Stocks to look out for tomorrow:20 APR 2017
Indian Benchmark Index, Nifty closed in green today and it discontinued it’s losing streak of last five days. Market opened positive in the morning and managed to make an intraday high in afternoon session and then again slided down and managed to hold the level of 9100. Now going forward 9170-9180 will act as a hurdle for nifty.
All indices closed in the green except Bankex, Healthcare and Oil & Gas. Bankex reduced 130 points, Healthcare and Oil & Gas also decreased 21 points and 36 points, respectively. Auto increased 152 points. Capital Goods rose 189 points and Consumer Durables rose 189 points. IT also increased 95 points. Mid-cap index increased 95 points and Small-cap also rose 170 points.
The trading for today showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 168 crore as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 8 crore yesterday as per provisional data.
Stocks to look out for tomorrow:
Reliance Defence and Engineering: Reliance Defence and Engineering has received lenders’ approval to exit CDR. The share price of the company will remain in the limelight on Friday.
HDFC Bank: HDFC Bank will declare its Q4FY17 results on Friday. The share price of the bank will be in focus on April 21.
National Aluminium Company: National Aluminium Company (NALCO) stake sale is fully subscribed. The share price of the bank will remain in the limelight on Friday.
Housing Development Infrastructure: Housing Development Infrastructure has launched ‘The Nest’ at Mulund, Mumbai, under the affordable housing brand Budget Homes, having 263 units open for sale in phase 1 of the project. The share price of the company will be watched on April 21.
Nestle India: Nestle India has launched ad campaign for MILO – Grow with Sports. It is a nourishment companion for kids to help them excel in sports. The share price of the company will remain in the limelight on Friday.
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