Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
☀️ MORNING UPDATES 🗞️
📗 LAST DAY'S SUMMARY 💯
The market extended its upward journey for yet another session on October 30, but will that northward move continue in coming sessions? Possibly yes, if the index decisively surpasses its hurdle of 19,250 - 19,300 area in coming sessions; otherwise the range bound trade may continue.The clearing and holding above this resistance of 19,250 - 19,300 can open doors for 19,500, the 50-day EMA (exponential moving average) given the Nifty50 made higher tops and higher bottoms for yet another session with bullish candle stick pattern on the daily timeframe. But if it fails to sustain above Friday's close, i.e. 19,050, then it may take support at the 18,900 - 18,800 range
NIFTY (19,140.90)
The key support levels for the Bank Nifty are placed at 19,000.40 followed by 18,850.30 . On the upside, key resistance levels are placed 18,250.40 & 19,300.70 up levels.
BANK NIFTY (43,039.15)
The key support levels for the Bank Nifty are placed at 42,850.40 followed by 42,500.30 . On the upside, key resistance levels are placed 43,300.40 and 43,500.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
TVS Motors : The two-and-three-wheeler company has recorded a standalone profit at Rs 536.55 crore for the quarter ended September FY24, rising 31.7 percent over a year-ago period. Revenue from operations increased by 12.8 percent YoY to Rs 8,145 crore during the quarter, with sales volume rising 5 percent YoY to 10.74 lakh units.
Tata Motors : The Tata Group company has won an arbitral award of Rs 766 crore plus interest to compensate for its investment in the now-scrapped Singur plant.
Bajaj Hindusthan Sugar : The UP-based sugar company has received Rs 1,361 crore in the respective escrow account maintained exclusively for cane price payment for each of its 14 sugar units from Uttar Pradesh Power Corporation. The said amount is paid to the cane growers towards the cane payment arrears for the sugar season 2022-23.
DLF : The real estate major has recorded a 30.6 percent on-year growth in consolidated profit at Rs 622.8 crore for the quarter ended September FY24, despite muted topline, partly supported by EBITDA margin. Consolidated revenue from operations increased by 3.5 percent year-on-year to Rs 1,347.7 crore for the quarter.
Marico : The FMCG major has registered a 17.3 percent on-year increase in consolidated profit at Rs 360 crore for the July-September period of FY24 despite a muted topline, driven by healthy EBITDA performance with lower input cost. Revenue from operations fell by 0.8 percent to Rs 2,476 crore compared to the year-ago period.
📊 RESULTS ON 31st OCT 💯
DCB Bank , Airtel , L&T , Gail , Tata Consumer Products , ATGL , Birla Soft , Rites , Navin Fluorine , Mankind Pharma , Indian Oil Corp .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors sold shares worth Rs 1,761.86 crore, while domestic institutional investors bought Rs 1,328.47 crore worth of stocks on October 30.
📗 LAST DAY'S SUMMARY 💯
The market extended its upward journey for yet another session on October 30, but will that northward move continue in coming sessions? Possibly yes, if the index decisively surpasses its hurdle of 19,250 - 19,300 area in coming sessions; otherwise the range bound trade may continue.The clearing and holding above this resistance of 19,250 - 19,300 can open doors for 19,500, the 50-day EMA (exponential moving average) given the Nifty50 made higher tops and higher bottoms for yet another session with bullish candle stick pattern on the daily timeframe. But if it fails to sustain above Friday's close, i.e. 19,050, then it may take support at the 18,900 - 18,800 range
NIFTY (19,140.90)
The key support levels for the Bank Nifty are placed at 19,000.40 followed by 18,850.30 . On the upside, key resistance levels are placed 18,250.40 & 19,300.70 up levels.
BANK NIFTY (43,039.15)
The key support levels for the Bank Nifty are placed at 42,850.40 followed by 42,500.30 . On the upside, key resistance levels are placed 43,300.40 and 43,500.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
TVS Motors : The two-and-three-wheeler company has recorded a standalone profit at Rs 536.55 crore for the quarter ended September FY24, rising 31.7 percent over a year-ago period. Revenue from operations increased by 12.8 percent YoY to Rs 8,145 crore during the quarter, with sales volume rising 5 percent YoY to 10.74 lakh units.
Tata Motors : The Tata Group company has won an arbitral award of Rs 766 crore plus interest to compensate for its investment in the now-scrapped Singur plant.
