Market Outlook for the day –Any fall from the current levels can be utilised to build fresh long positions as we are maintaining bullish bias.
Venky's (India) board has approved a proposal to acquire poultry and packaging business operations of Venkateshwara Hatcheries, its holding company, ongoing concern basis.
SpiceJet placed an order with Boeing Co for 42 Boeing B737 Max planes worth $4.4 billion by swapping existing orders of 12 Boeing 737 planes.
Gateway Distriparks has acquired 74 lakh equity shares of Rs 10 each in its subsidiary company, Snowman Logistics from Nichirei Logistics Group Inc. for Rs 25.90 crore.
Tech Mahindra has launched its global development center with Alstom Transport, on the occasion of signing a 3 year partnership agreement with Alstom.
Key benchmark indices closed positive in a choppy trade as pressure of profit booking witnessed in frontline stocks. Buying support seen in IT, FMCG and Pharma sector and its BSE indices closed 0.56%, 1.22% and 1.23% up respectively. While Banks, Capital goods and Power indices closed negative. The market breadth, indicating the overall health of the market was negative. On BSE, 1,440 shares dropped and 1,312 shares rose.