Facebook has reached an agreement with the Australian government and will restore news pages in the country days after restricting them. The decision follows negotiations between the tech giant and the Australian government, which is set to pass a new media law that will require digital platforms to pay for news.
“After further discussions, we are satisfied that the Australian government has agreed to a number of changes and guarantees that address our core concerns about allowing commercial deals that recognize the value our platform provides to publishers relative to the value we receive from them,” Facebook said in an updated statement.
“As a result of these changes, we can now work to further our investment in public interest journalism and restore news on Facebook for Australians in the coming days,” the company said.
Prime Minister Scott Morrison’s government introduced last-minute changes to the proposed news media bargaining code that is in parliament and is expected to be voted into law soon. The bill was introduced in parliament last December.
The law, if passed, will make digital platforms pay local media outlets and publishers to link their content in news feeds or search results.
Under the amendments to the proposed bill, the Australian government will take into account commercial agreements that digital platforms like Google and Facebook have already made with local news media businesses before deciding if the code applies to the tech giants.
The government will also give the digital platforms one month’s notice before reaching the final decision. It will also include a two-month mediation period to allow digital platforms and publishers to broker deals before they are made to enter arbitration as a last resort.
IT Stocks Drags on Monday’s Trade. Tech Mahindra Leads the Pack losing 3.32%. What’s Ahead Now?
Tech Mahindra Ltd
NSE :TECHM BSE :532755 Sector : IT – Software
About Company: Tech Mahindra is a leading provider of consulting-led integrated portfolio services to customers which are Telecom Equipment Manufacturers, Telecom Service Providers and IT Infrastructure Service Providers, Business Process Outsourcing Service Providers as well as Enterprise Solutions Services (BFSI, Retail & Logistics, Manufacturing, Energy and Utility (E&U), and Healthcare, Life Sciences, etc.) of Information Technology (IT) and IT-enabled services delivered through a network of multiple locations around the globe. It also provides comprehensive range of IT services, including IT enabled services, application development and maintenance, consulting and enterprise business solutions, extended engineering solutions and infrastructure management services to a diversified base of corporate customers in a wide range of industries including insurance, banking and financial services, manufacturing, telecommunications, transportation and engineering services.

Technical Outlook of TechM:
Stock lost 3.32% today as profit booking was seen across the IT sector. But as far as technical Setup is concerned stock is still intact and up trending. Stock today took support at 10-Day EMA. Which provides to accumulate stock on correction. All the moving averages 10,20,50,100 are aligned in a linear pattern. We suggest short term traders to go long on stock 1475 for the targets of 1550, keep stop loss below 1418 level.
HDFC Life Insurance Stock 3.25% on Friday. Is this right time to Buy Stock?
HDFC Life Insurance Company Ltd
NSE :HDFCLIFE BSE :540777 Sector : Insurance

Technical Outlook on HDFCLIFE:
On Friday 03-Sept-2021, HDFC Life Insurance corrected 3.25% on NSE and closed at 734.40.
Stock on the Daily charts in trading above all Major exponential moving averages i.e. 10-20-50-100-200 which suggest long term and short term trend for the stock is still positive and there is more room for upside in the stock. As Stock broke trendline resistance on upside and now it will act as stock support for the stock
On Correction we recommend accumulating stock. For Short term traders stock is best buy around 715-725 level with stop loss placed below 700 and targets on the upside are 800- 850 in the next 30-60 Days.
Why GUJARAT GAS Stock Corrected 4.49% on Friday’s Trading Session?
Gujarat Gas Ltd
NSE :GUJGASLTD BSE :539336 Sector : Miscellaneous
About Company: Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India. The business of natural gas involves distribution of gas from sources of supply to centers of demand and to end customers. GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments in the areas of South & Central Gujarat and Saurashtra.
News in Stock: CLSA on Gujarat Gas: The brokerage has downgraded the stock to ‘sell’ from ‘outperform’, with a target price of Rs 690. Though the Q1 show was strong, the performance may be tough to repeat, according to CLSA.
Daily Chart of GUJGASLTD:

Technical Outlook of Gujrat Gas Limited:
Stock on Friday, Aug 07, 2021 closed at 737.40 losing 4.49% on NSE. After the brokerage firm CLSA down stock from Outperform to sell. Though technical indicators have shown no signs of weakness yet but stock looks over bought on daily charts and a healthy correction is needed for the stock.
Huge selling pressure on the stock prices has been seen which may further continue for the next few trading sessions. Stock may remain under pressure. We recommend traders and investors in the stock to book profits and again renter on lower levels around support at 690-680. Till then wait for the better opportunity in the stock and let the prices settle around supports.
Here is Why HDFCBANK Share Prices Fall More Then 3% on Monday?
HDFC Bank Ltd
NSE :HDFCBANK BSE :500180 Sector : Banks
About Company: The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. HDFC Bank is a publicly held banking company, the bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. It is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is promoted by HDFC Ltd. which has 19.32% stake as on September 30, 2020. Currently, HDFC Bank Ltd. (HBL) is the largest private sector bank in India. As on March 31, 2020, the bank’s total balance sheet size stood at Rs. 15,30,511 Cr.
News in Stock: Today Stock corrected post Q1 FY22 Results announcement, HDFC Bank’s consolidated net profit for the June quarter increased 14 per cent to Rs 7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic which compressed its growth. When compared with the preceding March quarter’s Rs 8,434 crore, there was a decline in the consolidated profit.
Daily Chart of HDFCBANK:

Technical Outlook of HDFCBANK:
HDFCBANK stock corrected 3.37% and closed at 1471.00 on NSE. Gap down opening was seen in stock and slides more during intraday trading session. Heavy weight banking stock created pressure on the Bank Index. Today’s Q1 results announcement in HDFCBANK can hamper the market mood for the next few trading sessions. Stock was trading in an “upwards sloping channel pattern” as marked on the chart above. On the Flip side today on Monday 19th July 21 stock broke the channel pattern support and closed below it, but managed to close at 100 Days exponential moving average which lies at 1471. If stock sustains below 1471 in the next trading session stock can further slide to lower levels at 1455 and 1428, EquityPandit suggest swing traders to go short on the stock below 1465 for the targets of 1428 with stop loss placed above today’s highs 1488.85
Why HDFCLIFE Share Price dropped 4%? What’s news in stock?
HDFC Life Insurance Company Ltd
NSE :HDFCLIFE BSE :540777 Sector : Insurance
About Company: HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings
New in Stock: Standard Life (Mauritius Holdings) is to sell 7 crore, or about 3.46 percent of total shares of HDFC Life Insurance Company through block deals on June 29. The price range of the block deal book has been fixed at Rs.658 to 678 per share (5.8 percent-2.7 percent discount to the stock’s closing of Rs.696 on NSE on June 28).
JP Morgan India and BoFA Securities India are the joint bookrunners of the deal. The base offer size of the deal is Rs 4,606 crore at the lower end of the offer price range. As of the shareholding data available with BSE, Standard Life (Mauritius Holdings) held 17,95,39,209 shares, or 8.88 percent stake, of HDFC Life at the end of March quarter of FY21.
Daily Chart of HDFCLIFE:

Technical Outlook of HDFCLIFE:
Stock closed at 696.20 on NSE. A correction of 4.1% was seen in Monday’s trading session. Stock today broke 10 and 20 Exponential moving averages which indicate the short term trend is negative and stock may see correction for the couple of trading sessions. Stock may find support around 688- 680 level around trendline support and 50 EMA. As overall trend for the stock is still up hence We suggest to buy stock on correction between 688- 680 for the targets 725- 740 with stop loss placed below 669 level on closing basis.