Stocks To Watch: Asian Paints, Canara Bank, Fortis, PC Jeweller

Gold Silver Reports (GSR) – Stocks To Watch: Asian Paints, Canara Bank, Fortis, PC Jeweller – Indian equity benchmarks halted their three-day gains dragged by Tata Motors, Sun Pharma, ITC and TCS. The S&P BSE Sensex fell 0.21 percent or 73 points to 35,246 and the NSE Nifty 50 index slipped 0.23 percent or 25 points to 10,716.         

Stocks To Watch In Friday’s Trade   

📌 PC Jeweller’s board approves buyback of 1.2 crore shares not exceeding Rs 424 crore at a price of Rs 350 per share.

📌 Reliance Jio announces new postpaid plan starting Rs 199 per month.

📌 Pennar Industries receives multiple orders worth Rs 492 crore.

📌 Shree Pushkar Chemicals and Fertilizers board approves preferential allotment of equity to promoter group.

📌 Sharon bio-medicine gets Maharashtra Pollution Control Board approval to operate Taloja API plant.

F&O Setup

📌 Nifty May Futures closed trading at 10,725 with premium of 8 points versus 27.6 points.

📌 All series-Nifty open interest down 1 percent and Bank Nifty open interest down 7 percent.

📌 India VIX ended at 14.4, up 1 percent.

📌 Max open interest for May series at 11,000, open interest at 58.2 lakh, open interest up 8 percent.

📌 Max open interest for May series at 10,500, open interest at 54.6 lakh, open interest down 4 percent.

F&O Ban

📌 In ban: Balrampur Chini, Dewan Housing, IRB Infrastructure, Jet Airways, Justdial, Wockhardt, PC Jeweller

📌 New in ban: None

📌 Out of ban: None

📌 Only intraday positions can be taken in stocks under F&O ban. There is a penalty in case of a rollover of these positions.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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