A gap up opening expected after yesterday's fall as Asian stocks posted modest gains in early trade following an afternoon rally in the U.S. that erased most of the day’s losses.
Nervousness ahead of exit polls and results of five state elections, consistent global weakness and fall in INR valuation against US$ spooked markets yesterday.
Nifty50 has taken the support at 10600 which was very crucial as mentioned in yesterday's blog. Today market will trade on a cautious note ahead of exit poll outcome which will be flashing after market hours today.
🎯 News & Impact 🎯
🎯 HCL Technologies :
Company to buy select IBM software products for $1.8 billion.
🎯 Sonata Software :
Company plans to acquire Australia Headquartered.
🎯 Lupin :
Lupin’s Canada arm received an approval from Health Canada for Zaxine drug used for the treatment of irritable bowel syndrome.
🎯 Coal India :
Government sold 2.21% shares of Coal India. worth Rs 3,300 crore to Reliance Nippon Life Asset Management as the asset management company of the CPSE ETF mutual fund scheme.
🎯 Wipro :
Wipro’s digital business arm announced expanded global partnership with the U.S. based ‘Alfresco’ to offer open source digital solutions.
Edited by Sharp.
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