The market opened in the green on July 16, 2020, overall volumes in futures & options currently stand at 3,53,96,076 crore contracts with a turnover of Rs. 21,50,273.38 crore.

The market opened in the green on July 16, 2020, overall volumes in futures & options currently stand at 3,53,96,076 crore contracts with a turnover of Rs. 21,50,273.38 crore.

Department of Telecommunications (DoT), Ministry of Communications and Government of India has withdrawn provisional demand notices issued on GAIL Limited and Power Grid Corporation of India Limited. The dues were related to adjusted gross revenue (AGR) imposed over the telecom revenues earned by these companies.

This project would further enhance Cochin Shipyard’s presence into the division of premier shipbuilding yards with a capacity to handle hi-tech vessel construction. Looking at the current order book position, it stood at Rs 14,630 crore, which provides healthy revenue visibility. 

On Thursday, the shares of sugar companies are in focus on the bourses, supported by a rise in the minimum selling price (MSP) of sugar to Rs 33 per kg from Rs 31 per kg. This hike is likely to improve the margins of the sugar companies, going ahead.

Jio Platforms and Google have also entered into a commercial agreement of developing an affordable smartphone with optimisation to Android operating system and Play Store.

Early trends in SGX Nifty is signifying a flat to a positive start. Nifty has a crucial support at 10,551 level, which is 61.8 per cent Fibonacci retracement.

The stock of Bharat Petroleum Corporation Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

The zone of 10,480-10,550 is a crucial support level for Nifty due to its confluence of 20-DMA and 50 per cent retracement level of the last leg of upmove (10,195-10,894) placed in this region. Stocks in news: Cochin Shipyard, SBIN, Titagarh Wagons.

Since India’s independence, the power sector in the country has made massive addition to the generation, transmission and distribution capacity. However, electricity consumption and generation have plunged considerably since the COVID-19 outbreak.