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Golden Tobacco Ltd leads losers in B group

Rajratan Global Wire Ltd, Zodiac-JRD-MKJ Ltd, Premier Polyfilm Ltd and T T Ltd are among the other losers in the BSE s B group today, 27 January 2021. Rajratan Global Wire Ltd, Zodiac-JRD-MKJ Ltd, Premier Polyfilm Ltd and T T Ltd are among the other losers in the BSE s B group today, 27 January 2021. Golden Tobacco Ltd crashed 8.44% to Rs 44.5 at 14:33 IST.The stock was the biggest loser in the BSE s B group.On the BSE, 7683 shares were traded on the counter so far as against the average daily volumes of 4346 shares in the past one month. Rajratan Global Wire Ltd tumbled 7.44% to Rs 512.3. The stock was the second biggest loser in B group.On the BSE, 4067 shares were traded on the counter so far as against the average daily volumes of 2354 shares in the past one month.

Train 1 or not NGC promises to meet contracted gas to downstream

Train 1 or not.NGC promises to meet contracted gas to downstream by 20201216 State-owned Na­tion­al Gas Com­pa­ny of T&T Ltd (NGC) has promised even if it be­comes the op­er­a­tor of At­lantic LNG’s Train 1 it will not be at the ex­pense of the down­stream petro­chem­i­cal sec­tor. The Sun­day Guardian had re­port­ed ex­clu­sive­ly that the NGC is tak­ing a ma­jor gam­ble by agree­ing to spend hun­dreds of mil­lions of dol­lars to do an end-of-life turn­around (TAR) of the plant as Train 1’s ma­jor share­hold­ers, Roy­al Dutch Shell and BPTT have made it clear they do not have the gas for Train 1 and were not pre­pared to put out huge sums of mon­ey for a TAR when they can­not see the funds be­ing re­cov­ered.

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

Nifty formed a small bearish candle with a long lower shadow on the daily chart in Thursday s session. The 50-pack index negated the formation of higher highs and lows of the last nine sessions. Defensive viz. FMCG, IT and pharma tend to do well during the corrective phase, but traders should maintain caution in the selection of the stocks as we’re seeing selective participation, said Ajit Mishra, VP - Research, Religare Broking. He also added, Indications are in the favour of some consolidation in the index and it would be healthy for the markets. Nifty has critical support at 13,350 and its breakdown may result in further correction ahead. In the case of a rebound, the 13,550-13,600 zone would act as a hurdle.

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