Indian equity markets may open
flat with a positive bias on Thursday, tracking subdued cues from Asian
peers. Following is the list of top stocks.
Reliance Industries: The company will import 1.6
million tonnes of ethane from the US in the current fiscal to replace
natural gas and naphtha as feedstock at its petrochemical plants,
reported a leading news agency. The pre-booking of JioPhone will start
for Rs 500 across its retail stores, the website and Jio App from 5 pm
Thursday, according to a message sent out by Reliance Jio.
Hindustan Copper: The company is
awaiting Cabinet Committee on Economic Affairs (CCEA) approval for
setting up a Rs 3,025 crore plant to manufacture copper cathodes using
advanced hydro metallurgy technology.
SPARC: The stock is likely to remain in focus ahead of its concall later in the day to provide an update on its R&D pipeline.
Metal stocks: Metal stock such as zinc and aluminium prices jumped to their highest levels in over 10 years. Copper is also hovering around its 3-year high.
Oricon Enterprises: The board of the company approved sale of its subsidiary Shinrai Auto Services to Madhuban Motors for a consideration of Rs 28.35 crore.
Nifty opened at 9,881 level, up by 29 points while Sensex opened at 31,673 level, up by 105 points.
Infosys was top Nifty gainer trading at Rs 907.05 per share, up by 1.6% while Dr Reddy’s was top Nifty loser trading at Rs 2,018 per share, down by 0.6%. There were 835 advances, 501 declines and 478 unchanged stocks on NSE reflecting strong positive undertone in the morning hour.
On the broader market, BSE Mid-cap index was trading at 15,152 level, up by 0.14% while BSE Small-cap index was trading at 15,612 level, up 0.24%.
Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.
The rupee opened at 64.03 per US Dollar on Thursday. It had closed at 64.11 a dollar on Wednesday.
Asian markets are showing mixed trend in early trade on Thursday.
SPARC: The stock is likely to remain in focus ahead of its concall later in the day to provide an update on its R&D pipeline.
Metal stocks: Metal stock such as zinc and aluminium prices jumped to their highest levels in over 10 years. Copper is also hovering around its 3-year high.
Oricon Enterprises: The board of the company approved sale of its subsidiary Shinrai Auto Services to Madhuban Motors for a consideration of Rs 28.35 crore.
Nifty opened at 9,881 level, up by 29 points while Sensex opened at 31,673 level, up by 105 points.
Infosys was top Nifty gainer trading at Rs 907.05 per share, up by 1.6% while Dr Reddy’s was top Nifty loser trading at Rs 2,018 per share, down by 0.6%. There were 835 advances, 501 declines and 478 unchanged stocks on NSE reflecting strong positive undertone in the morning hour.
On the broader market, BSE Mid-cap index was trading at 15,152 level, up by 0.14% while BSE Small-cap index was trading at 15,612 level, up 0.24%.
Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.
The rupee opened at 64.03 per US Dollar on Thursday. It had closed at 64.11 a dollar on Wednesday.
Asian markets are showing mixed trend in early trade on Thursday.
BUY VIPUL LTD ABOVE 98 TG 98.80, 99.80, 101 SL 97,
BUY BALRAMPUR CHINI FUTURE ABOVE 169 TG 169.75, 170.75, 172.25 SL 167.70,
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