Pharma shares are upbeat on positive news on the vaccine. PFIZER has announced an emergency vaccine by November.
11:55 AM
On the last day of the week, the market is witnessing pressure on the upper levels. The Nifty has slipped below 11950. The Nifty Bank is showing a decline of over 300 points from the day’s high. This week, Nifty has given 1.5 per cent and Nifty Bank has given 4 per cent.
11:30 AM
Albuterol, the generic version of Cadila Health’s Proventil Tablets, has been approved by the US FDA.
11:15 AM
Salary account of Mumbai Police staff will shift. Mumbai Police will remove salary account from AXIS BANK. The account transfer process has started. There will be a salary account shift in HDFC BANK. 50,000 accounts of Mumbai Police will now shift to HDFC BANK. The Maharashtra government has signed a MoU for this.
10:50 AM
The Bulls then take command of the market. The Nifty is looking closer to 11950. Midcap is also seeing good buying. This week, Nifty has given a return of 1.75 per cent and Nifty Bank 5 per cent.
10:40 AM
Pharma shares are upbeat on positive news on the vaccine. PFIZER has announced an emergency vaccine by November. Shares like PFIZER, CIPLA, CADILA have run up to 2 per cent. But weak Q2 results put pressure on BIOCON.
10:30 AM
Hotel share party has started. TAJ GVK, KAMATH and ROYAL ORCHID ran 3 to 5 percent. Liquor shares on CHAMPANE DAY are also seeing good buying.
10:20 AM
Aviation shares are seen flying high during the festive season. SPICEJET has run 7 percent. There is also good shopping at INDIGO.
Also Read: Market live: Near market highs, Nifty near 12000, Tata Steel, IndusInd Bank top gainer
10:15 AM
Auto and tire stocks have also gained momentum. The Nifty Auto Index is looking above 1 percent. Maruti, Tata Motors, Motherson Sumi are up 2 per cent. APOLLO TYRES has risen 3 percent.
10:10 AM
Veteran investor Radhakrishna Damani has made a large investment in the Cochin Shipyard. The stock is seeing a bounce of over 2 per cent.
10:05 AM
The rupee today weakened 11 paise to open at 73.63 against the dollar. Please tell that the rupee had strengthened by 5 paise to close at 73.53 yesterday.
10:00 AM
If Biden wins, the market will fall and as soon as I win, there will be a boom in the market: Donald Trump
In the last presidential debate just before the election in the US, US President Trump has said that if Biden wins, the market will fall and the market will see a surge as soon as he (Trump) wins. Trump has said that the government is taking fast steps to control Corona. The vaccine will arrive soon. He also hoped to have the corona vaccine in 1 week during the debate. Meanwhile, Pfizer has said that Corona’s EMERGENCY VACINE will arrive in November.
On the other hand, Biden fiercely attacked Trump on corruption. He said that trumps pay 50 times tax in China. Trump has businesses in China. He said that Trump did not even make public the 1-year tax return, what he wants to hide by not showing the return. Biden also said that Trump had no plans for the Corona vaccine.
09:45 AM
DIVIS LAB: SEBI has passed settlement order in case of INSIDER TRADING on 7 people including CFO.
09:25 AM
Indian markets have started today with mixed global cues. The Sensex and the Nifty are seeing great gains. Along with the big stocks, small and medium stocks are also showing an upward trend. The mid-cap index of BSE is trading up by 0.46 per cent. On the other hand, the small-cap index is showing an increase of 0.65 percent. In today’s business, oil gas stocks are also being seen. The BSE’s Oil and Gas Index is trading at 0.35 per cent.
Presently, the Sensex is seen around 40,725 with a gain of 165 points. At the same time, the Nifty is seen crossing 11,950 with a gain of 55 points.
09:10 AM
There are signs of boom in the market in the pre-opening session. The Sensex is trading around 40,730 with a gain of about 170 points, or 0.42 per cent. At the same time, the Nifty is seen around 11,960 with a gain of about 60 points i.e. 0.52 per cent.
08:45 AM
Global Signs Mixed
The US market showed strength yesterday as expectations of the Corona relief package rose. The DOW closed at 150 points yesterday. In yesterday’s trade, bank shares in the US market were energized. Nancy Pelosi has said that there has been progress in negotiations on the relief package. The Dow had gained 153 points to close at 28,364 yesterday. On the other hand, the US FDA has approved Remdesivir for the treatment of corona. According to the latest data, jobless claims have come down to 787,000 in the US. However, jobless claims are still in the upper levels in the US. On the other hand, there is mixed business in Asian markets.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 11954-11966. The larger registration zone is 12020–12040. The base zone is 11816-11772. The larger base zone is 11720–11710. FIIs still remain focused on long. DIIs continue to sell. 11727-11710 (20 DEMA) has a large base. The option base is at 11790. Big ups and downs are possible today but focus on shopping. Dow Futures and the second part of the day are very important.
Strategy on nifty bank
Virendra Kumar says that its registration zone is 24780-24840. The larger registration zone is 24980-25080. The base zone is 24250-24180. The larger base zone is 24040–23980. Focus on shopping. 24000-24200 is the critical base. Focus on 600 digits between 24200-24800.
RK Damani’s investment in Cochin Shipyard
Veteran investor Radhakrishna Damani has made a large investment in the Cochin Shipyard. He has bought about 7 lakh shares in Cochin Shipyard at a price of Rs 349.
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