Bharti Airtel, HPCL, Sun Pharma, ONGC, Bandhan Bank, HDFC, Tata Motors in brief

Analysts say Nifty has intelligently rebounded, taking even larger markets to the upside.

Nifty futures traded 19 points higher at 18,016 on the Singapore stock exchange, suggesting an early spread for BSE Sensex and Nifty 50 on Tuesday. In the last session, BSE Sensex rose 831 points or 1.40% to 60,138.46, while NSE’s Nifty 50 index jumped 258 points or 1.46% to 17,930. Analysts say that Nifty cleverly rebounded, taking even the larger markets to the upside. “18033-18098 is the next resistance band while 17799 is support,” said Deepak Jasani, head of retail research, HDFC Securities. In addition, the Goods and Services Tax (GST) collections for October amounted to Rs 1.30 lakh crore, compared to Rs lakh 1.17 crore in September, indicating a strengthening of the economic recovery. during the second half of the 2021-2022 fiscal year. This was the second highest monthly figure since the introduction of the GST.

Focus on actions

Bharti Airtel, HPCL, Sun Pharma: ESB listed companies such as Bharti Airtel, HPCL, Sun Pharmaceutical Industries, Bank of India, Godrej Properties, Union Bank of India, Dabur India, Easy Trip Planners, Jindal Steel & Power, Jyothy Labs, Laxmi Organic Industries, Minda Corporation , MTAR Technologies, PNB Housing Finance, Prince Pipes and Fittings, Radico Khaitan, Stove Kraft, Trent and Unichem Laboratories will release their September quarter results on November 2.

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CGSB: The Union’s Ministry of Oil and Natural Gas has asked state-owned oil and gas producer Oil and Natural Gas Corporation (ONGC) to consider divesting 60% of its stake in the country’s largest oil and gas assets in the Mumbai offshore.

Coal from India: Coal India (CIL) shipments reached 364.4 million tonnes in the first seven months of the current fiscal year, the highest on record, showing growth of 19% over the corresponding period last fiscal year . During the same period of the previous year, CIL shipped 305.8 MT.

Bandhan Bank: The Reserve Bank of India (RBI) has authorized the private sector lender Bandhan Bank as the agent bank to undertake government activities. The appointment would allow the Kolkata-based lender to undertake government affairs on behalf of the RBI. With this, Bandhan Bank joins the ranks of a few other private sector banks slated to be incorporated as RBI agency banks, the lender said in a statement Monday.

HDFC: The Housing Development Finance Corporation on Monday announced a 32% year-over-year increase in net income for the September quarter to Rs 3,780 crore, as the lender saw acceleration in loan growth and net income from rupees. ‘interest (NII).

Kotak Mahindra Bank: The Kotak Mahindra Bank branch on Monday announced an investment of Rs 1,000 crore in the data center business of Sify Technologies. The investment in Sify Infinit Spaces will help the company invest up to Rs 4,000 crore in the construction of data centers in Mumbai, Noida, Chennai, Bangalore and Hyderabad and also invest in renewable energy assets for the company’s assets, according to a statement.

Tata Engines: The company recorded a loss of Rs 4,415.5 crore at T2FY22 against a loss of Rs 307.3 crore at T2FY21, revenues jumped to Rs 61,378.8 crore against Rs 53,530 crore year-on-year.

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