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Nifty may open down, but strength seen at lower levels - The Hindu BusinessLine

Nifty may open down, but strength seen at lower levels April 23, 2021 Privi Speciality, Glnnd Pharma, Tata Motors scrips likely to see action today Rising Covid cases are likely keep Indian markets in a bear grip on Friday even as global markets present mixed cues. The US markets slumped almost one per cent overnight on fears of imposition of new capital gains tax by Joe Biden administration. SGX Nifty at 14,331 indicates a gap-down opening of 70 points for Nifty futures, which closed at 14,403 on Thursday. The SGX Nifty futures recovered from the day s low of 14,260, signalling some value buying happening at lower levels.

Nifty today: SGX Nifty down 80 points; here s what changed for market while you were sleeping

Explore Now A 3 lakh-plus Covid case count for a second day, concerns over the economic impact of lockdowns, weakness in the rupee and an overnight drop in US stocks are likely to hit sentiment on Dalal Street on Friday. Most Asian markets traded higher in early trade, and technical charts for the domestic indices are hinting at a recovery ahead. Here s breaking down the pre-market action: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, lower at 14,320 in signs that Dalal Street was headed for a negative start on Friday. Tech View: Nifty forms Piercing Line pattern

Stocks to watch: Stocks in the news: HCL Tech, RIL, Indus Towers, Dish TV, Tata Elxsi and Gland Pharma

Explore Now Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, higher at 14,320 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today s trade: HCL Tech, Indiabulls Real Estate: HCL Tech, M&M Financial, Indiabulls Real Estate, Shiva Cement, GNA Axles and Oriental Hotels are some of the companies which will announce their March quarter results today. Reliance Industries: RIL, through an international arm, is finalising the acquisition of Stoke Park, Britain’s first County Club, from the International Group (IG), owned by the King family, a second-generation UK family business, for around 60 million pounds (Rs 600 cr), they add.

market outlook: Ahead of Market: 12 things that will decide stock action on Friday

market outlook: Ahead of Market: 12 things that will decide stock action on Friday
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