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Dodla Dairy, KIMS, Thyrocare Technologies in spotlight

Shares of Dodla Dairy will debut on the bourses today, 28 June 2021. Dodla Dairy offer closed for subscription on June 18 after being subscribed 45.62 times. Issue price is Rs 428 per share. Shares of Krishna Institute of Medical Sciences (KIMS) will debut on the bourses today, 28 June 2021. KIMS Hospitals public offer witnessed an oversubscription of 3.86 times during June 16-18. Issue price is Rs 825 per share. Reliance Industries (RIL) said that the Fluidized Catalytic Cracker Unit (FCCU) in SEZ refinery at Jamnagar which was taken for an emergency shutdown on June 6, 2021 has been restarted after carrying out necessary repairs. The Unit has since been stablized and normal throughput has been reached.

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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