GIVE MISS CALL ON :- +91 99774 99927



The NSE benchmark Nifty started the session on a positive note; however, the uncertainty in the global markets and the non-stop fall in the Indian rupee weighed down heavily on the index. As the day progressed, the negativity reinforced and in the last leg of trading, sharp sell-off eventually took Nifty below its crucial 11,350 mark. The price action formed a sizeable bear candle carrying a lower high-low formation, indicating extended profit-booking. The index is hovering around its crucial support area as the level of 11,320 is 38.2 retracement level of its previous upmove from 11,557 to 11,760 and the 50-day SMA is placed around the level of 11,293. Hence, the zone of 11,290-11,320 would act as a key support zone for the Nifty and a follow through move below this zone may take the index towards the level of 11,225. On the upside, the level of 11,390, followed by 11,435, is likely to act as a barrier for the index.

SITI Networks: The company has announced that it will be introducing a range of set top boxes for delighting its customers. To begin with, the company has announced, “SITI Play Top”, its first hybrid set top box, which is a hybrid device that has YouTube and YouTube Kids in-built along with the benefits of SITI HD+ Digital Cable Television.

Alembic: Alembic’s board has given approval for demerging the identified real estate undertaking of the company into Shreno Limited. The demerger would consist of a premium residential real estate project of Alembic Ltd., interest in real estate business held through investment in Shreno Ltd. and project management consultancy business, services of which are provided by the company to Shreno Ltd.

Wipro: Wipro and Duck Creek Technologies have announced a relationship whereby Wipro will be able to offer a broad array of implementation services and related software and data solutions for its insurance industry customers around the world.

NTPC: The company has clarified that it is considering an investment approval for Talcher plant expansion. The details from the meeting to be disclosed are under the stages of finalisation.

Cipla: The South African Health Products Regulatory Authority (SAHPRA) has approved Cipla’s latest first-line triple-combination anti-retroviral (ARV) treatment for HIV. The new combination medicine commonly referred to as TLD, is a combination of tenofovir (TDF), lamivudine (3TC) and dolutegravir (DTG).

Sun Pharmaceutical: The company has clarified that the US FDA is conducting an inspection of Sun Pharmaceutical Industries Ltd.’s Mohali facility. The inspection started yesterday, September 10, 2018 and is ongoing.

Bharti Airtel: The company has confirmed that it has received demand notices towards penalties totaling a sum of Rs. 11 lakh in respect of six circles, namely, Maharashtra, Assam, West Bengal, Tamil Nadu, Kolkata and Gujarat for the quarter ending March 2018. These penalties are towards routine parameters such as accessibility of call centre, percentage of calls answered by the operators and metering and billing credibility.

Reliance Industries: Reliance Jio Infocomm Limited, a subsidiary of the company, has received communication from the Telecom Regulatory Authority of India regarding payment of financial disincentive of Rs 34 lakh for not meeting certain call centre service parameters. Reliance Jio will take necessary action after obtaining requisite clarification from TRAI.

Godrej Agrovet: The meeting of the board of directors of Godrej Agrovet Limited is scheduled to be held on Friday, September 14, 2018, to consider and approve the scheme of amalgamation of Astec LifeSciences Limited (a subsidiary of the Company) with the company and also to discuss on business strategies.

Redington: The board of directors of the company has been convened on September 17, 2018 to consider a proposal to buy-back the fully paid-up equity shares of the company.

Financial Advisory Company in IndoreStock Advisory Company in Indore , Equity Tips  , Free Trading Tips  , MCX Tips , sebi registered advisory company , Intraday stock tips , Free commodity tips 

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Leave a Reply


Ouch! There was a server error.
Retry »

Sending message...


CapitalStars FORUM