Index Trends And Stocks In Action July 20, 2015

The Indian Equity market took a breather after posting strong gains, media reports stated that banks may be excluded from the composite cap for foreign investment dulled the sentiment in the markets. Technically, the index opened with a marginal gap of 12-18 points and there after consolidated in a tight range and ended above 8600 mark. Now going forward if the index manages to sustain above the level of 8645, it would move further up to levels of 8700. On the downside important support for the index stands at level of 8580. If breach this support level expect a correction up to levels of 8530.

Titagarh Wagons: Wagon manufacturer Titagarh wagon said HDFC Mutual Fund has acquired over 98 lakh shares in the company, a deal could be worth more than 103 crore.

Fulford India: Shares will soon be delisted from the stock exchanges following a successful delisting offer made by promoter Dashtag, which is buying the stock at Rs 2,400 apiece from the shareholders of Fulford.

DLF: The Central Bureau of investigation (CBI) has sought information from markets regulator Securities and Exchange Board of India (SEBI) on the DLF case referring to the investigation and a subsequent three-year ban on the real estate company.

RCF: Stat run RCF is planning to invest Rs 363 crore for reducing consumption of energy at its two urea-ammonia units in Thal in Maharashtra.