SGX Nifty indicates a gap-up opening today.
As mentioned, after breaching the resistance zone of 10600-10650, Nifty has inched towards 10700-10800 levels.
The Reserve Bank of India board discusses government demands to give up some surplus reserves and loosen liquidity norms for lenders today. Market participants will closely watch the outcome.
S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods.
🎯 News & Impact 🎯
Results Updates :
🎯 Siemens (Q4CY18, YoY) :
Revenue up 25.4 % at Rs.3,939.2 crore.
Net profit down 55.2 % at Rs.279.2 crore.
Margin at 10.6 % versus 10.01 %.
🎯 Dr. Reddy’s Laboratories :
Company received zero observations from audit of formulations plant in Andhra Pradesh by the U.S. FDA.
Positive for the stock. 👍
🎯 Power Grid Corporation’s :
Board approved increasing shareholding limit of foreign portfolio investors to 35 percent of the paid-up capital.
Positive for the stock. 👍
🎯 Infosys :
Infosys completed the formation of joint venture with Singapore based global investment company - Temasek.
🎯 BSE :
The Bombay Stock Exchange has decided to snap ties with S&P Dow Jones and plans to develop indices through its own in-house development team.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
No comments:
Post a Comment