The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries – Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.
F&O stocks to buy today: Voltas, Exide among top 9 trading ideas
The index is likely to find some resistance around the 22750-22800 levels while on the downside 22300 is likely to act as a crucial support.