Day Trading: Mah Seamless, DCM Sriram, HEG, Solar Industries, Hindustan Copper, Natl Aluminium, Trident, Sirca Paints, Tide Water Oil Co, Mazda, Hitech gears, Redington, Patel Engineering, JP Power
Short Term: Tata power, Tata Motors, Divi’s Lab, Vodafone, Suzlon, SAIL, Yes Bank, Hindalco, Reliance Comm, NTPC, Piramal, DLF
Long Term: Reliance, Tata Steel, IRCTC, SBI, Bajaj Finserv, Tech M, SRF, Deepak Nitrite
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Top Market News:
- Metlife International Holdings is looking to acquire the combined 15.27 per cent shareholding of IGE (India) Private Limited and Elpro International Limited in PNB Metlife India Insurance company for a cash consideration of Rs 1,906 crore, subject to regulatory approvals. Business Standard
- Billionaire Gautam Adani on Monday said his infrastructure conglomerate will invest between USD 50-70 billion in organic and inorganic growth opportunities across the entire energy value chain over the next decade. Business Standard
- Invesco Developing Markets Fund, which moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises for delay in holding an extraordinary general meeting (EGM), asked the tribunal on Monday to pass a “mandatory order” directing Zee to call for an EGM as requisitioned by it. Business Standard
- The second quarter of the fiscal year is a seasonally strong quarter for the Indian IT services sector. Additionally the Q2 of FY22 will have the added impetus of demand being driven by digital transformation accelerated due to the pandemic. Business Standard
- Byju’s is raising about Rs 2,200 crore ($300 million) as part of a larger round of new investment as the world’s most valuable edtech company focuses on expanding its business in global markets and explores to do more acquisitions. Business Standard
Google Trends
- Social media services Facebook, WhatsApp and Instagram are coming back after an outage that lasted almost six hours, Facebook says. All three services are owned by Facebook and could not be accessed over the web or on smartphone apps. Downdetector, which tracks outages, said it was the largest failure it had ever seen, with 10.6 million problem reports around the world.
- Technology stocks were hammered again on Monday, extending recent declines for some of the world’s most valuable companies, which have been under pressure amid rising bond yields. The selloff was particularly painful for Facebook Inc. with reports of global outages for users of its social-media apps helping to fuel the biggest drop in nearly a year.
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