DSIJ Mindshare

Samsung Engineering Co. Ltd. has given approval to Cords Cable Industries Ltd. to be its pre-qualified supplier for international orders. This global level approval is for a period of five years starting from August 1, 2018.

The latest revision of GST rates is likely to have a positive impact on a couple of sectors including paints, electronic goods and hospitality. Major listed companies in these sectors were buzzing in early trade on Monday.

In Monday’s session, if Nifty continues to trend northwards tracking Friday’s optimism, then we hold 11030-11080 as the major resistances, followed by 11120. However, if Nifty retreats from here, we hold 10980-10925 as the major support area followed by 10880 level.

Indian stock markets are likely to open on a flat to negative note tracking weak global cues and negative start from the Asian peers. The trading of Nifty 50 index future on the Singapore stock exchange is trailing flat indicates that Nifty could open flat at the opening bell. 

In a mutual fund scheme, you may have the option of choosing a dividend plan or a systematic withdrawal plan (SWP). If you are new to mutual fund investing, such an option may leave you confused and you may not be able to decide which one to go for. Let us find out what these options entail and help you choose the one that meets your financial needs and goals.