Bajaj Hindusthan Sugar : The UP-based sugar company has received Rs 1,361 crore in the respective escrow account maintained exclusively for cane price payment for each of its 14 sugar units from Uttar Pradesh Power Corporation. The said amount is paid to the cane growers towards the cane payment arrears for the sugar season 2022-23.
DLF : The real estate major has recorded a 30.6 percent on-year growth in consolidated profit at Rs 622.8 crore for the quarter ended September FY24, despite muted topline, partly supported by EBITDA margin. Consolidated revenue from operations increased by 3.5 percent year-on-year to Rs 1,347.7 crore for the quarter.
Marico : The FMCG major has registered a 17.3 percent on-year increase in consolidated profit at Rs 360 crore for the July-September period of FY24 despite a muted topline, driven by healthy EBITDA performance with lower input cost. Revenue from operations fell by 0.8 percent to Rs 2,476 crore compared to the year-ago period.
📊 RESULTS ON 31st OCT 💯
DCB Bank , Airtel , L&T , Gail , Tata Consumer Products , ATGL , Birla Soft , Rites , Navin Fluorine , Mankind Pharma , Indian Oil Corp .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors sold shares worth Rs 1,761.86 crore, while domestic institutional investors bought Rs 1,328.47 crore worth of stocks on October 30.
Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
☀️ MORNING UPDATES 🗞️
📗 LAST DAY'S SUMMARY 💯
The market corrected sharply after the gap-up opening and snapped a two-day winning streak on October 31. Given the unsustainability of the Nifty50 at the crucial resistance area of around 19,250 due to selling pressure along with negative crossover on the hourly charts, further downtrend can be possible up to 19,000-18,900 levels, but on the higher side, the decisive clearance of 19,250-19,300 area can open the door for 19,500-19,600 levels .The BSE Sensex dropped 238 points to 63,875, while the Nifty50 declined 61 points to 19,080 and formed long bearish candlestick pattern, which resembles Bearish Belt Hold kind of candlestick pattern on the daily charts, indicating the possibility of trend changing from bullish to bearish.
NIFTY (19,079.60)
The key support levels for the Bank Nifty are placed at 19,900.40 followed by 18,850.30 . On the upside, key resistance levels are placed 18,200.40 & 19,250.70 up levels.
BANK NIFTY (42,845.90)
The key support levels for the Bank Nifty are placed at 42,500.40 followed by 42,200.30 . On the upside, key resistance levels are placed 43,100.40 and 43,300.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
Larsen & Toubro: The infrastructure major has recorded a massive 45 % YoY Growth consolidated profit at Rs 3,223 crore for the quarter ended September FY24, with order inflow growing 72 percent YoY to Rs 89,153 crore. Consolidated revenue from operations grew by 19 percent YoY to Rs 51,024 crore for the quarter.
Bharti Airtel : The telecom operator has reported net profit at Rs 1,340.7 crore for July-September period of FY24, falling 16.9 % over previous quarter, with revenue from operations declining 1 percent QoQ to Rs 37,044 crore for the quarter.
Tata Consumer Products: The FMCG company has registered a 3.1 percent on-year growth in consolidated profit at Rs 338.2 crore for quarter ended September FY24, partly supported by higher other income. Revenue from operations grew by 11 percent to Rs 3,734 crore compared to the corresponding period last fiscal YoY and increased by 10 percent in constant currency.
Lupin : The pharma major has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Mandideep unit-2 manufacturing facility. The EIR was issued post the last inspection of the facility conducted during August 7 and August 11, 2023. The inspection closed with the facility receiving an inspection classification of 'no action indicated' (NAI).
📊 RESULTS ON 01st Nov 💯
Tata Steel , Hero Moto Corp , Ambuja Cements , Sun Pharma , Adani Wilmar , Plaza Wires , Indian Cements , Fino Payment Bank .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors sold shares worth Rs 696.02 crore, while domestic institutional investors bought Rs 340.25 crore worth of stocks on October 31.
📗 LAST DAY'S SUMMARY 💯
The market corrected sharply after the gap-up opening and snapped a two-day winning streak on October 31. Given the unsustainability of the Nifty50 at the crucial resistance area of around 19,250 due to selling pressure along with negative crossover on the hourly charts, further downtrend can be possible up to 19,000-18,900 levels, but on the higher side, the decisive clearance of 19,250-19,300 area can open the door for 19,500-19,600 levels .The BSE Sensex dropped 238 points to 63,875, while the Nifty50 declined 61 points to 19,080 and formed long bearish candlestick pattern, which resembles Bearish Belt Hold kind of candlestick pattern on the daily charts, indicating the possibility of trend changing from bullish to bearish.
