Index Trend And Stocks In Action November 13, 2015
Chirag Gothi / 13 Nov 2015
After a disappointing performance by the Indian benchmark indices for the Samvat 2071, the new Samvat 2072 launched with a bang as the Sensex and Nifty registered gains of about 0.50 per cent. On the daily chart the Nifty index has multiple supports in the range of 7740-7770.
After a disappointing performance by the Indian benchmark indices for the Samvat 2071, the new Samvat 2072 launched with a bang as the Sensex and Nifty registered gains of about 0.50 per cent. On the daily chart the Nifty index has multiple supports in the range of 7740-7770. The level of 7770 is a very crucial level as this low was formed post the Bihar Polls outcome. Only if this support range is breached decisively, it would trigger a sell-off up to levels of 7680-7550. On the higher side the level of 7900 will act as a strong hurdle for the index. The short term outlook for the indices looks little bit subdued and in the favour of the bear’s as indices are trading below its important short-medium term moving averages.
Unitech: Realty firm Unitech’s sales booking remained flat at Rs 524 crore in the first six months of this financial year due to demand slowdown in the property market. It has sales bookings of Rs 527 crore in the first half of 2014-15 fiscal. Of the total sales bookings, the residential and commercial segments contributed Rs 384 crore and Rs 140 crore respectively, during the first six months of 2015-2016.
Tata Steel: Tata Steel has received green nod for expansion as well as setting up of two units at its Joda plant in Keonjhar district Odisha, entailing an investment of over Rs 185 crore.
HCL Technologies: IBM Corp and HCL Technologies a global IT service provider has announced a strategic partnership to jointly build hybrid solutions to help enterprises drive their digital transformations. HCL Tech will use Bluemix, IBM’s Cloud platform to build applications and solutions in the areas of Unified service management and internet of Things (IoT).
Indiabulls Housing Finance: The Company has acquired about 40 per cent stake in UK-based OakNorth Bank for USD 100 (Rs 660 crore), making it the lender’s biggest shareholder and aiding its expansion into new business areas overseas.
HDFC: In a first by any private sector Indian Company, country’s largest mortgage lender HDFC will issue USD 750 million rupee denominated bonds, also known as ‘Masala’ bonds, to overseas investors to improve financing prospects for domestic infrastructure projects.
CESC and Coal India: CESC and Coal India will announce its Second quarter results today.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.