Market may open on a flat note as SGX Nifty is trading up by 11 points.
Nifty has made bullish candles on the daily chart for two consecutive days and now 10410-10420 will be the level of support. 10660 around level can be considered as a resistance zone.
🎯 News & Impact 🎯
Major Results Today :
L&T, NTPC
🎯 Cadila Healthcare :
Cadila to raise up to Rs. 10,000 crore via QIP issue and up to Rs. 5,000 crore via issue of FCCBs.
🎯 Sundaram Finance :
Sundaram Finance Holdings to amalgamate Sundaram BPO India with Sundaram Business Services.GIC announced 1:1 bonus issue.
🎯 Himatsingka Seide :
Himatsingka Seide subsidiary’s retail division to be demerged from self.
🎯 DCM Foods :
Company approved modernisation of first extrusion line which will add 3,800 MT per annum to its capacity.
🎯 Dilip Buildcon :
Company declared L1 bidder for NHAI project in Karnataka for Rs.1,027 crore.
🎯 Lakshmi Vilas Bank :
Bank in talks with banks, PE funds to sell up to 26 % equity.
🎯 IDBI Bank :
Bank approved divestment of part stake in IDBI Asset Management.
The Board has initiated divestment of partial stake in IDBI AMC to a strategic investor.
🎯 Adani Enterprises :
Company sells 51% stake in Adani Chendipada Mining.
🎯 DB Corp :
Company approved buyback proposal for an aggregate amount of up to Rs.312.80 crore.
🎯 Punj Lloyd :
Board meeting on May 30, 2018 to consider and approve a proposal to restructure the outstanding credit facilities.
🎯 United Breweries :
The firm launched AMSTEL Beer in its super premium strong beer category.
🎯 Torrent Pharma :
Company issues commercial papers worth Rs.300 crore.
🎯 PNC Infratech :
Company declared the L1 (lowest) bidder for NHAI Project of Rs.1157 crore.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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