NIFTY (19,079.60)
The key support levels for the Bank Nifty are placed at 19,900.40 followed by 18,850.30 . On the upside, key resistance levels are placed 18,200.40 & 19,250.70 up levels.
BANK NIFTY (42,845.90)
The key support levels for the Bank Nifty are placed at 42,500.40 followed by 42,200.30 . On the upside, key resistance levels are placed 43,100.40 and 43,300.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
Larsen & Toubro: The infrastructure major has recorded a massive 45 % YoY Growth consolidated profit at Rs 3,223 crore for the quarter ended September FY24, with order inflow growing 72 percent YoY to Rs 89,153 crore. Consolidated revenue from operations grew by 19 percent YoY to Rs 51,024 crore for the quarter.
Bharti Airtel : The telecom operator has reported net profit at Rs 1,340.7 crore for July-September period of FY24, falling 16.9 % over previous quarter, with revenue from operations declining 1 percent QoQ to Rs 37,044 crore for the quarter.
Tata Consumer Products: The FMCG company has registered a 3.1 percent on-year growth in consolidated profit at Rs 338.2 crore for quarter ended September FY24, partly supported by higher other income. Revenue from operations grew by 11 percent to Rs 3,734 crore compared to the corresponding period last fiscal YoY and increased by 10 percent in constant currency.
Lupin : The pharma major has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Mandideep unit-2 manufacturing facility. The EIR was issued post the last inspection of the facility conducted during August 7 and August 11, 2023. The inspection closed with the facility receiving an inspection classification of 'no action indicated' (NAI).
📊 RESULTS ON 01st Nov 💯
Tata Steel , Hero Moto Corp , Ambuja Cements , Sun Pharma , Adani Wilmar , Plaza Wires , Indian Cements , Fino Payment Bank .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors sold shares worth Rs 696.02 crore, while domestic institutional investors bought Rs 340.25 crore worth of stocks on October 31.
Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
☀️ MORNING UPDATES 🗞️
📗 LAST DAY'S SUMMARY 💯
Bulls were back after easing fears related to FOMC outcome, which turned out to be dovish commentary. Will the bulls' party continue in the coming sessions? Yes, said experts, provided the Nifty50 holds 19,100-19,000 levels in coming sessions, which can help the index move to the 19,200-19,300 area, the crucial resistance area. If the index manages to climb and sustain above the resistance for a few days, then 19,500 - 19,600 can be possible areas to watch. Till then, the index may remain in the range of 18,900-19,200 zone.
NIFTY (19,133.25)
The key support levels for the Bank Nifty are placed at 19,050.40 followed by 18,900.30 . On the upside, key resistance levels are placed 19,250.40 & 19,300.70 up levels.
BANK NIFTY (43,017.20)
The key support levels for the Bank Nifty are placed at 42,500.40 followed by 42,200.30 . On the upside, key resistance levels are placed 43,250.40 and 43,400.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
Tata Motors : The Tata Group company recorded consolidated net profit at Rs 3,764 crore for quarter ended September FY24, against loss of Rs 945 crore in corresponding period last fiscal, driven by healthy growth across segments. Revenue from operations grew by 32 percent YoY to Rs 1,05,128 crore in Q2FY24, with Jaguar Land Rover topline rising 30.4 percent YoY to $6857 million.
M&M Fin: For October, the company estimates overall disbursement at around Rs 5,250 crore, at a similar level as the previous year. The YTD October 2023 disbursements at Rs 30,700 crore, a growth of 16 percent YoY. The collection efficiency was at 94 percent for October against 91 percent in the same month last year.
Shilpa Medicare: The company has acquired Pilnova Pharma Inc in the United States which now will be a wholly-owned subsidiary, at par value of $1 per share. The transaction will be completed by November 15.
Container Corporation of India : The state-owned company registered a 21.3 percent on-year growth in consolidated profit at Rs 368.5 crore for July-September period of FY24, supported largely by other income and topline, but sharp increase in rail freight expenses limited profitability and impacted EBITDA margin. Consolidated revenue from operations grew by 10.5 percent YoY to Rs 2,195 crore for the quarter.
📊 RESULTS ON 03 rd Nov 💯
Titan , MRF , Zomato , JSW Infra , Indigo Paints , Aegis Logistics , AB Capital , IDFC , Godfrey Philips , SCI , Thermax, UCO Bank .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors offloaded shares worth Rs 1,261.19 crore, while domestic institutional investors bought Rs 1,380.15 crore worth of stocks on November 2.
