Nifty Morning Outlook on 03-12-2021
Nifty future opening expected to be Negative in the range of 17398 – 17408.
| S2 | S1 | R1 | R2 | |
| Nifty Future | 17200 | 17320 | 17500 | 17600 |
| Bank Nifty Future | 35600 | 35800 | 37000 | 37300 |
USDINR Movement on 2-12-2021: INR Negative at 75.2050/USD (+0.0600 or +0.07%) on NSE
Trade Statistics on 2-12-2021: The turnover of cash and F&O in NSE
| Cash (Rs. Crores) | F&O (Rs. Crores) |
| 57,600.21 | 1,30,59,926.14 |
FII and DII activities in cash segment:
On 2-12-2021 FII net Sold equities worth Rs. -909.71 cr., While DII net Bought equities worth Rs. 1372.65 cr.
Stocks to watch:
Biocon
- The company’s subsidiary, Biocon Pharma, has received approval for its abbreviated new drug application for Mycophenolic Acid from the US Food and Drug Administration. This approval further adds to Biocon’s portfolio of vertically integrated complex drug products.
Larsen & Toubro
- Larsen & Toubro announced that it will jointly own and operate green hydrogen projects with Goldman Sachs-backed green energy producer ReNew Power. “Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India,” a joint statement said.
News Flash:
- Adani group starts exports from Australia coalmine that drew protests.
- Carmakers brace for a fresh round of price hikes from January 2022.
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RAKHI PAWAR
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INDEX TRADING – BANGALORE
