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Stocks in news: Coal India, Pfizer, SBI Cards, Tata Power, NTPC, UPL

Today Stocks | Stocks to track in trade for February 24, 2021: Liquor stocks, Tata consumer products, NTPC, Sanofi

Updated Feb 24, 2021 | 09:35 IST Liquor stocks, Tata Consumers, NTPC, SPARC, Mazagon Dock, Sanofi will be in focus on the back of news flow. Stocks to track in trade for February 24, 2021: Liquor stocks, Tata consumer products, NTPC, Sanofi, StoveKraft.  Liquor stocks   The liquor stocks in focus after United Spirits said it has initiated a strategic review of some of its popular brands. The company initiates a strategic review of select popular brands excluding McDowell’s and Director’s Special trademarks. Review process to be completed by end of 2021.  Tata Consumer Products The company will replace GAIL India in Nifty50 Index from March 31, 2021. It is the 5th Tata Group Company In the Nifty. Together now has Tata group stocks weightage is 8.1% behind RIL 10.8% & HDFC GROUP 18.8%. Now nifty has 7 consumer stocks. HUL ITC Asian paints Nestle Britannia Titan and Tata consumer. 

Shares off day s high; Sensex below 50,000

Read more about Shares off day s high; Sensex below 50,000 on Business Standard. Shares on the BSE pared gains in early afternoon trade. Trading has been halted on the National Stock Exchange (NSE) due to technical glitches.

SGX Nifty indicates an 80-point gain for Nifty at open - The Hindu BusinessLine

February 24, 2021 Foreign fund flows, Covid-19 cases and rising bond yields will anchor the market movement The domestic market is expected to open with a gap up of at least 80 points, as SGX Nifty is currently ruling at 14,842 against Nifty March futures’ close of 14,762.85. However, with only one day left for expiry of F&O monthly contracts, analysts expect the market to remain volatile. While cues from Asia-Pacific markets remain mixed, US markets closed in the green overnight after opening sharply lower. We note that concerns pertaining to increase in bond yields and higher commodity prices dented investors’ sentiments in the last couple of days. However, underlying strength of economy and market remains intact in our view and hence, any meaningful correction in the market should be used to buy, said Binod Modi, Head - Strategy at Reliance Securities.

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