Showing posts with label equity services. Show all posts
TOP CORPORATE NEWS 15 September 2014
·
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 lower, amid weak global cues,
INDIAN BENCHMARK open lower, amid weak global cues, as weak industrial
growth in July is likely to weigh on investor sentiment. Inflation data based on wholesale price index (WPI) for August to be
released later today.
FURTHER, SAIL will be in under
pressure after the process for the 5% stake sale by the government will
commence this week. Lupin Ltd has entered into an agreement with US-based
Salix Pharmaceuticals to market gastrointestinal drugs in Canada.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Friday while the DIIs
were net sellers of Rs. 208cr, as per the provisional figures released by
the NSE.
INDIAN BENCHMARKS surges…Nifty past 8,000 to record high
INDIAN EQUITY BENCHMARKS
surged with nifty past the psychologically important 8,000 level for
the first time gained after better-than-expected quarterly GDP data.
• Voltas gained 2 percent as Bank of America Merrill Lynch reiterates buy rating on the stock with an increased target price of Rs 305 per share.
• Further, Bharti Airtel climbed 1.7 percent after Airtel Network Kenya has acquired 2.7 million subscribers of Essar telecommunications Kenya.
The crucial resistance for Nifty is now seen at 8035 and above this 8070. Support for the immediate term is now placed at 7980 and next support will be 7920.
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