Welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
Nifty and Sensex reversed from the day’s lows and ended the session flat amid mixed global cues. Dow and Nasdaq futures are trading marginally higher.
Brent Crude: 80.60 0.94 %
USD INR Spot: 83.9691 0.08%.
India 10Y Bond yield: 6.996 1.69%
Nifty 50 heat map.
More stats at: technicals.zerodha.com
Amongst the F&O stocks
Voltas was the top gainer.
Sun TV was the top loser.
News
The central government has approved Oil and Natural Gas Corporation Limited (ONGC) to invest Rs 10,501 crore in ONGC Petro Additions Limited (OPaL), providing significant additional equity capital.
Steel prices in India have hit a three-year low due to a 68% increase in imports during the April-June quarter, prompting industry concerns and calls for protective measures.
BHEL has secured a 1,600 MW coal-based project from Damodar Valley Corporation (DVC) in Jharkhand’s Koderma district, to be set up on an EPC basis.
Reliance Industries Ltd plans to commission its first solar giga-factory this fiscal, aiming for 20GW solar PV manufacturing by the end of FY 2024-25, scaling up further by 2026, as part of its goal to achieve net zero carbon emissions by 2035.
Amara Raja has signed an MoU with Piaggio India to develop and supply LFP Lithium-Ion cells and chargers for its electric vehicles, as stated in the company’s stock market filing.
