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"Exit poll results of five states on Friday could trigger a knee-jerk reaction and intra-day volatility is not ruled out. Technically, Nifty could find support at 19,991-19,751 levels and resistance in the 20,251-20,501 range," said Prashanth Tapse, Senior VP (Research), Mehta Equities.
On the stock-specific front, RR Kabel, UltraTech Cement, Zee, Hinduja Global, Zee, Thomas Cook, Nykaa and some other counters will be in focus today.
Shares of Zee Entertainment Enterprises Ltd fell 2.39% to close at Rs 249.60 in the previous trading session. In response to exchanges' query on Zee-Sony merger, the company said it is currently working towards a successful closure of the proposed amalgamation as per the composite scheme of arrangement approved by the NCLT.
Shares of recently-listed RR Kabel slipped 0.83% to close at Rs 1,645.10. The company, in its reply to bourses, said, "The Income Tax (I-T) department is conducting a search at some of its offices and manufacturing units."
Zenith Exports shares surged 4.97% to close at Rs 160.40. Stock exchanges have sought clarification from the company on the sudden rise in its share price.
Shares of Hinduja Global Solutions rose 0.76% to settle at Rs 955.30. BSE has sought clarification from Hinduja on the reported I-T survey.
Shares of Elpro International shed 0.31% to close at Rs 93.43. Elpro said it "has has acquired equity shares of Central Depository Services (India) Ltd.
Shares of Thomas Cook dived 4.55% to settle at Rs 158.25. Mumbai-based travel agency Thomas Cook said its promoter Fairbridge Capital (Mauritius) is looking to sell up to 8.5% stake in the company through an offer for sale (OFS).
Shares of FSN E-Commerce Ventures, Nykaa's parent, climbed 1.59% to close at Rs 172.15. Metro Brands shares settled with 1.99% gains at Rs 1,325.65. New York-based athletic retailer, Foot Locker, has announced the signing of a long-term licensing agreement with Metro Brands and Nykaa Fashion.
Shares of UltraTech Cement inched 0.02% lower to close at Rs 8,726.55. The company said it has acquired a 0.54 mtpa cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, at a consideration of Rs 169.79 crore.
Shares of Karur Vysya Bank moved 1.29% up to settle at Rs 153.25. Reserve Bank of India (RBI) has given its approval to SBI Mutual Fund for acquiring up to 9.99% of the paid-up share capital or voting rights of Karur Vysya Bank.
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