Another gap-down opening will be witnessed on the Dalal Street today because of international markets' meltdown.
US stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.
Nifty50 took the support at 10750 which is also a 200 DMA level but its interesting to see whether today it will sustain above the level or will it slide towards 10600 mark an another crucial support.
🎯 News & Impact 🎯
🎯 Results Today :
Muthoot Finance
🎯 Power Grid Corporation :
Company was declared a successful bidder under tariff based competitive pricing to establish transmission system for 2 X 660MW Thermal Power Project and construction of 400Kv substation with associated lines in Uttar Pradesh.
Positive for the stock. 👍
🎯 REC / PFC :
Cabinet will consider the proposal for PFC acquiring entire government holding in state-owned REC, which will fetch the government around Rs 15,000 crore (PTI).
Positive for REC.
🎯 GlaxoSmithKline :
Moody’s changed GlaxoSmithKline PLC outlook to negative from stable and its guaranteed subsidiaries.
Negative for the stock.
🎯 Adani Green Energy’s arm won a contract for 390 MW Wind-Solar Hybrid Auction at Rs.2.69 per KW-hour, said Sanjay Sharma, General Manager of Solar Energy Corporation of India. In the auctions for 840 MW worth of project the remaining tender was won by Softbank’s India JV for clean energy at a price of Rs 2.67 per KW-hour.
🎯 Lemon Tree Hotels :
Company opened a 201-room hotel property in Pune.
🎯 Trygyn Tech :
New York-based enterprise artificial intelligence startup WhizAI raises $1.1 million in seed funding led by Trigyn Technologies, Inc.
Edited by Sharp.
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