Nifty Morning Outlook on 17-10-2018
Nifty future opening expected to be positive in the range of 10697 – 10707
| S2 | S1 | R1 | R2 | |
| Nifty Future | 10600 | 10650 | 10800 | 10865 |
| Bank Nifty Future | 25500 | 25630 | 25750 | 25900 |
USDINR Movement On 16-10-2018: INR closed positive at 73.5650/USD (-0.36 or -0.48%) on NSE
Trade Statistics on 16-10-2018: The turnover of cash and F&O in NSE
| Cash (Rs. Crores) | F&O (Rs. Crores) |
| 30,742.96 | 8,07,280.15 |
FII and DII activities in cash segment:
On 16-10-2018 FII net sold equities worth Rs. -1165.63 cr., While DII net bought equities worth Rs. 1059.44 cr.
Stocks to watch:
Cochin Shipyard
- Board approved buyback of up to 4.39 million shares at Rs 455 per share.
JSW Steel
- Majority of Bhushan Power lenders vote in favour of JSW Steel’s bid for company. JSW Steel offered highest bid for Bhushan Power & Steel at Rs 19,700 crore..
News Flash:
- L&T Technology Services completed acquisition of Graphene Semiconductor Services.
- Aban Offshore acquired 100 percent interest in UK Continental Shelf Production License and sold 50 percent interest in the same.
