Market Live: SGX NIFTY is giving indications, Indian markets may start strong

08:52AM

THYROCARE। Nalanda India Fund sold the entire 7% stake.

08:42 AM

DR REDDYS। According to media reports, there may be a slight delay in the launch of Sputnik V. In fact, there may be a delay in the launch due to dependence on imports.

08:35 AM

TATA MOTORS। Tata Motors Chairman N Chandrasekaran has said that the company will strengthen its foothold in the electric vehicle segment and add 10 battery-powered electric vehicles to its product portfolio in less than 4 years.

In the 76th Annual Report of Shareholders, N Chandrasekaran further said that the share of electric vehicles in our product portfolio in India has more than doubled to 2 per cent this year. We expect to see this share grow manifold in the coming years. Tata Motors will be leading this transformation in India. By 2025, Tata Motors’ product portfolio will include 10 BEV vehicles.

08:25 AM

APOLLO TYRES। The company has set a target of doubling earnings by FY26. The target is to increase revenue from $2.3 billion to $5 billion by FY26.

08:18 AM

ADITYA BIRLA CAPITAL। SEBI has put AB Sun Life’s IPO on hold.

08:12 AM

strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its resistance zone is 15866-15910 and the larger resistance zone is 15951-15980. The base zone is 15760-15738 (10 DEMA) and the larger base zone is 15670-15650 (20 DEMA). Selling by FIIs is holding the momentum, the depth in the market is also very less. Now this consolidation will continue without any major triggers or consequences. Stay long, buy the downside as we have the 10, 20 DEMA zone. It is very important to stay above 15910-921 for a new uptrend. Don’t think of going short before breaking second base. Also buy the decline of first base.

08:03 AM

strategy on nifty bank

Virendra Kumar says that its resistance zone is 35560-35720. The major resistance zone is 35860-35940. The base zone is 35140-35040 (10 DEMA) and the larger base zone: 34940-35860 (20 DEAM). Nifty Bank did well yesterday but couldn’t get 35500-550 out. Now look at the banks, 35550 Most importantly, it is important to stick to it. So stay long, buy the downside even up to 35200-140.

07:55 AM

Today’s Trading Calls

GLOBE CAPITAL
BUY FEDERAL BANK @ 87.4 TGT 91 SL 85

IIFL SECURITIES
BUY BOB SL- 84 TGT -95

CENTRUM BROKING LTD
BUY HINDALCO SL – 374 TGT- 395

07:42 AM

STANDARD LIFE to sell HDFC LIFE shares

HDFC LIFE will sell STANDARD LIFE for about Rs 3000 crore through a 7 crore share block deal. This deal can be done at Rs 658-678 per share. deal

07:36 AM

NALCO’s Q4 Results Excellent

NALCO’s results in the fourth quarter have been excellent. Profits have increased more than 8 times and earnings have increased by 46% and margins have seen a jump of about 22%. Today the market will be waiting for the results of IRCTC.

07:29 AM

Crude softens, Brent below $ 75

Crude prices have softened ahead of the OPEC+ meeting on July 1. Brent has slipped below $75 on fears of easing supply cuts.

07:22 AM

Big booster to tourism sector

Action will be seen in hotels, airline companies. The tourism sector has also been given a booster dose in the relief package. Guaranteed loans have been announced for travel agents and guides. Visa free will be given till March 31 for 5 lakh tourists. An amount of 42,275 crore has been announced for Nutrient Based Subsidy for the agriculture sector.

07:16 AM

Another relief package during the Corona period

The news of CNBC Awaaz has been stamped. The Finance Minister announced another relief package. An additional allocation of 1.5 lakh crore will be made for emergency credit guarantee. The health sector has also been given a big booster.

07:10 AM

Record rise in US market, Asia weak

Global cues for the market are mixed. RECORD closing for the third consecutive day of S&P in the US. NASDAQ also made a new peak but Asian markets have had a weak start. SGX NIFTY is witnessing slight gains.

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