The market outlook suggests a weaker start for the day. The main impact on investors’ sentiments in today’s session would be of fading hopes over prospects for a phase one trade deal between Washington D.C. and Beijing. FPIs extended their selling streak for the third straight day on Monday as they sold shares worth Rs. 270.66 crores in yesterday’s trade. At the time of writing, the SGX Nifty was trading down by 29 points at 11,894 levels.

Bharat Petroleum Corporation Limited (BPCL) has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Every coin has a flip side and mutual funds are no different in that sense. Fund managers not just buy stocks, selling those is also a part of their jobs. Hence, it is equally important to know what they are selling.

The company has signed a pact with Lithium Urban Technologies, a commercial EV fleet provider, to address mobility solutions across the passenger, mass transit, and the freight segments.

The BHEL informed that it has commissioned two more pumping units, each at Package-6 (7x116 MW) and Package-8 (7x139 MW) of Kaleshwaram Lift Irrigation Scheme (LIS). 

The Nashik-based highway developer, Ashoka Buildcon Limited's subsidiary has emerged as the L1 bidder for a road construction project in Telangana.

Under this, the company is planning to expand a 96,000 TPA ferro chrome and 10 MW waste heat recovery boiler at Kalinga Nagar, Jajpur, Odisha. It has planned a capex of Rs. 547.19 crores for the above mentioned expansion project and the same has been approved by the state government as well.

The same press release also had a statement, informing that the company has been appointed as a selling agent for the disposal of movable or immovable items, all surplus scrap materials and secondary arising scraps (ferrous and non-ferrous), equipment, plants, and machinery. 

The company has submitted its revised bid to acquire the bankruptcy-bound Jaypee Infratech, by offering lenders 1,426 acres of land instead of previously promised 950 acres. 

After a ferocious Friday, the markets witnessed selling pressure in the last hour of trade, resulting in the markets to close on a flat note. On Friday, FPIs pushed the sell button for the second straight day in a row for the first time this month as they were the net sellers to the tune of Rs. 1,008 crores and combined selling for the last two days stand at Rs. 1,570 crores.