Showing posts with label Forex Tips. Show all posts
TOP CORPORATE NEWS 15 September 2014
By : Simran Shah
·
Yes Bank falls further, FIIs need
RBI nod to buy shares
Shares of
Yes Bank declined further to 4% after the Reserve Bank of India on Friday said
the foreign investors will need RBI's approval to buy additional equity in the
private sector lender.
·
LIC Housing to focus on high
yielding products
LIC Housing
Finance Ltd expects margins to improve led by reduction in its borrowings from
the banks and focus on high yielding loans like loan against properties.
·
RIL's $10 billion investment
depends on government approval
Reliance
Industries $10 billion investment in new fields off the east coast depends on
the government approving acceptable gas price, says its partner in KG D6 basin,
Niko Resources during its annual general meeting.
·
Mastek up 15%, to merge insurance
products & services biz
Shares of Mastek are
roaring with hefty gains after it announced demerger of the insurance products
and services business into a separate listed company.
INDIAN BENCHMARK open higher with the Nifty rising above 7900
By : Simran Shah
INDIAN BENCHMARK open higher with the Nifty rising
above 7900 level supported by positive global cues, and capital goods, oil
& gas, banks and metals stocks.
FURTHER, Aurobindo Pharma will be
expanding the capacity of its active pharmaceutical ingredients ( APIs) unit
(unit-11) in Vizag this fiscal. Indian Oil Corp is reportedly planning to raise
processing of cheaper crude oil varieties to 30% by 2017-18.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Monday while the DIIs
were net buyers of Rs. 490cr, as per the provisional figures released by
the NSE.
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INDIAN BENCHMARKS end at 5- week low…Broader markets crash
By : Simran Shah
INDIAN
EQUITY BENCHMARKS ended at 5-week closing low dragged by heavy profit booking
even investors sought the safety of defensive shares. Market
fell after government said that General Anti-Avoidance Rules (GAAR) will be
applicable from April 1, 2015. Market was hoping the government would defer
GAAR to 2017.
· 1.
Further, Banking shares mainly PSUs fell for
seventh straight session, touching over one-month low as the government has
decided to reduce its stake in the public sector banks.
· 2.
Jain Irrigation Systems saw selling pressure on
a 21 percent reduction in overall subsidy under National Mission on Sustainable
Agriculture by Finance Minister Arun Jaitley in maiden Union Budget 2014-15.
The
crucial resistance for Nifty is now seen at 7625 and above this 7730.
Support for the immediate term is now placed at 7440 and next
support will be 7360.
