Daily News For Indian Stock Market

24 jan2

-Indian markets are expected to trade in positive terrain along with Nifty which is expected to hover around 8900 levels. Tata Motors have decided to come up with the right issue (offering more equity shares to existing shareholders) in order to mop up (raise) Rs 7500 crores; current weakness in Tata Motors is artificial, it will gain support around 582-585 and is expected to bounce back. Bharti Airtel has announced to expand into six new circles in order to offer 4G services. Raymond is seeking to raise Rs 750 crores to expand its business. Biocon and other biotechnology based firms might see some uptick as Ministry of Science has supported the case of promoting biotech in India through smooth policies. COMEX Gold is weak below 1287 USD. Crude is still in weak trend.

-Today’s Q3 Results: Aban Offshore, Adani Ports, Ajanta Pharma, Bharat Gears, Emami Ltd, Havells India Ltd, Just Dial Ltd, Kalyani Forge, Pidilite Inds, Ranbaxy, Sintex Inds, Welspun Corp, Torrent Pharma.

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