Index Trends And Stocks In Action June 18, 2015

The Indian Benchmark indices ended with marginal losses on Friday amid highly volatile trading session. Profit taking was seen on back tension lingering about the Greece debt crisis. The Capital Goods, Banking, Metals and Power Stocks were among top laggards. The end of the day’s action has formed an inside candlestick pattern. Now going forward immediate hurdle for the market is in the range of 8430-8500.if the index fails to cross this hurdle in coming sessions, it would signs of pullback rally coming to end. On the downside important support for the index is around 8330 and if it sustains below 8330, expect retest of level of 8280-8220 in the short term.

Sasken Communication Technologies: Sasken Communication Technologies has fixed 07^th July, 2015 as the record date for ascertaining the list of shareholders who will be eligible to receive the Letter of offer for Buy-back of shares.

Yes Bank: The Mid-sized private sector lender Yes Bank has said it would prefer raising money through ADR issue under its USD 1-billion capital infusion plan next fiscal and stressed that the court order in a case involving its promoters will not impact these plans.

Union Bank of India: Stat-run Union Bank of India has won shareholders’ approval to raise Rs 3,700 crore, including a capital infusion from the government.