Nifty and Sensex touched their life-time high at the opening bell but slipped thereafter. Immediate support level for Nifty may be placed at 9850 and 9800. Bank Nifty is trading at 23789 level, down by 99 points or 0.42%. Bank heavyweights, HDFC Bank, Yes Bank, ICICI Bank have been dragging down the Bank Nifty index. Immediate support for Bank Nifty may be placed at 23700 level. Housing Finance companies are also losing sheen on the bourses in line with the downfall of major indices in the market. Sahara Housing Finance tumbles to Rs 83.85 per share, down by 7.71%. IndusInd Bank down by nearly 5%. HUDCO has lost 3.53% to trade at Rs 94.3 per share. The S&P BSE Sensex is trading at 31902 down 135 points, while NSE Nifty is trading at 9850 down 41 points. A total of 41 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.
By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on whom the market will look.
Praj Industries / Bajaj Hindustan / Triveni Engineering / Balrampur Chini – Union Transport Minister Nitin Gadkari has offered UP Chief Minister Yogi Adityanath to run taxi and buses with ethanol. Sugar mills will provide ethanol.
Future Consumer / V-Mart / Avenue Supermart / Mirza International / Bata – The government is going to reform the second round on the FDI front. According to the exhaustive information given to CNBC-Voice, the Prime Minister is going to make a big meeting. It is possible to discuss the FDI rule in this meeting as easy as possible. It will discuss about 6 sectors, including retail, construction. Ministry of Industry will present the presentation in this meeting. Relief on multi-brand retail can be given in this meeting. Only 100% FDI exemption is possible on selling domestic product. Apart from this, 25% of non-food item discounts are possible in FDI Food Retail stores. At the same time, 100% FDI is possible with automatic route in single brand retail. At present, government approval is necessary for more than 49 per cent FDI.
HCC / Ahluwalia contracts / NBCC – The government is going to reform the second round on the FDI front. According to the exhaustive information given to CNBC-Voice, the Prime Minister is going to make a big meeting. It is possible to discuss the FDI rule in this meeting, and the rules of FDI in the construction sector may be easy.
Biocon – Biocon breast cancer drug has been approved by the US Advisory Committee. Now the US FDA will wait for the final approval of this drug soon.