Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 45 points or 0.4 percent. T
The Nifty50 is expected to start higher on Tuesday tracking positive trend seen in Asian markets and firm close on Wall Street overnight.
Trends on SGX Nifty, which gained 45 points or 0.4 percent, indicate a positive opening for the broader index in India. The Nifty futures were trading around 10,405-level on the Singapore Exchange.
US stocks ended higher on Monday as fears of a global trade war ebbed with investors betting that US President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminium imports, said a Reuters report.
The Dow Jones Industrial Average rose 336.7 points, or 1.37 percent, to 24,874.76, the S&P 500 gained 29.69 points, or 1.10 percent, to 2,720.94 and the Nasdaq Composite added 72.84 points, or 1 percent, to 7,330.71.
On the options front, maximum Put open interest is placed at 10400 followed by 10000 strikes while maximum Call open interest is at 10700 and 10500 strikes.
Meaningful Call writing was seen at 10400 followed by 10700 strikes which are restricting its upside while Put unwinding was seen at immediate strikes which is giving the scope for further declines.
HDFC approves the issue of 1.03cr shares at price of Rs 1825 in QIP
Sanghi Industries’ meeting on March 7 to approve the issue of non-convertible debentures
JP Associates - IndusInd Bank has transferred 6 crore shares of Jaypee Infratech held by the company which stood pledged in their favour
JSW Energy acquires JSW Electric Vehicles Pvt Ltd
Bharat Wire Ropes’ meeting on March 9 to raise funds via issue of securities through FPO, QIP, private placement, rights issue and other permissible mode
Arbitration court bars RCom from selling assets
Reliance Infra claims Rs 5,440 cr from Pipavav Def Founders
RBI Slaps Rs 3 crore penalty on Axis Bank
RBI fines IOB for violation of norms for Rs 20 Millions
RBI to infuse Rs 1 trn via special auctions
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Technical Recommendations:
Here’s what HDFC Securities recommends:
Tech Mahindra Ltd: BUY| Target Rs. 675 | Stop-loss Rs 600 | Return 7%
Chambal Fertilisers: BUY| Target Rs. 177 | Stop-loss Rs 155 | Return 7%
Hindalco: SELL| Target Rs. 215 | Stop-loss Rs 238 | Return 6%
