Flat negative opening expected today.
US market reported negative closing on Chinese economy slow down report. Asian markets trading in green territory after negative opening in the morning trade today.
Nifty50 plotted a hanging man type pattern on the daily chart on Friday. As mentioned on Friday, a continuous failure of Nifty50 to settle above 10600 mark shows an indication of exhaustion of current pull-up rally which contained almost 600 points. We can find out support around 10450 level.
A Rupee appreciation by nearly 50 paise against US$ was not welcomed by the market though. All eyes will be at IIP data and inflation figures which will be announced after market hours today.
🎯 News & Impact 🎯
Major Results Today :
Coal India, Eicher Motors
Results Updates :
🎯 TITAN :
Net profit growth at Rs.314.4 crore, up 2.9% YoY; operating margin falls to 10.6%
🎯 Wipro :
Wipro’s acquired entity Appirio launched a new office in Porto, Portugal to expand its European operations.
🎯 Premier Explosives :
Company received arm license from Arms License Issuance Authority for manufacture of ammunition, propellants and compounds at greenfield Katepally plant in Telangana.
🎯 Orient Press :
Company received an approval from Maharashtra Pollution Control Board to restart manufacturing at Tarapur plant.
🎯 ONGC :
Government plans to sell 149 fields of ONGC to private companies.
🎯 Biocon :
Company's Generic Formulations Facility in Bengaluru completes USFDA inspection with No 483 observations
🎯 Cipla :
Company receives final approval for generic version of Roche's Valcyte
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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