GAGA Share Market News

[hfe_template id='11223'] [ad_1] NMDC shares will be in focus on Monday after the state-owned miner’s strike ended with trade unions withdrawing their protest over wage settlement. The company confirmed that employees resumed duties from the first shift on March 20, restoring normal operations across all projects. The strike, which began on March 6, had significantly impacted production at India’s largest iron ore producer. In a statement, NMDC said the Federation of Unions instructed its members to return to work and support optimal performance. “NMDC acknowledges the importance of its workforce, which has been its backbone. This decision to resume work will strengthen trust and help the company meet its production targets,” the company stated. Earlier, NMDC had termed the strike illegal, citing a slowdown in work despite ongoing wage revision negotiations. Live Events The last wage revision took place in 2017, with the next one due in 2022. Although an agreement was re...

[hfe_template id='11223'] [ad_1] Domestic markets traded in a narrow range on Friday and ended almost flat, pausing after two consecutive sessions of gains. In today's session, shares of Gensol Engineering, HCL Tech, Tata Power, NMDC, IndusInd Bank among others will be in focus due to various news developments. HCL Tech Shiv Nadar inked a gift deed to give 47% shareholding of HCL Corp and Vama Delhi each to his daughter Roshni Nadar Malhotra. RailTel RailTel bagged a work order worth Rs 28.29 crore from Northern Railway. Tata Power Tata Power's arm Tata Power Renewable Energy has signed a memorandum of understanding (MoU) with the government of Andhra Pradesh to collaborate on renewable energy projects in the state. JSW Steel Crude Steel Production was up around 12% YoY At 24.07 lakh tonnes versus 21.50 lakh tonnes. Shilpa Medicare US FDA issued a Form 483 with 1 observation for Raichur-based Unit-1 of its arm Shilpa Pharma Lifesciences. ONGC ONGC arm ONGC Petro ...

[hfe_template id='11223'] [ad_1] Seven stocks are under F&O trade ban on Friday viz. Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, NMDC, PVR Inox, RBL Bank and Steel Authority of India (SAIL). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 92.3% on Thursday with OI reported by Trendlyne at 83 million. It was down by 2.4% from the previous session. The MWPL for Granules India stood at 91.2% on Thursday with OI reported by Trendlyne at 14.9 million. It was down 2.7% from the previous session. Hindustan Copper reported MWPL at 88.6% on Thursday with OI reported by Trendlyne at 38.2 million. It was do...

[hfe_template id='11223'] [ad_1] Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. "We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday. Tech View: A sustainable move above 24,600-24,700 levels could confirm the qua...

[hfe_template id='11223'] [ad_1] Shares of metal stocks like NMDC, NALCO and Tata Steel fell up to 8% on Tuesday after top consumer China held back from unleashing more stimulus. At a briefing, China's state planner National Development and Reform Commission said they were confident of reaching its economic targets this year and promised further support for growth but disappointed investors who were looking out for more stimulus measures. The government will focus on accelerating the absorption of housing inventory, increasing the quality of homes and revitalizing existing land, among other targets, said NDRC Chairman Zheng Shanjie. "The long-awaited conference this morning failed to deliver the expected signal of further strong stimulus," said Pei Hao, an analyst at international brokerage Freight Investor Services. Back on Dalal Street, NMDC shares fell 7.7% to day’s low of Rs 211 on the BSE, while those of Tata Steel fell by 4.6% to Rs 156.70. Meanwhile,...

[hfe_template id='11223'] [ad_1] Equity benchmark indices climbed in a special trading session on Saturday, extending their rally to the third day running, amid fresh foreign fund inflows. "Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 40 points, or 0.18 per cent, at 22,608, signaling that Dalal Street was headed for negative start on Tuesday. Tech View: Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securi...