(MENAFNEditorial) Nifty futures/Bank Nifty futures market closed on 10101 / 24853 According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 10142 will be small resistance for Nifty futures and at the same time 24986 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 10190 level and Bank Nifty futures can touch 25098 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in reveres there is small support on 1087 for Nifty futures and 24793 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 9972 and 24280 for Bank Nifty futures.
NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
LUPIN RECEIVES USFDA APPROVAL FOR GENERIC FLAGYL TABLETS : - Pharma major,Lupin announced that it has received final approval for its Metronidazole tablets USP, 250 mg and 500 mg from the Unites States Food and Drug Administration (USFDA) to market a generic version of G.D. Searle LLCs Flagyl , 250 mg and 500 mg. Lupins Metronidazole tablets USP, 250 mg are the AB rated generic equivalent of G.D. Searle LLCs Flagyl tablets 250 mg and 500 mg. It is indicated in the treatment of wide variety of infections which are caused by particular types of bacteria and other infectious organisms.
Lupin Limited is a pharmaceutical company. The company is engaged in producing, developing and marketing a range of branded and generic formulations, biotechnology products and active pharmaceutical ingredients across the world. The Company offers products in the cardiovascular, diabetology, asthma, paediatrics etc.
WIPRO WINS SEVEN-YEAR CONTRACT FROM EUROPEAN ENERGY COMPANY : - IT major,Wipro Ltdannounced that the company has been awarded a seven-year contract by Innogy SE to manage their data center and cloud services. Innogy SE is an established European energy company. With its three business areas of renewables, grid and infrastructure and retail, it is well equipped for the work ahead in a modern, decarbonised, decentralised and digital energy world. Wipro will leverage its BoundaryLess Data Center offering to help Innogy drive a transformation program to rationalise, virtualise and consolidate their IT infrastructure.
TCS JAPAN LAUNCHES IGNIO, AI FOR IT OPERATIONS : - Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced the launch of ignio in Japan, the companys award-winning cognitive automation solution for IT operations. Ignios pre-built knowledge on IT applications and infrastructure enables it to focus on delivering smarter and faster decision-making by building contextual awareness of the business environment in which it is deployed. The resulting clarity in the state of IT operations allows enterprises to predict and prevent problems with greater speed and accuracy and produce marked improvements in operational efficiency, thus allowing organizing to become more agile, robust and productive.
SAILS RETAIL SALES GETS BOOST WITH NEW CAMPAIGN : - It is running a nationwide campaign which is aimed at boosting steel consumption in country. This has started to reflect positively through the dealer sales numbers, which recorded 18% jump in the month of August 2017 over the corresponding period last year selling 91,000 tonnes of steel in the month, said a Steel Ministry release.
SAIL targets to sell 1 Million Tonnes steel through its dealer network this financial year and aims at doubling it in next three financial years, as per the directions from Steel Minister Birender Singh who has asked the company to go for smart marketing. SAIL had identified the potential of rural markets for enhancing steel consumption which is currently around 10 kgs per capita per year as against around 150 Kg per capita consumption in Urban India. The Gaon ki orecampaign is designed to familiarise end users at the grass-root level, especially of rural areas, with innovative usage of SAIL steel and its applications and advantages in construction, household equipment and agriculture.
COAL INDIA GAINS ON DIVERSIFICATION PLAN : - The shares ofCoal Indiasurged by over 1% during Fridays trading session on the back of the news that the company is likely to diversify its core business of coal extraction. The company is planning to become a full-fledged mining company in a bid to mitigate the growing pressure from renewable energy.Betting on the core competence in mining, the coal behemoth is planning to foray into mining of iron ore, bauxite, copper and nickel, Mining is our strength,the companys interim chairman Gopal Singh said while addressing the shareholders at the company's annual general meeting.Because of the expertise in mining, CIL will be very successful in whatever mining venture it undertakes.
HFCL GAINS ON EXIT FROM CDR MECHANISM : - The share ofHimachal Futuristic Communications Ltdsurged by over 4% during Thursdays trading sessionafter the company informed that it is no longer under Corporate Debt Restructuring CDR mechanism enacted in the scheme evolved by the Reserve Bank of India to ensure a timely and transparent mechanism for restructuring of corporate debts of viable entities facing problems, for the benefit of all concerned.
Himachal Futuristic Communications Limited is a telecom infrastructure enabler. The companys activities span across infrastructure development, system integration, and manufacture and supply of telecom equipment and Optic Fiber Cable (OFC).
SPICEJET DEPOSITS RS 250 CRORE WITH DELHI COURT TO COMPLY WITH ORDERS :- SpiceJet has informed that the company has deposited Rs 250 crore with the Registrar General of High Court of Delhi on September 14, 2017, in compliance with the court's earlier order. The Supreme Court on July 28 dismissed the appeals of SpiceJet challenging the Delhi High Court verdict asking it to deposit Rs 579 crore in connection with a share transfer dispute with its previous owner Kalanithi Maran. However, the bench had provided it some relief by allowing it to deposit the amount in two parts. It had said part of the amount could be secured by a cash deposit of Rs 250 crore and the balance by a bank guarantee of Rs 329 crore. "With the deposit of above said Rs 250 crore and furnishing of bank guarantee of Rs 329 crore on August 14, 2017 with the Registrar General of High Court of Delhi, the company has complied with the above said orders,"
NTPC COMMISSIONS 40MW OF ROJMAL WIND ENERGY PROJECT : - NTPCannounced that 40 MW out of 50 MW of Rojmal Wind Energy Project of NTPC in Gujarat has been commissioned. With this, the total installed capacity of NTPC onstandalonebasis has become 44482 MW and that of NTPC group has become 51698 MW. Further, Unit 2 of 250 MW of Nabinagar Thermal Power Project (4 X 250 MW) of Bhartiya Rail Bijlee Company, a subsidiary of NTPC is declared on commercial operation w.e.f 00:00 Hours of September 10, 2017.With this, the commercial capacity of BRBCL and NTPC group has become 500 MW and 48788 MW respectively.
BPCL GETS MAHARATNA STATUS : - The government of India has conferredBharat Petroleum Corporation Limitedwith Maharatna Status. Accordingly, BPCL is empowered to exercise the powers of a Maharatna company as governed by relevant guidelines issued by Department of Public Enterprises. Following is the criteria for grant of Maharatna status: -
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