Nifty finds strong support around 9,750 while 9,870 will act as resistance. There are 38 advances and 13 declines in Nifty50 index. Infosys downfall has been restricting the upside movement of the benchmark indices. Nifty Metal index is top gainer among the sectoral indices on NSE in morning hour. The index is trading at 3,437 level, up by 52 points or 1.55%. NMDC is top gainer in the index trading at Rs 123.85 per share, up by Rs 3.1 per share or 2.57%. SAIL was up by 2% at Rs 60.9 per share. Other metal stocks like Vedanta, Tata Steel, Hindalco, National Aluminium Company, Jindal Steel and Welspun Corporation are also trading in positive territory by more than 1%.
Intraday Tips for Today : 21st August Monday
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.
Indian Oil – Indian Oil gets 700 crore rupees per year from the Center for Paradip Refinery The Odisha government will provide an interest-free loan for 15 years from the financial year 2017. The Odisha government will also give tax rebate to the refinery.
IDBI Bank – IDBI Bank plans to sell shares in CCIL and SIDBI till September. Talks with buyers for selling shares in IDBI Bank’s CCIL and SIDBI are continuing.
HDFC – HDFC Standard Life has applied for an IPO. HDFC Standard Life will sell 14.97 percent of the IPO. HDFC’s 9.55 percent stake will be sold in the IPO segment, while Standard Life will sell 5.42 percent of the shares.
Reliance capital – Reliance Capital has applied for an IPO of AMC business.
Laurus lab – The US FDA has inspected the Visakhapatnam unit of Laura Lab. The US FDA has issued two objections to the Visakhapatnam unit. The US FDA has accused the data of disturbances.