📌IndusInd Bank lender has announced the sale of its microfinance institution (MFI) retail loan pool. 📌Gensol Engineering has secured an EPC contract worth Rs 897.47 crore from NTPC Renewable Energy Development. 📌Power Mech Projects has secured a Rs 186 crore order from Jaiprakash Power Ventures. 📌Jubilant FoodWorks has entered into a Memorandum of Understanding (MoU) with Coca-Cola India.
Open Flip📌For traders now, the immediate breakout level for Nifty is 23,850, or the 200-day SMA. 📌For Bank Nifty, the 200-Days Simple Moving Average (200-DSMA) is placed at around 50,560. 📌A combination of thin holiday trading and weak global cues kept investors on edge. 📌Stocks to buy: InterGlobe Aviation Ltd (Indigo), Man Infraconstruction Ltd , Union Bank of India, HPCL.
Open FlipJapanese equities opened higher Friday on the yen’s weakness, following a lackluster day on Wall Street that saw muted moves in stocks and government bonds. Shares in Tokyo rose after the yen dropped to a five-month low of 158 per dollar in the previous session, following Bank of Japan Governor Kazuo Ueda’s comments Wednesday that avoided giving a clear signal on interest rates next month.
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