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Topic :- Time:3.00 PM Nifty spot if manages to old above 16540 level on closing basis then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement will continue in market. -------------------------------------------------------------------------------------------- Topic :- Time:2.00 PM Nifty is turning volatile now. Nifty spot if manages to trade and sustain above 16560 level then expect some upmove and if it breaks and trade below 16520 level then some decline can follow in the market. -------------------------------------------------------------------------------------------- Topic :- Time:1.40 PM Just In: ITC Chairman in Press Conference Demerger of Hotels business is very much on the table Source: Bloomberg -------------------------------------------------------------------------------------------- Topic :- Time:1.35 PM Just In: Gland Pharma at fresh 52-week low as Q1 marred by multiple headwinds. -------------------------------------------------------------------------------------------- Topic :- Time:1.30 PM COPPER Trading View: COPPER is trading at 620.70.If it breaks and trade below 618.80 level then expect some decline in it and if it manages to trade and sustain above 621.50 level then some upmove can follow in it. -------------------------------------------------------------------------------------------- Topic :- Time:1.00 PM Nifty is trading in a range now. Nifty spot if manages to trade and sustain above 16580 level then expect some upmove and if it breaks and trade below 16540 level then some decline can further follow in the market. As nifty is highly rangebound traders are advised to remain stock specific. -------------------------------------------------------------------------------------------- Topic :- Time:12.50 PM Just In: Future Retail to enter insolvency: The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday ordered bankruptcy proceedings against debt-ridden Future Retail Ltd and named an interim resolution professional for the Kishore Biyani-led company. The tribunal, which allowed the insolvency petition filed by Bank of India, also dismissed an intervention application filed by Amazon opposing insolvency proceedings on the grounds that it scuttles its rights. The bench appointed Vijay Kumar Iyer as the interim resolution professional. The existence of debt and default has been proved; therefore, we hereby admit this company petition, a bench of justices Shyam Babu Gautam and Pradeep Narhari Deshmukh said. The bench had reserved its orders on 27 June. As per Para 285 of the EA (emergency arbitration) order, there is no injunction against the lenders from exercising their contractual rights or statutory rights. Further, the banks are exercising their statutory rights in accordance with law as they are not a party to the arbitration proceedings, the NCLT order said. Amazon is expected to challenge the order in the National Company Law Appellate Tribunal (NCLAT). Future Retail owes more than ₹15,000 crore to its creditors led by Bank of India, which alone has dues of ₹856.10 crore. The bank, on 14 April, moved NCLT over non-payment of dues under the terms of their framework agreement. Under Section 7 of the Insolvency and Bankruptcy Code (IBC), the initiation of insolvency proceedings marks the beginning of the moratorium, when other enforcement actions and legal proceedings are paused till the resolution. This bench hereby prohibits the institution of suits or continuation of pending suits or proceedings against the corporate debtor, including the execution of any judgement, decree or order in any court of law, tribunal, arbitration panel or other authority, transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest, the NCLT order said. -------------------------------------------------------------------------------------------- Topic :- Time:12.30 PM NATURALGAS Trading View: NG is trading at 613.60.If it breaks and trade below 613 level then expect some decline in it and it is likely to test 604-605 levels soon and if it manages to trade and sustain above 615.50 level then some pull back can be seen.Before evening session it will be in Sell from rise. -------------------------------------------------------------------------------------------- Topic :- Time:12.00 PM Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 16580 level then expect some pull back in the market and if it breaks and trade below 16560 level then some decline can follow in the Nifty. -------------------------------------------------------------------------------------------- Topic :- Time:11.50 AM Just In: ITC shares hit Rs 300-mark for the first time since May 2019 -------------------------------------------------------------------------------------------- Topic :- Time:11.30 AM News Wrap Up: 1. Sensex up 150 pts; IndusInd Bank soars 5%, IT index recovers 2. UKs Sunak and Truss go through to final stage of leadership contest 3. Sugar stocks sweeten up to 9% on hopes of additional 1 million exports 4. Gland Pharma slips 10%, hits 52-week low on disappointing Q1 results 5. Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022 6. Blackrock, Mubadala to invest in Tatas renewable arm via rights issue 7. Adani Enterprises, scarcely tracked by brokerages, set to enter Nifty 50 8. NITI Aayog moots licensing, regulatory framework for digital banks -------------------------------------------------------------------------------------------- Topic :- Time:11.00 AM After flat to positive opening nifty is trading in green zone. Nifty spot if manages to trade and sustain above 16580 level then expect some further upmove in it and if it breaks and trade below 16540 level then some decline can follow in the market. -------------------------------------------------------------------------------------------- Topic :- Nifty Opening Note Indian Stock Market Trading View For 21 July,2022: Options weekly expiry today.Trade with care as nifty will turn more volatile as the day progresses. Gap up opening expected today. Nifty spot if manages to trade and sustain above 16560 level then expect some further upmove in the market and if it breaks and trade below 16450 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day. --------------------------------------------------------------------------------------------