Investment
Visor: The Indian market is expected to open flat on Friday tracking muted
trend seen in other Asian markets.
On the daily charts, Nifty50 crossed the important level of 7,200 but could not sustain above it and closed below this important resistance on Thursday.
"In the upcoming trading sessions it is expected to trade in a range between 7225 and 7050. If this level of 7040 is breached then we can expect a bearish movement till the next important support of 6960," said Vive ..
On the daily charts, Nifty50 crossed the important level of 7,200 but could not sustain above it and closed below this important resistance on Thursday.
"In the upcoming trading sessions it is expected to trade in a range between 7225 and 7050. If this level of 7040 is breached then we can expect a bearish movement till the next important support of 6960," said Vive ..
Here
is a list of top ten stocks that are likely to be in focus today: Stock Cash Tips
Cairn India Ltd: The subsidiary of UK- based Vedanta group, cannot be allowed to export excess crude from its Rajasthan oil field as it is a policy to ensure that there can be no export till domestic demand is met, government told the Delhi High Court today.
Jindal Steel and Power Ltd: Naveen Jindal-led Jindal Steel and Power LtdBSE 2.81 % (JSPL) is in talks with banks for various financing options including the RBI's 5/25 scheme.
PNB: As part of efforts to raise capital, Punjab National BankBSE 2.90 % is weighing the options of diluting stake in some of its subsidiaries and selling off real estate assets.
Cairn India Ltd: The subsidiary of UK- based Vedanta group, cannot be allowed to export excess crude from its Rajasthan oil field as it is a policy to ensure that there can be no export till domestic demand is met, government told the Delhi High Court today.
Jindal Steel and Power Ltd: Naveen Jindal-led Jindal Steel and Power LtdBSE 2.81 % (JSPL) is in talks with banks for various financing options including the RBI's 5/25 scheme.
PNB: As part of efforts to raise capital, Punjab National BankBSE 2.90 % is weighing the options of diluting stake in some of its subsidiaries and selling off real estate assets.
Fortis
Healthcare Ltd: Private equity funds Baring Asia, Capital
International and Bain Capital are in advanced talks to buy a controlling stake
in SRL Diagnostics, the country's largest diagnostic chain, owned by brothers
Malvinder and Shivinder Singh, said people familiar with the matter.
Tata
Global Beverages Ltd: After going slow on expansion of
Starbucks outlets owing to a host of reasons, including issues with FSSAI, Tata
Global BeveragesBSE 1.72 % plans to enhance the pace of increasing the network
of the coffee chain going forward.
Shriram
EPC Ltd: The company has bagged contracts worth over Rs 430
crore. Of this, it had received a road contract worth Rs 301.05 crore from the
State of Chhattisgarh for executing road works of 50 km under the NHDP-IV on
engineering, procurement and construction basis (EPC) to be completed over 24
months.
Gayatri Projects Ltd: The company has decided to invest in redeemable preference shares issued by Gayatri Hi-tech Hotels Limited in lieu of outstanding EPC receivables of Rs. 235 crore from the latter.
Jet Airways Ltd: The private carrier Jet AirwaysBSE 2.87 % will expand flight operations to Dubai from its Delhi and Mumbai hubs from next month.
Gayatri Projects Ltd: The company has decided to invest in redeemable preference shares issued by Gayatri Hi-tech Hotels Limited in lieu of outstanding EPC receivables of Rs. 235 crore from the latter.
Jet Airways Ltd: The private carrier Jet AirwaysBSE 2.87 % will expand flight operations to Dubai from its Delhi and Mumbai hubs from next month.
Canara
Bank: At a time when most PSU banks are expected to show lower
earnings and some may even show losses, Canara BankBSE 1.10 % expects its
fourth quarter profits would be better than its third quarter's.
Quick Heal Ltd: Shares of security software provider Quick Heal Technologies may remain under pressure after they made a poor debut on the Dalal Street. The stock ended with losses of 20.73 per cent at Rs 254.45 on the BSE.
JustDial Ltd: Goldman Sachs upgrade JustDial to neutral from sell, but they have slashed the target price to Rs 490 from Rs 640 earlier. They see limited downside as concerns around slowdown of growth and execution priced in.
Quick Heal Ltd: Shares of security software provider Quick Heal Technologies may remain under pressure after they made a poor debut on the Dalal Street. The stock ended with losses of 20.73 per cent at Rs 254.45 on the BSE.
JustDial Ltd: Goldman Sachs upgrade JustDial to neutral from sell, but they have slashed the target price to Rs 490 from Rs 640 earlier. They see limited downside as concerns around slowdown of growth and execution priced in.
Investment Visor
Daily Report:
F&O Outlook:
Nifty PCR-OI has increased to 0.84 from 0.81. Rise in the
ratio may be due to increase in PE of 6900 and decrease in CE of 7200. PE of
7100 and CE of 7200 are the highest number of contracts traded.
Opening for the Day:
Trading
of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty
could loose 16 points at the opening bell.
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