A positive opening expected today after strong closing in US markets yesterday.
A report saying Washington would pause further tariffs on Chinese imports, US markets gained for the first time in six days.
Nifty50 was successful to close above 10600 after an another volatile session yesterday. Now it should surpass 10660 level to achieve 10700 mark. Again 10540 and 10440 are the important support zones.
Banking (ICICI, Axis, SBI), Auto (Maruti), NBFC (Bajaj Finance) and OMCs (HPCL, BPCL, IOC) stocks may to trade higher on account of fall in G-Sec Yield, Oil price and USDINR.
Watch on Metal stocks – Copper, Zinc and Aluminum price has gained on LME - Positive for Hindalco, Vedanta. We are positive on Jindal Steel and JSW Steel as well.
🎯 News & Impact 🎯
🎯 Jet Airways :
Indian government is said to have asked the Tata Group to rescue Jet Airways.
🎯 SRF Industries :
Company extends capex estimates from Rs.180 crore to Rs. 257 crore for enhancement and integration of agrochemical plant in Gujarat.
🎯 Lemon Tree Hotels :
Company signs license agreement for a 76-room property in Odisha. The hotel will be operational by March 2020.
🎯 Greaves Cotton :
Company promoter Karun Carpets acquired 1.3 lakh shares from Nov. 13-14.
🎯 Aarti Industries :
Company promoter sold 1.3 lakh shares from Nov. 13-14.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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