Nifty Morning Outlook on 07-04-2020
Nifty future opening expected to be positive in the range of 8483 – 8493.
| S2 | S1 | R1 | R2 | |
| Nifty Future | 8180 | 8330 | 8570 | 8715 |
| Bank Nifty Future | 17300 | 17900 | 18400 | 19000 |
USDINR Movement On 03-04-2020: INR closed negative at 75.8/USD (+0.08 or +0.11%) on NSE
Trade Statistics on 03-04-2020: The turnover of cash and F&O in NSE
| Cash (Rs. Crores) | F&O (Rs. Crores) |
| 39,688.65 | 4,45,927.56 |
FII and DII activities in cash segment:
On 03-04-2020 FII net Sold equities worth Rs. -1960.98 cr., While DII net Bought equities worth Rs. 226.55 cr.
Stocks to watch:
Shilpa Medicare
- The subsidiary of Shilpa Medicare on April 6 has received approval from the UK health regulator for anti-cancer drug Imatinib.
Godrej Properties
- Godrej Properties’ bookings during January-March quarter of FY20 stood at Rs 2,380 crore, registering a 100 percent growth sequentially and 10 percent year-on-year.
News Flash:
- Manali Petrochemical production of Propylene Glycol has restarted at both plants.
- IDBI Bank board members to meet on April 8 to consider proposal of Rupee bond borrowings limit of Rs 7,500 crore for FY21.
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RAKHI PAWAR
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INDEX TRADING – BANGALORE
