Intraday Tips for Today 21st August

The BSE Sensex is trading at 31,629 up 104 points, while Nifty is trading at 9,878 up 40 points. A total of 25 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.34% at 15,259, while BSE Small-cap Index is trading up 0.48% at 15,692. Nifty finds strong support around 9,750 while 9,870 will act as resistance. There are 38 advances and 13 declines in Nifty50 index. Infosys downfall has been restricting the upside movement of the benchmark indices.

Intraday Tips for Today 21st August

Indian Oil
Indian Oil gets 700 crore rupees per year from the Center for Paradip Refinery The Odisha government will provide an interest-free loan for 15 years from the financial year 2017. The Odisha government will also give tax rebate to the refinery.

IDBI Bank plans to sell shares in CCIL and SIDBI till September. Talks with buyers for selling shares in IDBI Bank’s CCIL and SIDBI are continuing.

HDFC Standard Life has applied for an IPO. HDFC Standard Life will sell 14.97 percent of the IPO. HDFC’s 9.55 percent stake will be sold in the IPO segment, while Standard Life will sell 5.42 percent of the shares.

Reliance capital
Reliance Capital has applied for an IPO of AMC business.

Laurus lab
The US FDA has inspected the Visakhapatnam unit of Laura Lab. The US FDA has issued two objections to the Visakhapatnam unit. The US FDA has accused the data of disturbances.