Day Trading: Mukta Arts, AMD Industries, Gujarat Apollo Inds, Mahindra Life Dev., Network 18, Zenith pipes, Gayatri Highways, Sangam India, Metropolis Health, Hindustan Zinc
Short Term: Vodafone, Tata Power, PNB, Yes Bank, BHEL, Bank of Baroda, Union Bank of India, IDFC First Bank, GMR, Indus Towers, Sri City Union,
Long Term: IRCTC, Tata Power, IEX, SBI, Bharti Airtel, HUL, ITC, HCL, Mindtree, ACC, CG Power, Bajaj Finance
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Top Market News:
- Airfares on certain routes are up by 30-45 per cent higher during Diwali on a year on year basis led by higher demand. While last year, at the same time, airlines were allowed to operate at 70 per cent capacity, the government has now withdrawn the capacity caps. Business Standard
- Mukesh Ambani-led Reliance Industries is expected to post strong growth in consolidated net profit led by a robust rise in earnings before interest, tax, depreciation, and ammortisation (EBITDA) in the September quarter. Business Standard
- Coal shortage at thermal power projects is still continuing as number of non-pit head projects having less than four days of coal (supercritical stock) rose to 61 on Tuesday from 58 on Monday, official data showed. Business Standard
- Higher salaries in India are making a comeback with 9.3 per cent hike being expected in 2022, from 8 per cent in 2021, and with companies planning to give employees larger raises as they face mounting challenges of attracting and retaining employees, according to a report. Business Standard
- The formalisation of the economy gained further momentum in August, with Covid-induced lockdowns easing. The Employees’ Provident Fund (EPF) saw net addition of 1.48 million subscribers, which was a record high. Business Standard
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- Brussels bureaucracy that has miscalculated by investing a lot of money into closing coal mines and building plenty of wind turbines and other renewable energy sources to fight climate change. Energy Crisis
- Global carmakers are facing another potential crisis as a result of this shortage, which is being indirectly caused by China’s electricity crisis. China currently supplies around 85% of the world’s magnesium, and the power woes have reportedly forced authorities to shut down 35 of the country’s 50 magnesium smelters until the end of 2021.
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