Market may open on a flat note.
Yesterday, Nifty formed a Long Black Day on the daily chart and erased the gains of last four sessions and filled the gap zone between 10,383 and 10,367 which registered on 1st November.
Usually such a gap is expected to offer support on the downside. But a failure to do so may be an indication of strengthening downward momentum for the near term.
Major Results Today :
Ashok Leyland, Bharat Forge, OBC, IRB, Petronet.
Results Updates :
🎯 Jindal Saw :
Revenue down 1% at Rs. 1321cr
EBITDA up 6% at Rs. 218.6cr
🎯 News & Impact 🎯
Thinning Out The 28% Tax Slab On Agenda Of GST Council.
🎯 Mahindra Lifespace Developers :
Company to launch 2 industrial parks and invest close to Rs. 600cr
🎯 RCom :
Reliance Comm says Renegotiating tower business sale with all interested parties, including Brookfield Infrastructure.
🎯 Akzo Nobel :
Company to sell specialty chemicals business to an affiliate for Rs.320cr
🎯 Titagarh Wagons :
Titagarh Wagons plans to develop safety systems for Railways, forms JV with Italian company.
🎯 Idea, Reliance Industries :
50% ceiling on spectrum holdings in a band may go.
🎯 PNB :
Punjab National Bank to close or relocate up to 300 branches
🎯 NMDC :
NMDC mulls bidding for $9bn mine
🎯 DCM Sriram :
DCM Shriram to invest around Rs.500 crore in sugar business to increase overall capacity.
🎯 JSW Energy :
JSW Energy has successfully secured an order from Power Company of Karnataka Ltd (PCKL) for supply of 200 MW power on short term basis for the period from 8th November, 2017 to 31st May, 2018.
🎯 Axis Bank :
Axis Bank To Hold Board Meeting On Nov 10 To Consider Raising Capital.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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