Market will open on a positive note as opening indicator SGX Nifty is trading up by 38 points.
Nifty failed to sustain above 11000 mark on the September month derivative contracts' expiry day and could not breach the descending trend on the daily chart. Nifty50 should close above 11090 to breach that short-term down trend. 11150 will be the resistance thereafter.
🎯 News & Impact 🎯
🎯 JSW Steel :
JSW Steel replacing Lupin in the benchmark NSE Nifty 50 Index today.
🎯 Indian Energy Exchange :
Stock split record date 22 Oct.
🎯 GAIL & GSPL :
PNGRB revises pipeline tariffs for GAIL (India) Ltd. and Gujarat State Petronet Ltd. effective from April 1. The hike in tariffs is expected to lift earnings by 6-19 percent for both the companies.
Positive for the stock. 👍
🎯 Kesoram Industries :
Company received approval from the Karnataka government for acquisition of 675 acres of land for mining activities.
Positive for the stock. 👍
🎯 Cochin Shipyard :
Company and the Andaman & Nicobar Administration have entered into an MoU whereby company shall take up the operation & maintenance of the Marine Dry-Dock at Port Blair.
🎯 IL&FS Financial Services :
Company defaulted on 7 repayments between September 12 & 27. 👎🏻
🎯 Time Technoplast :
promoter have sold 1.1% stake of company. 👎🏻
🎯 DB Realty :
Company to increase its stake in Neelkamal Realtors Tower Pvt. Ltd.
🎯 Karnataka Bank :
Bank launched QR coded two-wheeler insurance product in association with Bajaj Allianz General Insurance.
🎯 Redington :
Buyback 1.1 crore shares representing 2.78 % of the total number of equity shares at a price of Rs.125 per share.
🎯 Astec Lifesciences :
Company announced that the start of the commercial operations of its manufacturing plant in Maharashtra.
🎯 Rolta :
Central Bank invoked pledge on the shares of Rolta India’s arm.
🎯 Eimco Elecon :
Company has entered into a Technology & License Agreement with CZM USA Corp, USA for design, manufacture and sale of drilling rigs, generally used in construction sector.
🎯 Accel Frontline :
Name change to Inspirisys Solutions Limited.
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