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Axis bank The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank. KEC International The company has secured new orders of Rs. 816 crores across its various businesses Brigade Enterprise Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores. Vedanta Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”. Anup Engineering Board fixed 23rd April 2024 as the Record Date for bonus issue Gufic Biosciences The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products. GE Power The company received orders worth Rs 774.9 crore from Jaiprakash Power. Suryoday Small Finance Bank The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY. RBL Bank The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY. Vodafone Idea The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis. L&T Finance Holdings The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
Fri. Apr 12th, 2024

Indian Markets Set to Open Flat, Following Global Cues

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The Indian markets are expected to open on a flat note, taking cues from global trends. The GIFT Nifty is currently at 22222, indicating a neutral start for the day. In terms of Nifty Feb Futures, the support levels are at 22130 and 22050, while the resistance levels are at 22300 and 22380. For BankNifty Feb Futures, the support levels are at 46350 and 46100, with resistance levels at 46800 and 47100.

Global cues play a significant role in influencing the Indian markets. Investors and traders closely monitor international markets to gauge the overall sentiment and make informed decisions. Any major developments or trends in global markets can have a direct impact on the Indian stock market.

The GIFT Nifty, which represents the performance of the Nifty index, is an important indicator for market participants. It provides insights into the expected direction of the market at the opening bell. Traders often refer to the support and resistance levels of Nifty and BankNifty futures to identify potential entry and exit points for their trades.

It’s important to note that market trends can change throughout the day based on various factors such as economic data, corporate announcements, geopolitical events, and investor sentiment. Traders should stay updated with the latest news and developments to navigate the markets effectively.

In conclusion, the Indian markets are poised to open on a flat note, influenced by global cues. The GIFT Nifty and support/resistance levels of Nifty and BankNifty futures provide valuable insights for traders and investors. Stay informed and adapt to changing market conditions to make well-informed investment decisions.

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