A gap down opening can be seen in the market today on weak global cues.
Market took a nose dive in the last session on the liquidity concern of financial companies.
Nifty has made a bearish engulfing pattern on the daily chart in the last session. 10320-10300 could be a support zone for Nifty50 today.
🎯 News & Impact 🎯
Result Today :
UltraTech Cement
Results Updates :
🎯 Reliance :
Profit rises 0.6 % to Rs.9,516 crore versus Rs. 9,459 crore.
Revenue increases 11.3 % to Rs.1.43 lakh crore versus Rs. 1.29 lakh crore.
GRM at $9.50 a barrel versus $10.50 a barrel QoQ.
🎯 ACC :
Consolidated net profit rises 15.2 % to Rs. 209.1 crore versus Rs.181.5 crore. Revenue increases 10.2 % to Rs.3,433.2 crore versus Rs. 3,116.5 crore YoY.
🎯 Hathway Cable / Den Networks
Reliance Industries to acquire 51.3 % stake in Hathway Cable for Rs.2,940 crore and 66 % stake in Den Networks for Rs. 2,290.
Positive for the stocks. 👍
🎯 Cadila Healthcare :
Zydus receives tentative approval from the U.S. FDA for Colchicine Tablets.
Positive for the stock. 👍
🎯 Jet Airways :
Tata Sons Ltd., the parent of Tata Group, is mulling acquiring stake in crisis-hit Jet Airways (India) Ltd.
Positive for the stock. 👍
🎯 Yes Bank :
Bank received a reaffirmation order from RBI a successor to Rana Kapoor.
Negative for the stock.
🎯 NTPC :
Company is said to plan buying stressed power assets.
🎯 Fortis Healthcare And Religare Enterprises :
SEBI directs Malvinder, Shivinder Singh, Religare Finvest Ltd. and seven others to repay Rs.403 crore to Fortis Healthcare Ltd. in three months.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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