Market will open on a flat positive note today.
The Nifty 50 lost around 250 points from its recent swing high of 10,774 to move near 10,500 in last trading session. The index is expected to be volatile in the coming week ahead of the expiry of November F&O contracts due next Thursday, experts said, adding the 10450 could be crucial support level for bulls.
Oil prices are trading near $60 ahead of weak demand and struggling financial markets.
🎯 News & Impact 🎯
🎯 Drop in crude oil prices will be positive for IOC, HPCL, BPCL, Jet Airways, SpiceJet, InterGlobe Aviation, Shalimar Paints, Apollo Tyres, MRF, Ceat, Asian Paints, Nerolac Paints.
🎯 Adani Enterprises :
Company incorporated a wholly owned subsidiary namely, Mundra Copper Limited.
🎯 Esab India :
Board declared an interim dividend of Rs. 90 per share. (Yield > 10% at CMP)
Positive for the stock. 👍
🎯 Infosys :
EdgeVerve Systems, a product subsidiary of company, successfully implemented the ProximityPayEdge Digital Payments solution, to provide RCB Bank's customers with a digital wallet for secure contactless payments.
🎯 IL&FS :
Company is unable to pay short-term deposit including interest worth Rs 218 crore due November 22.
🎯 Cairn / Vedanta :
Income Tax Department recovers Rs. 5,500 crore by selling company's shares in Vedanta.
🎯 Shree rama multi tech :
Board decided to sell/ dispose of assets of Ambaliyara plant situated at Village Ambaliyara, Gujarat.
🎯 Virinchi :
Virinchi Hospitals commissions the first 'Out-reach Clinic' as a step towards pursuing its Hub & Spoke model.
🎯 GPT Infra :
Company bags order valued at Rs 81.50 crore.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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