Nifty May Fall Up To 15,800

After rising from 7,500 to over 18,000, the Nifty has been consolidating since mid-October 2021. Looking at the fall of the last 30 days, it seems like the Nifty could further correct from present levels.

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Max Healthcare To Acquire Stake In Eqova Healthcare

Max Healthcare Institute Ltd. announced acquisition of equity stake in Eqova Healthcare.

  • Shares equivalent to 26% of stake in Eqova shall be acquired in the first tranche. The cost of acquisition of tranche 1 shares if Rs 47.18 crore.
  • The acquisition of remaining equity stake will be completed in a phased manner.
  • Eqova has long-term exclusive rights to aid development of and provide medical services to a 400-bed hospital to be built on Patparganj, Delhi.

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Stock Market Recommendations [04-02-2022]

Stock Market Recommendations [04-02-2022] : India’s stock benchmarksfell, dragged bylosses in information technology, realty stocks. The S&P BSE Sensex fell 0.29% to 58,620.01. The NSE Nifty 50 alsodeclined by similar magnitude to 17,503.90.

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