SGX Nifty Indicates Positive Opening; IGL, Apollo Hospital to Report Today
Yesterday, Nifty opened to strong gains on vaccine news. It kept the momentum intact throughout the day and made higher highs and higher lows in the hourly chart to close above 12,600, holding solid g... Yesterday, Nifty opened to strong gains on vaccine news. It kept the momentum intact throughout the day and made higher highs and higher lows in the hourly chart to close above 12,600, holding solid gains. Volume was significantly higher than the previous day. Nifty is currently trading 6.0% and 8.7% above its 21- and 50-DMA, respectively. In the broader market, both Midcap and Smallcap failed to catch up with Nifty50 again. Midcap closed 0.3% higher, while Smallcap was down 0.1%. On the sectoral front, barring Nifty Pharma (-4.3%) and Nifty IT (-3.9%), all other sectors closed in the green. Financial stocks continued to rally ahead and advanced the most for the day. Nifty Bank, Financial Service, PSU Bank, and Pvt Bank advanced in the range of 3.5–4.1%. Market breadth remained in favor of decliners. FIIs were in a continuous buying spree. FIIs’ net buying was Rs 5,627 crore, while DIIs’ net selling was Rs 2,309 crore. Currently, we are in a Confirmed Uptrend and are open to adding new positions coming out of proper base formation. We will look for leadership among some good stocks to push the market up. On the flip side, tracking distribution days is crucial. Accumulation of distribution days can halt the uptrend. Key News Bata India reported Q2 FY21 results. Revenue came in ahead of estimates. It reported a loss of Rs 44 crore compared with a profit of Rs 71 crore in Q2 FY20. Margin contracted 2,060bps to 4.9%. HIL Limited reported Q2 FY21 results. Its roofing business revenue grew 27% y/y. The flooring business revenue grew 11% y/y. The company repaid Rs 170 crore of debt in H1 FY20. Tata Power reported Q2 FY21 results. PAT was up 9.6% y/y to Rs 371 crore, while revenue up 8% y/y at Rs 8,289 crore. EBITDA came in at 11.3% at Rs 2,001 crore. EBITDA margin came in at 24.1% compared with 29.4% y/y. 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, 65%; Rally Attempt, 5%; Uptrend Under Pressure, 25%; Downtrend, 5%. For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 75%; Rally Attempt, 0%; Uptrend Under Pressure, 25%; Downtrend, 0%. Buy watchlist: Cholamandalam Inv.& Fin., Dixon Technologies (India), Polyplex, Balaji Amines Limited, Alkyl Amines Chemicals, Subros, Berger Paints India, Polycab India, Voltas (Nse), Divis Laboratories (Nse) Vinati Organics, Ratnamani Metals & Tubes, Balrampur Chini Mls(Nse), Coromandel International, Tata Consumer Products, HIL Limited, and Whirlpool Of India (Nse) Check out MarketSmith India for more. Source: Free Articles from ArticlesFactory.com One stop solution for all your Stock Market needs. Get stock market tips and stock predictions all at one place. A proprietary tool by William O'Neil India following CANSLIM method of investing..
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The Covid-19 has caused the school and universities to shut down around the world creating a major issue in Learning and Education. As this virus spreads through the interaction and if social distanci... The Covid-19 has caused the school and universities to shut down around the world creating a major...
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.
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.
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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