Markets remained under pressure on Tuesday with Nifty regaining above key the support of 17312 after initial gap down opening. With USDINR crossing above 76 in international market, the selling in equity market is likely to accelerate further. Expect major breakdown and spike in volatility if Nifty closes below 17312 for a potential target of 16% lower.
Stocks in news
ITC management discussed taxation on cigarette business, demerger plans and the strategy for the FMCG business going ahead in its first-ever investor meet on December 14.
Paytm- Anchor lock-in opens today
Reliance Inds- Reports indicate Armco exploring investments with some financial investors
Deepak Nitrite to mull fund raising on Dec 22 via equity and other securities
Infosys acquires Singtel’s delivery centre in Malaysia for USD 6 mn.
Anupam Rasayan has signed long term binding contract worth Rs 135 crore with Japanese multinational for supplying an existing life science-related speciality chemical
NLC India- The payment of principal amount of Rs 500 crore has been made on December 14 with respect to Commercial Paper.
Mold-Tek Packaging launched QIP issue on December 14 and approved the floor price of Rs 722.40 per equity share for the QIP.
Sugar stocks in focus- India to appeal WTO findings that cane subsidies are inconsistent with agri agreements.
SBI plans to sell 6% in SBI Funds via IPO issue
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning without any cost on: http://bit.ly/Robo-Fintoo
Disclaimer: The views shared in blogs are based on personal opinion and does not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.
- Daily Market Analysis 228
- Equity Investments 14
- Estate Planning 1
- Financial Advice 66
- Financial Planning 48
- Friday First Cut 45
- Income Tax 34
- Insurance 38
- Investment Advice 16
- Investment Planning 1
- IPO & NFO 34
- Loan 6
- Mutual Fund 21
- Mutual Funds 67
- Personal Finance 9
- Research 13
- Retirement Planning 7
- Tax Advice 53
- Tax Planning 10