Market will open on a positive note in continuation of yesterday's rally.
Yesterday, market gradually recouped losses in the second half and turned positive in last hour of trade to close the session above 10,900 levels on the Nifty. Thanks to crude oil prices, that fell 4 percent intraday, the rupee appreciated closing 111 paise higher at 70.44 a dollar.
US markets ended cautiously ahead of Fed meeting outcome.
🎯 News & Impact 🎯
🎯 The Reserve Bank of India announced plan to scale up liquidity infusion via purchase of government bonds.
🎯 Biocon :
Company says biosimilar Trastuzumab gets approval in European Union.
🎯 Welspun Enterprises :
Company divested 50 % stake Dewas Bhopal Road For Rs.184 crore.
🎯 Broadcasting companies :
TRAI sets maximum retail price of pay television channels that are offered by 42 broadcasters in the country to subscribers.
Positive for the sector.
🎯 J Kumar Infraprojects :
Joint venture received EPC orders worth Rs.1,349 crore from National Highways Authority of India for Delhi.
🎯 NTPC :
Company said that unit 6 of 500 MW capacity of Feroze Gandhi Unchahar Thermal Power Station had been restored and synchronized with the grid after boiler restoration.
🎯 Karnataka Bank :
Bank tied up with Paisabazaar.com to offer Bank’s home loan products to customers.
🎯 Fortis :
Yes Bank said that it sold 2.13 % stake in Fortis Healthcare.
🎯 Dr Reddy :
Gets Tentative US FDA Nod For Sapropterin Dihydrochloride.
Positive for the stock. 👍
🎯 Commercial Engineers :
Bags wagon order worth Rs.152.3 crore.
🎯 Glenmark :
Company announces entry into branded dermatology segment in USA.
Edited by Sharp.
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