Morning Calls

RBI discontinues issuance of LoUs/LoCs for trade credits on imports by AD Category-I banks. #YesBank acquired 17.31 percent stake of Fortis Healthcare pursuant to invocation of pledge. IHH to make voluntary open offer for Fortis to buy non promoter shares. Future...

Weekly Report on 13.03.2018

Within a general intermediate downtrend, Nifty pulled back on Monday. However, the market breadth remained poor & resistance looms at 10460 till 10480 regions. Primary uptrend will be resumed only above 10700. In a generally declining market, IT stocks are...

Morning Calls

Tata Sons plans to raise Rs 8,000 cr by selling shares in Tata Consultancy Services, 28.3 mn shares (1.48%) at Rs 2,872-2,925 per share. Tata Sons will hold a little over 72% in TCS post the transaction. Stock could be down today. Reliance Infra JV is lowest bidder...