Strap: Stocks including Reliance Industries, Adani Ports, Wipro, Hindustan Aeronautics, JSW Infra, DMart, PNC Infra, Sanofi, GSFC and more will be the spotlight on Monday, October 14.
India Business News: Nakul Anand, an eminent hotel and travel industry professional, retired from his position as executive director of ITC. He joined ITC Hotels in 1978 a
A short build-up was seen in 50 stocks, including ICICI Prudential Life Insurance Company, Bank of Baroda, IndiaMART InterMESH, Balrampur Chini Mills, and Coforge.
Indian equity markets are likely to open gap-up on Wednesday. Nifty futures were trading 50.5 points, or 0.31 per cent higher at 16,110.50 on the Singapore Exchange traded, signaling that Dalal Street was headed for a positive start.
Markets expected to remain volatile amid worries about inflation and its impact on corporate earnings, while also fuelling concerns over aggressive US Fed rate hikes in the near term. However, stock specific action may continue as earnings season progresses.
Based on the open interest future percentage, here are the 105 stocks including JK Cement, Nippon Life India Asset Management, United Breweries, Cummins India, and Atul, in which a short build-up was seen.
Mindtree shares plunged 5 per cent to Rs 4,507.45 following Q3 numbers. Nomura India has maintained a 'neutral' stance on Mindtree with a target of Rs 4,744 as deal wins continue to stay sluggish. Growth was made up by small projects, it said adding that margin outperformance was the key highlight in Q3 results.
Read more about Stocks to Watch: Mindtree, HCL Tech, BPCL, Ujjivan SFB, HDFC Bk, Adani grp on Business Standard. HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.
HCL Tech, Tinplate Company, Onward Technologies, Swasti Vinayaka Synthetics, International Travel House and Gujarat Hotels are among the companies that will announce their December quarter results today.
Rajesh Palviya of Axis Securities advised that traders should trail stop-loss towards 18,100 levels for all long positions with an upside towards 18,300-18,400 levels.
Nifty futures were trading 38 points or 0.21 per cent higher at 18,442 on Singaporean Exchange on Monday, hinting at a gap-up start for BSE Sensex and Nifty 50