Showing posts with label positional calls. Show all posts
INDIAN BENCHMARKS slip on profit taking… Nifty holds 8,150
INDIAN EQUITY BENCHMARKS
ended lower, amid weak European cues, as investors turned cautious and
booked profits at higher levels after hit fresh record highs in the
previous session.
• Hindalco ended down 0.6% ahead of the SC verdict on the Mahan Coal block allocated to the company eight years ago to feed its aluminium plant in Madhya Pradesh.
• Further, Larsen & Toubro acquired 50% of the stake in L&T-Ramboll Consulting Engineers Ltd (LTR) from its joint venture partner Ramboll Denmark AS.
The crucial resistance for Nifty is now seen at 8180 and above this 8210. Support for the immediate term is now placed at 8125 and next support will be 8105.
NEWS TO WATCH:
• Watch out for the CPI and IIP data on 12TH Sep. 2014.
• Watch out for the Trade balance ,Export and Import data on 12TH Sep. 2014
• Hindalco ended down 0.6% ahead of the SC verdict on the Mahan Coal block allocated to the company eight years ago to feed its aluminium plant in Madhya Pradesh.
• Further, Larsen & Toubro acquired 50% of the stake in L&T-Ramboll Consulting Engineers Ltd (LTR) from its joint venture partner Ramboll Denmark AS.
The crucial resistance for Nifty is now seen at 8180 and above this 8210. Support for the immediate term is now placed at 8125 and next support will be 8105.
NEWS TO WATCH:
• Watch out for the CPI and IIP data on 12TH Sep. 2014.
• Watch out for the Trade balance ,Export and Import data on 12TH Sep. 2014
TOP CORPORATE NEWS 26 August 2014
· ONGC slumps on reports of disinvestment
ONGC fell nearly 4%, on reports of disinvestment. Government has decided to disinvest 5% stake in the company via offer for sale mechanism. The procedure of disinvestment is expected to be completed by the end of the month of September.
· Havells India rises after stock split
Havells India jumped over 12% and after stock split. Havells India split each equity share of face value Rs5 each into five equity shares of Re1 each., with trading starting as of today, (August 26, 2014).
· Reliance Power opts out of gas-fired power plant in Dadri
Reliance Power told the Supreme Court that it wasn't interested in setting up gas-fired power plant in Dadri, Uttar Pradesh, any more and would return about 956 acres of land acquired for the company to the state government.
· L&T signs contract for 225 Mw
Bangladesh Power Development Board and Larsen & Toubro (L&T) have signed a contract to set up a 225 megawatt, gas-based power plant in sikalbaha, Chittagong in Bangladesh. The contract, which is valued at about $200 million, was secured by L&T in May, 2014.
Sensex bounces back into positive zone
the S&P BSE Sensex is trading at 26,044 up 53 points, while NSE Nifty is trading at 7,780 up 31 points.
BSE Mid-cap is down 0.47% at 9,096, while BSE Small-cap is down 0.52% at 9,915.
Some buying activity is seen in banking, oil & gas, consumer
durables, FMCG and healthcare sectors, while capital goods, realty,
metal, auto and IT sectors are showing weakness on BSE.
Bharti Airtel, Gail, Dr Reddy's Lab, ITC, ICICI Bank, M&M and Cipla are among the gainers, whereas L&T, Tata Power, SSLT, Tata Motors, SBI, Tata Steel and BHEL are losing sheen on BSE.
