday, Nifty gapped up 65 points, taking cues from the global markets. After that, it traded in a narrow range and closed near the day’s high, holding solid gains. Volume was higher compared with the last session. Nifty regained 21-DMA intraday but closed 0.05% below it. It is crucial for the index to decisively reclaim its 21-DMA and trade above that. On the sectoral front, barring Nifty Realty and Nifty Media, all other sectors closed in the green. Nifty Bank, Nifty Fin Service, and Nifty Pvt Bank continued to close higher in the range of 3.1–3.2%. Similarly, Nifty Metal, Pharma, and Auto closed higher in the range of 1.5–2.5%. Of 2,213 stocks traded, 995 advanced, 831 declined, and the rest remained unchanged. Looking forward, we would like Nifty to reclaim its 21-DMA. If it fails to reclaim the 21-DMA, 50-DMA can act as strong support. We will continue to monitor general conditions and the behaviour of leading stocks, looking for evidence that a real move is commencing. During this time, one should look for stocks with quality fundamentals, RS line trending higher, and breaking out from consolidation areas. Key News State Bank Of India, Lupin (Nse), Pidilite Industries(Nse), Adani Enterprises (Nse), and Balrampur Chini Mls(Nse) will report their Q2 FY21 results today. PVR reported Q2 FY21 results yesterday after market hours. Revenue from operations came in at Rs 40.4 crore compared with Rs 973.2 crore in the corresponding quarter last year. It reported a loss of Rs 184.1 crore compared with a profit of Rs 47.7 crore in Q2 FY21. Adani Gas reported Q2 FY21 results yesterday after market hours. Revenue dropped 12.3% y/y to Rs 441 crore. PAT increased by 13.3% to Rs 136 crore. O’Neil Market Condition Report For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 4%; Rally Attempt, 8%; Uptrend Under Pressure, 72%; Downtrend, 16%. For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 4%; Rally Attempt, 34%; Uptrend Under Pressure, 50%; Downtrend, 12%. Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio etc. Source: Free Articles from ArticlesFactory.com Marketsmith India, One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all at one place. A proprietary tool by William O'Neil India following the CANSLIM method of investing..
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Why its Important to Manage Your Holiday Calendars?
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Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.
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AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...
Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...
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