Benchmark indices in India after making low of 17163.15 on 6 October, 2021 and it recover back to near all time high. The Benchmark Nifty closed at levels up by approximately 350+ point for the week. The Sensex closed at 60059.6 levels , gainning approximately 900+ point for the week.
Institutional Activities
Significantly, foreign portfolio investors (FPIs) turned net buyers of Indian equities in the week gone by while domestic institutional investors (DIIs) turned net sellers. FIIs net selling. Indian equities worth approximately INR 64.01 crore as on 8 october, 2021. And, DIIs net sold Indian equities worth approximately INR 168.19 crore.
Highlights
• JSW Energy: The company has signed a contract with GE Renewable Energy for supply of 810 MW of onshore wind turbines for the company’s underconstruction pipeline of 2.5 GW of renewable projects in India. The supply of the turbines will start by the second quarter of CY2022.
• Hero MotoCorp: Introduces XPulse 200 4 Valve adventure motorcycle
• Ratnamani Metals & Tubes: The company has received a new order of Rs 98 crore for the supply of carbon steel pipes from the domestic oil and gas sector, to be executed in 5 to 12 months.
• National Aluminium Co.: A patent has been granted jointly to Jawaharlal Nehru Aluminium Research Development and Design Centre and Nalco by Controller of Patent for an invention entitled "Determination of calcium in alumina hydrate, calcined alumina and process liquor.
• InterGlobe Aviation: Rahul Gangwal, co-promoter of InterGlobe Aviation Ltd. has moved the Delhi High Court to seek enforcement of an arbitral award in his shareholder dispute with co-promoter Rahul Bhatia.
• RBI Monetary Policy Updates: The Monetary Policy Committee (MPC) has decided to maintain status quo and keep the repo rate unchanged at 4 percent. The reverse repo rate will continue to be 3.35 percent.
Disclaimer: This is for educational purpose only. I am not liable for any of your profit or loss. Consult your financial advisor before taking any trade
