Airtel, Voda-Idea, RIL, Dish TV, Yes Bank, BPCL, SBI Cards, Jubilant Foodworks, Adani shares at a glance

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Nifty formed a strong bullish breakout candle and consistently maintained higher lower series formation which supports a new uptrend from current levels. Image: Pixabay

BSE Sensex and Nifty 50 were forecasting a positive open on Friday, as the trends on SGX Nifty indicate. Crafty futures surged in trading, rising 23 points to 17,852 on the Singapore Stock Exchange. In today’s trading, Sensex BSE is likely to hit the crucial 60,000 level. “Nifty formed a strong bullish breakout candle and consistently maintained higher lower series formation, which supports a new uptrend from current levels. For day traders, 17800-17750-17720 would be key support levels. On the other hand, 17900-17950-17990 could be a major resistance level in the short term Contra traders can take a long bet between 17750 and 17720 with a strict support stop loss of 16910, ”said Shrikant Chouhan, head of equity research (retail), Kotak Securities.

Actions to watch

JSPL: Jindal Steel & Power has been declared the preferred bidder for the Kasia iron and dolomite mine by the Odisha government. The auction for the mine, which has an estimated reserve of 278 million tonnes, was held on September 18. JSPL offered to pay a 118.1% premium.

Dish TV India, Yes Bank: Dish TV announced Thursday that it has received a request from its largest shareholder, Yes Bank, to call an extraordinary general meeting (EGM) to demand the dismissal of certain directors, including chief executive Jawahar Lal Goel.

Energy Finance Corporation, REC: State-run sector lenders PFC and REC have paid Rs 85,000 crore to electricity distribution companies (discoms) as part of the Rs 1.25 lakh-crore cash injection program aimed at to help these loss-making entities pay contributions to electricity producers.

Jubilant foods: Jubilant Foodworks Ltd (JFL), a fast food operator and main franchise of brands such as Domino’s Pizza and Dunkin ‘Donuts, announced Thursday that it has acquired a 25% stake in Gurugram-based nutrition firm Wellversed Health.

Airtel, Vodafone Idea, RIL: Reliance Industries Ltd’s telecommunications operator Reliance Jio added mobile subscribers at a breakneck pace in July, and Bharti Airtel also improved its user base, although Vodafone Idea lost 14.3 lakh customers, according to the latest data from the Trai controller.

Adani companies: Adani Enterprises has announced the incorporation of the wholly owned subsidiary “Adani Digital Labs Pvt Ltd” (ADLPL). ADLPL has not yet started its commercial activities.

BPCL, SBI cards: Fuel retailer BPCL and SBI Cards and Payment Services announced on Thursday the launch of a co-branded contactless credit card RuPay, offering fuel and other benefits. Bharat Petroleum Corporation Limited (BPCL) and SBI Card have teamed up to launch the “RuPay contactless credit card co-branded with the SBI BPCL card,” according to a joint statement.

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