Domestic markets continue to trade weakly amid increasing cases of covid-19 across the world. On the charts, analysts said, the structure suggests higher sales, said Rohit Sigre, senior technical analyst at LKP Securities. “Nifty failed to get past the 17600 area and assisted with the reservation of profits, so in the future a major obstacle will also be the 17600 area and before that 17500 area immediate support is approaching the 17350 area. -17300 for the force index to have to cross decisively above the 17600 area, “he added. Volatility is expected to be high today due to the F&O expiration.
Trusted industries: Reliance Industries of billionaire Mukesh Ambani informed the exchange on Wednesday that it has decided to implement a scheme of arrangement to transfer the gasification company into a wholly-owned subsidiary. The company said the move allows RIL to assess unlocking the value of syngas, with a collaborative and lightweight approach.
Siemens: The company said its net profit fell 2.6% to Rs 321.6 crore in the July-September 2021 quarter, mainly due to higher costs for raw materials and logistics. Its consolidated net profit stood at Rs 330.2 crore in the quarter ended September 30, 2020, according to a swap document.
Coal India: Coal India Chairman Pramod Agrawal told investors on Wednesday that the company aims to invest Rs 40,000-50,000 crore as capital expenditure over the next 4-5 years. Coal India plans to spend Rs 17,000 crore on capital expenditures in the current fiscal year.
Dixon Technologies: The company has partnered with Taiwanese computer hardware company Acer to manufacture up to 5 lakh of Acer laptops per year. Dixon Technologies is one of the contract manufacturers who qualified for the PLI program for computer hardware.
JM Financial: The company launched Bondskart, a digital investment platform that provides investors with access to debt securities. Customers will be able to sell and buy debt securities online through the platform.
central bank: The lender informed the stock exchanges that he had no information on a privatization project. “There is no such negotiation / event at the Central Bank of India level,” the bank said.
Indian Overseas Bank: The bank said that it had not received any communication regarding the bank’s privatization from the DFS / Indian government and that it did not know the reasons for the sudden movement in the stock price.