RANGEBOUND
Asian market are mostly mixed after a sharp bounce in U.S market. U.S treasury colled off but $ index continue to remain strong.
Nifty trend turn BULLISH mode till it's trading above 15500 DCB.
However nifty likely face resistance near 15900 zone on closing basis.Nifty, recent high of of 15927 is important level to watch. Auto stock continue to remain strong.For Banknifty, 34150, the top made Monday is level to watch.
STOCK'S IN NEWS (04-07-2022)
DMART: Strong Growth In Q1 Beat Expectations.
HDFC BANK, HDFC: Stock exchanges give nod for HDFC Bank-HDFC merger. Observation letters of no adverse observations' from BSE and 'no objection' from NSE for HDFC Bank HDFC merger.
BHARAT FORGE: The company has completed the acquisition of JS Autocast Foundry at an enterprise valuation of Rs 489.63 crore.
MUTHOOT FINANCE: It has received permission from the Reserve Bank of India to open 150 new branches.
BRIGADE ENTERPRISES: WTC Trades & Projects, a wholly owned subsidiary of the company has acquired 63% stake in Tandem Allied Services for Rs 51.03 crore.
DEEPAK NITRITE: The company carried our restoration steps and submitted stability certificates to government with respect to fire incident at Nandeswari plant. Gujarat Pollution Control Board has issued directions revoking the closure order and allowed the company to operate a part of the plant, 50% of consented capacity of Nitro section.
TVS: Strong Traction In Ev Scooter Sales.
FEDERAL BANK: Pick Up In Advances Growth In Q1.
MARUTI: Strong Response For New Variant Of Breeza.
INSIDER TRADES
WELSPUN ENTERPRISES: Promoter Group Welspun Investments and Commercials bought 5 lakh shares between June 28 and June 30.
PRATAAP SNACKS: Promoter Swati Bapna sold 1.14 lakh shares between June 27 and June 29. Promoter & Director Amit Kumar bought 23,081 shares, Promoter & Director Apoorva Kumat bought 20,320 shares and Promoter & Director Arvind Mehta bought 15,600 shares between June 27 and June 29.
MTAR Technologies: Promoter Kavitha Reddy Gangapatnam and Promoter Usha Reddy Chigarapalli sold 2 lakh shares each on June 29. Promoter A Manogna sold 1 lakh shares and Promoter D Anitha Reddy sold 2 lakh shares on June 29.
SECURITIES IN BAN FOR TRADE DATE 04-07-2022-NIL
