Stock Ideas – Morning Updates | Glenmark Life Sciences IPO | Rolex Rings IPO | English | 30th July

In this video, we have spoken about Market Outlook for the Day. Watch this video to know more.

#premarketnews #5paisamorningcuppa #stockideas #glenmarklifesciences #rolexrings #ipo #fii #dii

Nifty Outlook:
Nifty finds important support around 15700 while 15850 will act as resistance.

Bank Nifty:
Bank Nifty finds support around 34450 while 34800 will act as resistance.

Stock Ideas
Derivative Future Call Intraday: TATASTEEL FUT BUY ABOVE 1479 SL 1469 TGT 1490

Note: Stock recommendations presented here are solely those of experts and analysts quoted. They do not represent the opinions of 5paisa on whether to buy, sell or hold shares of a particular stock.

Stocks in News:
Tech Mahindra: The company reported a sharp increase in profit at Rs 1,353.2 crore in Q1FY22, revenue rose to Rs 10,197.6 crore

JK Lakshmi Cement: The company reported higher standalone net profit at Rs 118.7 crore in Q1FY22, revenue surged to Rs 1,231.5 crore.

TVS Motor Company: The company reported profit of Rs 53.1 crore in Q1FY22, revenue jumped to Rs 3,934.4 crore.

IPO Update:
Glenmark Life Sciences IPO: Glenmark Life Sciences was subscribed 44.17 times at the end of day 3 of bidding. The IPO received bids for 66.32 crore shares against an offer of 1.5 crore shares.

Rolex Rings IPO: Rolex Rings IPO was subscribed 9.26 times at the end of day 2 of bidding.
The IPO received bids for 5.26 crore shares against an offer of 56 lakh shares.

Results today:
Britannia Industries, Sun Pharmaceutical Industries, UPL, Bandhan Bank, Indian Oil Corporation, Aditya Birla Fashion and Retail, Allied Digital Services, Asahi India Glass, Bharat Heavy Electricals

FII and DII data:
Foreign institutional investors (FIIs) net sold shares worth Rs 866.26 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 2,046.96 crore in the Indian equity market on July 29, as per provisional data available on the NSE.

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