Tomorrow share market expects things, Q2 results, Nifty Technical analysis.
Nifty last week market total gain the 500 points up and market value changes 4% percent and BSE Sensex second time touch the 40000 points cross gain more points current 40,509 points. a reason for market gains a US and India Stimulus packages, Vacancies update, Q2 results this IT sector release, RBI MPC news, Nifty Technical show these reactions.
Q2 Results update
This week most of IT sector based company results announces expected then already results in meeting announce Wipro board approval wait buyback shares and earning results release date expected October 12, 2020, Monday. Infosys’ second Quarter results in date announce this month 14,2020 that day shareholders dividend issued the company. more additional this week expected Q2 results Mindtree, HCL Technology.
US Stimulus Package
The second US Stimulus package announces White House bigger the package the 1.8 trillion said this hope news official update then an effect the share market gain recovery US Market. this news positive sign of the Asia market tomorrow expected.
The Stimulus package expected the market some big news sites said an India second Stimulus package this month expected to announce by Finance Minister Nirmala Sitharaman.
RBI announces the Monetary Policy committee big update the Repo rate unchanged at 4% percent and reverses the Repo rate to 3.35% percent. This news positive Friday market but this news continues positive sign news this week market
Nifty Technical Candlestick
Nifty last week positive candlestick form the market this candle pre weeks candlestick crossed the gain. The Market this week expect positive side supports and Fundamental news good the market.
IPO List Monday
This week’s IPO listed two companies UTI and Mazagon Dock list the NSE and BSE, October 12, 2020, Monday.
The India Corona vaccines make an India based company Bharat Biotech submit the ICMR a collaboration then phase II conduct in India.
Last week market Foreign Institutional Investor activities net purchase Rs.5003.51 Crore, FII full positive side goes Indian markets.
Domestic Institutional Investor trading activity last week starting sell but weekend small buy-side enter. Selling activity DII Rs.2129..97 Crore.
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