Market live Updates- Signs of flat opening from SGX Nifty, keep an eye on oil companies

Better signals from global markets

There are better signals from the global markets today. Most of the Asian markets are trading higher. Dow futures are seeing gains. SGX NIFTY looks flat. There was a slight weakness in the US yesterday.

Trade setup for today : Take a look at these figures before the market opens, it will be easy to catch profitable deals

increased boiling in crude

Crude has boiled over fears of more stringent sanctions on Russia by the G7 countries. Its price has gone beyond $116 per barrel. Today focus on companies like ONGC, HOEC and OIL.

Bullish Moody’s on Tata Steel, JSW Steel

Moody’s is bullish on Indian metal companies. Moody’s upgrades Tata Steel’s outlook from stable to positive. At the same time, the corporate family rating of JSW Steel has been increased from BA2 to BA1.

Important meeting of GST Council for two days from today

An important two-day meeting of the GST Council is starting from today. 28% GST is possible on casino and online gaming. Relief is possible for the hotel and tourism sector. At the same time, the GST on LED and leather items may increase.

FOCUS ON BRIGADE ENT

The company will set up a residential project with the JV in Chennai. The company will prepare a residential project of 21 lakh square feet here. The target is to earn Rs 1500 crore in the next 5 years from the project. 6000 crore target from residential in Chennai in next 5 years. The company will increase its focus on residential, commercial and retail.

Strategy of Ashish Baheti of NAV Investment Research on Nifty

Nifty closed near 20 DEMA yesterday. Gap down is possible today. Shop on the fall. Buy from SL of 15730, keep TGT 15960. For this, strong resistance is visible at 16000 and support at 15700.

Strategy of Ashish Baheti on Bank Nifty

Bank Nifty also closed near 20 DEMA. Buy from SL 33500, keep TGT 34300. For this, there is strong resistance at 34000 and support at 35500.

M&M’s New Scorpio Launched

The ex-showroom price of the new Scorpio starts at Rs.12 lakhs. Bookings for the new Scorpio will start from July 30.

Tata Steel outlook changed

Rating agency Moody’s has upgraded Tata Steel’s outlook from stable to positive.

JSW Steel Rating Changed

Moody’s has upgraded JSW Steel’s corporate family rating from Ba2 to Ba1.

Board meeting of Mannapuram Fin

Fund raising will be considered in the board meeting of Mannapuram Fin to be held on July 30.

Cipla will invest

Cipla will invest an additional Rs 25.90 crore in GoApptiv. After the deal, the stake in GoApptiv will increase to 22.02 per cent.

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