NEW DELHI: Indian markets are expected to trade in a range on Thursday tracking muted trend seen in other Asian markets.
"My initial estimate was that India market was looking overbought in the short term charts, so after eight days of one side upmove, we were possibly destine for some kind of profit booking," says Mitesh Thacker, Technical Analyst, miteshthacker.com.
"My initial estimate was that India market was looking overbought in the short term charts, so after eight days of one side upmove, we were possibly destine for some kind of profit booking," says Mitesh Thacker, Technical Analyst, miteshthacker.com.
"Level of 8300 should be the first level to be watched on the downside. Maybe 8240, there is an outside chance that we might hit levels around 8240, but I would again now wait for some kind of reversal signals from lower levels and use that to buy into stocks as well as indices," he adds.
Here is a list of ten stocks which are likely to remain in focus today:
Dena Bank: Government-owned Dena BankBSE -0.98 % and MUDRA Bank signed a general refinance agreement to finance new entrepreneurs and small businesses. To promote very small businesses, the Centre aims to facilitate credit of up to 1 lakh crore under the MUDRA (Micro Units Development and Refinance Agency) scheme during the current financial year.
Adani Enterprises Ltd: The Adani group's ambitious and controversial plan to export Australian coal from a port near the Great Barrier Reef to feed power-hungry households in India has suffered a setback due to delay in securing crucial clearances.
SREI Infrastructure Ltd: Private lenders such as SREI InfrastructureBSE -2.96 % are rolling up their sleeves. The company is on road to raise up to Rs 500 crore in five year bonds, two people familiar with the matter told ET.
Bajaj Corp Ltd: FMCG firm Bajaj CorpBSE -0.36 % is seeking shareholders' nod to raise Rs 1,000 crore by issuing equity shares to institutional buyers through QIP.
NTPC Ltd: India's largest power producer and consumer of coal, has embarked on a near Rs 1,000 crore research and development exercise that will involve groundbreaking work in areas of new and renewable energy, waste management, efficiency improvement and cost reduction.
Infosys Ltd: Infosys could soon become the most influential stock on benchmark indices - Nifty, Sensex and MSCI Index - after the Securities and Exchange Board of India said that existing promoters may be reclassified as public if a company becomes professionally managed and does not have any identifiable promoter.
Bharti Airtel Ltd: the telecom major has accused a former employee of stealing confidential company data for the benefit of rival soon-to-belaunched Reliance Jio Infocomm, in what appears to be a prelude to a bitter battle on the ground between two telcos helmed by India's top billionaires.
Shriram Transport Finance: Shriram Transport Finance CompanyBSE 0.33 % said its board of directors will meet on June 26 to discuss the proposal of merger of Shriram Equipment Finance Company, a wholly owned subsidiary of Shriram Transport, with the former.
Sun TV: Sun TVBSE 0.00 % will be in focus after it fell nearly 13 per cent in the previous session on reports that the Prime Minister's Office has found merit in the Home Ministry's decision to deny the broadcaster security clearance for its 33 channels.
Shriram EPC: The company will hold a meeting of the Board of Directors of the Company on 26 June 2015, to consider & approve the allotments on Preferential Basis Allotment of equity shares to the CDR lenders in lieu of the FITL.
Source: economictimes.indiatimes.com
No comments:
Post a Comment