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Indian Stock Market Trading View For 4 March,2021:
Cautious approach is required from current level. Nifty is likely to turn volatile. In commodities Basemetals are highly volatile.
Nifty spot if manages to trade and sustain above 15280 level then expect some further upmove in the market and if it breaks and trade below 15200 level then some decline can be observed in the market. Please note this is just opening view and should not be considered as the view for the whole day.
Stocks in the news
Indian Bank: CRISIL revised banks Tier 1, Tier 2 and Infrastructure Bonds ratings to stable from negative.
IRCON International: The government to sell 6% additional stake via offer for sale on March 4. The company bagged letter of award worth Rs 187.80 crore from Railway Ministry.
VST Tillers Tractors: The company will invest $1.5 million in Zimeno Inc.
IRCTC: The company will operate trips through Golden Chariot from March 14.
Union Bank of India: ICRA assigned AA+(HYB)/Negative as credit rating to the banks proposed Basel III Compliant Tier-II bonds aggregating up to Rs 2,000 crore.
Techno Electric & Engineering Company: SBI MF reduced stake in the company to 6.13% from 7.12% via open market sale.
Bajaj Electricals: The company and Mahindra Logistics signed an agreement for innovative logistics optimisation and outsourcing arrangement.
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Topic :- Stocks under F&O ban on NSE
1. Indiabulls Housing Finance
2. Sail
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