DSIJ Mindshare

As per CARE Ratings’ report, the rating strengths are tempered due to an increase in the debt levels, significant decline in market capitalisation, which along with high promoter pledge is expected to significantly impact financial flexibility, high working capital cycle, refinancing risk and the intense competition in the retail industry.

The global telecommunication company, Bharti Airtel Limited will report its Q1FY21 result today. Here is a sneak-peak to the stock’s technical position.

In yesterday's trading session i.e on Tuesday the stock call options with underlying SBI , ICICI Bank and Tata Motors were in demand.

Early trends from SGX Nifty suggests there is no stopping for the bulls on D-Street. This is despite negative cues from the global peers. At 7:50 AM, SGX Nifty trades up by 38.50 points at 11,323 level. Mumbai, financial capital of India, reported its lowest single day Covid-19 cases in three months on highest single-day testing.

On the upside, the zone of 11,350-11,377 is likely to act as a resistance zone whereas, on the downside, immediate support is seen around at levels of 11,225-11,240, which is at the upper end of the consolidation range. Stocks in news: Hindustan Media Venture, TCS, Havells, Bank of Baroda.