Phoenix Mills, Parag Milk Foods among top buy ideas for this week: Anand James
This meant that while Nifty showed no vigor to push beyond 18660, thus leading to a turn lower, but bargain buying emerged as soon as dips turned substantial enough, thus avoiding major falls as well.
Stocks in the news: Coal India, Oil companies, telcos, auto manufactures and ZEEL
Telecom companies will be at the focus as Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra high-speed internet on mobile phones.
Parag Milk Foods raises Rs 131 crore via preferential allotment
"The current proceeds of preferential shares and warrants would be utilised to fund our long-term capital requirements and to enhance the working capital needs," Parag Milk Foods chairman Devendra Shah said.This will aid in further strengthening the company's balance sheet and drive the company for accelerated growth ahead, he said.
Vegan health-wellness brand Fitspire to expand into non-metros, also enter international markets
Founded in 2020 by IIM Lucknow alumnus Vipen Jain, along with co-founders Nidhi Jain and Hinah Sawhney, Fitspire provides health and wellness products in the vegan nutritional segment catering to sports nutrition, general health wellness, and personal and child wellness.
Stocks in the news: HCL Tech, Tata Motors, Indigo, DLF and Ujjivan SFB
The homegrown auto major Tata Motors said it will hike prices of its commercial vehicles in the range of 2.5 per cent from January 1 to offset the increase in commodity and raw materials costs.
Ace investors of D-Street add finance, metals & textiles to portfolio
For instance, Rakesh Jhunjhunwalas name showed up in June quarter holdings of Indiabulls Housing and SAIL with 2.17% and 1.39% stake, respectively. Jhunjhunwala increased stake in Edelweiss by 0.4% but lowered stake in Titan, TV18 Broadcast and Autoline Industries.
Telecom stocks were hammered the most, as their subscriber bases declined for the third month in a row. Midcaps and smallcaps took a major beating. While benchmark Sensex dropped 0.1 per cent to close at 38.365, peer Nifty shed 0.3 per cent to end at 11,317.
Market Movers: Voda Idea jumps, Future stocks slump; 315 stocks hit lower circuit
A total of 90 stocks scaled 52-week highs on the BSE. These included Adani Green, Escorts, Infibeam Avenues, IndiaMART InterMESH, Rosaari Biotech and Godrej Industries, among others.
Trade Setup for Tuesday: Top 15 things to know before Opening Bell
Key support level for the Nifty is placed at 11,226.37, followed by 11,182.53. If the index moves up, the key resistance levels to watch out for are 11,325.67 and 11,381.13.