Chartists consider that the brief time period pattern of Nifty 50 index continues to be constructive with vary certain motion. Picture: Reuters

Nifty futures have been buying and selling 51 factors or 0.32 per cent down at 15,783.50 on Wednesday, suggesting a unfavorable opening for BSE Sensex and Nifty 50. At this time, all eyes could be on Zomato’s Rs 9,375-crore IPO, which is able to open right now at a value band of Rs 72-76 per share. Chartists consider that the brief time period pattern of Nifty 50 index continues to be constructive with vary certain motion. “One might count on additional upside in direction of 15900-15915 ranges within the brief time period earlier than exhibiting subsequent spherical of consolidation. The emergence of energy on the hurdle might solely open a pointy upside breakout of the resistance within the brief time period. Rapid help is positioned at 15710 ranges,” Nagaraj Shetti, Technical Analysis Analyst, HDFC Securities, mentioned.

Shares to look at

Data Edge: Naukri.com’s father or mother firm, Data Edge holds a stake of about 18.55 per cet within the meals supply platform Zomato. Rs 9,375-cr Zomato’s IPO will open for subscription right now, after elevating Rs 4,197 crore from 186 anchor traders on Tuesday.

Infosys, Dodla Dairy: BSE-lisyed firms equivalent to Infosys, Dodla Dairy, Craftsman Automation, L&T Expertise Providers, 5paisa Capital, Alliance Built-in Metaliks, Essar Securities, Hatsun Agro Product, Mishtann Meals, Tasty Dairy Specialities, Tinplate Firm of India, and Vikas EcoTech will launch quarterly earnings on July 14.

Vodafone Concept: Vodafone Concept (Vi) in an change submitting mentioned that it continues to discover fund elevating alternatives and can inform the regulators as soon as proposal to boost Rs 25,000 crore is taken into account by its Board.

Barbeque-Nation Hospitality: ICRA has upgraded credit standing for the financial institution services of Barbeque-Nation Hospitality, firm knowledgeable in a BSE submitting.

Mindtree: Mindtree on Tuesday posted a 61.2 per cent leap in its consolidated web revenue at Rs 343.4 crore for the June quarter and exuded confidence in logging a double-digit income development in FY’22. The corporate had registered a web revenue of Rs 213 crore within the June 2020 quarter.

NTPC: NTPC mentioned on Tuesday that its newly fashioned subsidiary, NTPC Renewable Power, has obtained approval from the Union ministry of recent and renewable power to arrange a 4,750 mega-watt (MW) renewable power park within the Rann of Kutch in Khavada, Gujarat.