📗 LAST DAY'S SUMMARY 💯
Bulls were back after easing fears related to FOMC outcome, which turned out to be dovish commentary. Will the bulls' party continue in the coming sessions? Yes, said experts, provided the Nifty50 holds 19,100-19,000 levels in coming sessions, which can help the index move to the 19,200-19,300 area, the crucial resistance area. If the index manages to climb and sustain above the resistance for a few days, then 19,500 - 19,600 can be possible areas to watch. Till then, the index may remain in the range of 18,900-19,200 zone.
NIFTY (19,133.25)
The key support levels for the Bank Nifty are placed at 19,050.40 followed by 18,900.30 . On the upside, key resistance levels are placed 19,250.40 & 19,300.70 up levels.
BANK NIFTY (43,017.20)
The key support levels for the Bank Nifty are placed at 42,500.40 followed by 42,200.30 . On the upside, key resistance levels are placed 43,250.40 and 43,400.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
Tata Motors : The Tata Group company recorded consolidated net profit at Rs 3,764 crore for quarter ended September FY24, against loss of Rs 945 crore in corresponding period last fiscal, driven by healthy growth across segments. Revenue from operations grew by 32 percent YoY to Rs 1,05,128 crore in Q2FY24, with Jaguar Land Rover topline rising 30.4 percent YoY to $6857 million.
M&M Fin: For October, the company estimates overall disbursement at around Rs 5,250 crore, at a similar level as the previous year. The YTD October 2023 disbursements at Rs 30,700 crore, a growth of 16 percent YoY. The collection efficiency was at 94 percent for October against 91 percent in the same month last year.
Shilpa Medicare: The company has acquired Pilnova Pharma Inc in the United States which now will be a wholly-owned subsidiary, at par value of $1 per share. The transaction will be completed by November 15.
Container Corporation of India : The state-owned company registered a 21.3 percent on-year growth in consolidated profit at Rs 368.5 crore for July-September period of FY24, supported largely by other income and topline, but sharp increase in rail freight expenses limited profitability and impacted EBITDA margin. Consolidated revenue from operations grew by 10.5 percent YoY to Rs 2,195 crore for the quarter.
📊 RESULTS ON 03 rd Nov 💯
Titan , MRF , Zomato , JSW Infra , Indigo Paints , Aegis Logistics , AB Capital , IDFC , Godfrey Philips , SCI , Thermax, UCO Bank .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors offloaded shares worth Rs 1,261.19 crore, while domestic institutional investors bought Rs 1,380.15 crore worth of stocks on November 2.
Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Good Morning🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
Namaste🙏
Assalamu alaikkum🙏
Sat Sri Akaal🙏
Kem Cho🙏
Shubo Sakal🙏
Subha Prabhata🙏
శుభోదయం🙏
ಶುಭೋದಯ🙏
శుభోదయం మిత్రులారా🙏
🙏HAVE A BLASTING DAY🙏
☀️ MORNING UPDATES 🗞️
📗 LAST DAY'S SUMMARY 💯
The market took a breather after a three-day run up and ended flat with a negative bias, but held above 19,400. Will it indicate rangebound trade or further upmove above 50-day EMA in coming days? The rangebound trade is likely to continue with 19,400 seeming to be acting as a crucial role for either side of trend. If the index holds the same, then it will surpass 19,450 (50-day EMA - exponential moving average) followed by hurdle at 19,500 - 19,600, whereas on the lower side, 19,300 will be immediate support for the Nifty50 .
NIFTY (19,406.70)
The key support levels for the Bank Nifty are placed is placed at 19,300.40 followed by 19,250.30 . On the upside, key resistance levels are placed 19,550.40 & 19,600.70 up levels.
BANK NIFTY (43,737.90)
The key support levels for the Bank Nifty are placed is placed at 43,300.40 followed by 42,850.30 . On the upside, key resistance levels are placed 43,850.40 and 44,150.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
SJVN : The state-owned entity has received a Letter of Intent for the purchase of 200 MW solar power from Uttarakhand Power Corporation (UPCL). UPCL intends to purchase 200 MW power at a tariff of Rs 2.57 per unit from company's 1,000 MW Bikaner solar project.
Apollo Tyres : The tyre manufacturing company has recorded consolidated profit at Rs 474.3 crore for quarter ended September FY24, rising 164.4 percent over a year-ago period on healthy financial performance after fall in input cost. Revenue from operations grew by 5.4 percent to Rs 6,280 crore compared to corresponding period last fiscal.
