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A clutch of foreign institutional investors (FIIs) along with Nippon Mutual Fund and others are reported to have bought the shares in the company via block deal, according to an ET NOW report. The block deal is expected to be worth Rs 500 crore with shares sold at a 5% discount over the Monday closing price.

At the interbank foreign exchange, the domestic unit opened at 82.80, then touched 82.81, registering a decline of 6 paise over its last close as the RBI monetary policy committee meeting begins on Tuesday. The policy decision will be announced on Thursday.

On the weekly options front, the maximum Call OI is placed at 20,000 and then towards 19,800 strikes while the maximum Put OI is placed at 19,500 and then towards 19,400 strikes.

Deven Choksey says, "Coal India is expected to report higher numbers due to sustained elevated levels of production and better realization from the open options market. Overall the balance sheet looks relatively more positive than what we have seen up till now. Mid-tier pharma companies are also expected to show better performance, particularly those with specialty product portfolios such as Cipla and Sun Pharma."

Promoters held 55.45 per cent stake in the company as of 30-Jun-2023, while FIIs owned 26.22 per cent, DIIs 14.14 per cent.

He sees support in October Gold futures at Rs 59,300-59,000 while resistance at Rs 59,700-59,900. As for September Silver futures, support is seen at Rs 71,000-70,400 and resistance at Rs 72,000-72,500.

Our broad view for the market is that in the short term, we could see a time correction or maybe a price correction more from the fact that the macro data, both in the US and in India, especially on the inflation side, is still looking a bit sticky.

“The total number of securities proposed to be issued to SMC as consideration for the acquisition of 100% stake of SMC in SMG, shall be decided in a subsequent Board Meeting, basis relevant valuation reports subject to and in compliance with the applicable regulatory and statutory framework”, Maruti Suzuki said in a filing to the bourses.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41096.27 Crore) operating in Metals - Ferrous sector.

On the technical charts, the RSI of the stock stood at 58.89.