Indian share market to remain volatile this week due to monthly F&O expiry amidst the highest FII short position. It will be a shortened trading week due to a holiday on Thursday. Nykaa, IndiGo and Powegrid shares among the stocks to watch today.
Five executives at Nykaa have resigned a few months after its CFO Arvind Agarwal had quit. Among the exits are Chief Commercial Operations Officer Manoj Gandhi, Chief Business Officer of fashion division Gopal Asthana, and Chief Executive Officer of wholesale business Vikas Gupta.
IndiGo plans to have a fleet of 350 aircraft by the end of FY24, an increase of 14% year-on-year. The company further said it aims to double in size and scale by 2030.
Piramal Realty, real estate arm of the Piramal Group, and Jio-bp, a joint venture between Reliance Industries and bp, partnered to set up EV charging stations across Piramal’s residential projects in Mumbai Metropolitan Region (MMR).
Zydus Lifesciences Ltd on Friday said it has received final approval from the US health regulator for its generic doxepin hydrochloride capsules used in the treatment of depression and anxiety.
State-owned Power Grid Corporation's board has approved raising up to Rs 600 crore through bonds to be issued on private placement basis.
Defence training solutions firm Zen Technologies on Friday said it has bagged Rs 127 crore order from armed forces.
“The short-term trend of Nifty continues to be weak. One may expect Nifty to slide down to 16,800-16,700 levels by this week. On the upper side, the area of 17,050 could be a crucial overhead resistance,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
“As long as Bank Nifty does not surpass the level of 40,000, it remains in a sell-on-rise mode. The immediate support on the downside is at 39,000 and a breach below this will lead to a sharp decline,” said Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities.
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