Market losing 2.7 percent after rising 4.2 percent in the previous two weeks. On 4th September, BSE Sensex corrected 633.76 points to 38357.18, and NSE Nifty fell 193.60 points to 11333.85 due to gobal market cues. It formed a bearish candle, which looks like a Doji kind of pattern on the daily charts, and witnessed a Bearish formation on the weekly charts.
According to pivot charts, the key support levels for the Nifty is placed at 11274.33, followed by 11214.87. If the index moves up, the key resistance levels to watch out for are 11422.63 and 11511.47.
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NSE NIFTY CHART |
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BSE SENSEX CHART |
- REC company subsidiary received a 10 MW solar power project order in Rajasthan.
- National Aluminium Company Q1 profit at Rs 16.7 crore and revenue at Rs 1,380.6 crore.
- Moody's cuts deposit ratings of Bank of Baroda, Bank of India, Canara Bank and Union Bank of India to Ba1 and revised PNB's rating outlook to 'Negative' from 'Stable'.
- Based on an eligibility certificate from the Maharashtra government, Endurance Technologies is entitled to a cumulative incentive of Rs 466.39 crore under the package scheme of incentives.
- Jubilant Industries approved sale of land and building of manufacturing unit at Nimbut, Pune for Rs 12.35 crore, and plant and machinery for Rs 0.95 crore to Jubilant Life Sciences.
- Repco Home Finance Q1 profit at Rs 69.50 crore and revenue at Rs 337.71 crore.
CG Power and Industrial Solutions, Future Lifestyle Fashions, Future Market Networks, General Insurance Corporation of India, Aurionpro Solutions, Hindustan Oil Exploration, Bharat Engineering, Orchid Pharma, RPP Infra Projects, among 50 companies will results on7th September.
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