Cummins India : The Pune-based engine maker has registered a 30 percent on-year increase in standalone net profit at Rs 328.5 crore for July-September period of FY24 despite weak topline, driven by improved operating margin performance and higher other income. Standalone revenue from operations declined 2.6 percent YoY to Rs 1,900 crore during the quarter.
Power Grid : The state-owned power transmission company has reported a 3.6 percent year-on-year increase in consolidated profit at Rs 3,781.4 crore for quarter ended September FY24. Consolidated revenue from operations grew by 1 percent to Rs 11,267 crore compared to corresponding period of last fiscal.
Shree Cement : The cement manufacturing company has recorded standalone net profit at Rs 491 crore for the July-September period of FY24, growing 159 percent over a year-ago period, driven by healthy operating numbers and strong topline. Standalone revenue from operations increased by 21 percent YoY to Rs 4,585 crore with sale volumes increasing 10 percent YoY to 8.2 million tonnes.
📊 RESULTS ON 08th Nov 💯
Lupin, Tata Power Company, Oil India, 63 Moons Technologies, Bata India, BHEL, CESC, Mazagon Dock Shipbuilders, MCX India, MTAR Tech, Nazara Tech, The New India Assurance Company, Patanjali Foods, Power Finance Corporation, Pidilite Industries, PI Industries, Raymond .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors sold shares worth Rs 497.21 crore, while domestic institutional investors bought Rs 700.28 crore worth of stocks on November 7.
📗 LAST DAY'S SUMMARY 💯
The market took a breather after a three-day run up and ended flat with a negative bias, but held above 19,400. Will it indicate rangebound trade or further upmove above 50-day EMA in coming days? The rangebound trade is likely to continue with 19,400 seeming to be acting as a crucial role for either side of trend. If the index holds the same, then it will surpass 19,450 (50-day EMA - exponential moving average) followed by hurdle at 19,500 - 19,600, whereas on the lower side, 19,300 will be immediate support for the Nifty50 .
NIFTY (19,406.70)
The key support levels for the Bank Nifty are placed is placed at 19,300.40 followed by 19,250.30 . On the upside, key resistance levels are placed 19,550.40 & 19,600.70 up levels.
BANK NIFTY (43,737.90)
The key support levels for the Bank Nifty are placed is placed at 43,300.40 followed by 42,850.30 . On the upside, key resistance levels are placed 43,850.40 and 44,150.70 up levels.
STOCK RELATED NEWS FROM
LAST DAY
SJVN : The state-owned entity has received a Letter of Intent for the purchase of 200 MW solar power from Uttarakhand Power Corporation (UPCL). UPCL intends to purchase 200 MW power at a tariff of Rs 2.57 per unit from company's 1,000 MW Bikaner solar project.
Apollo Tyres : The tyre manufacturing company has recorded consolidated profit at Rs 474.3 crore for quarter ended September FY24, rising 164.4 percent over a year-ago period on healthy financial performance after fall in input cost. Revenue from operations grew by 5.4 percent to Rs 6,280 crore compared to corresponding period last fiscal.
Cummins India : The Pune-based engine maker has registered a 30 percent on-year increase in standalone net profit at Rs 328.5 crore for July-September period of FY24 despite weak topline, driven by improved operating margin performance and higher other income. Standalone revenue from operations declined 2.6 percent YoY to Rs 1,900 crore during the quarter.
Power Grid : The state-owned power transmission company has reported a 3.6 percent year-on-year increase in consolidated profit at Rs 3,781.4 crore for quarter ended September FY24. Consolidated revenue from operations grew by 1 percent to Rs 11,267 crore compared to corresponding period of last fiscal.
Shree Cement : The cement manufacturing company has recorded standalone net profit at Rs 491 crore for the July-September period of FY24, growing 159 percent over a year-ago period, driven by healthy operating numbers and strong topline. Standalone revenue from operations increased by 21 percent YoY to Rs 4,585 crore with sale volumes increasing 10 percent YoY to 8.2 million tonnes.
📊 RESULTS ON 08th Nov 💯
Lupin, Tata Power Company, Oil India, 63 Moons Technologies, Bata India, BHEL, CESC, Mazagon Dock Shipbuilders, MCX India, MTAR Tech, Nazara Tech, The New India Assurance Company, Patanjali Foods, Power Finance Corporation, Pidilite Industries, PI Industries, Raymond .
💰 FIIs & DIIs DEALS 💴
Foreign institutional investors sold shares worth Rs 497.21 crore, while domestic institutional investors bought Rs 700.28 crore worth of stocks on November 7.