Professional Documents
Culture Documents
16-Mar-17
Quote of the Day : "In the stock market the more elaborate and abstruse the mathematics the more
uncertain and speculative are the conclusions we draw there from." Benjamin Graham
Top News
State Bank of India has received Board approval to raise Rs HCL Technologies board has said that it will consider a share
15,000 crore to shore up its equity capital in the bank for next buyback proposal on March 20.
year. The Central Board of the Bank at its meeting held on
15.03.2017 has accorded its approval for raising of equity
capital up to Rs 15,000 crore during FY 2017-18 by way of FPO / HDFC Bank has launched a Digital Loan against Securities (LAS)
Rights Issue / ESPS / ESOS/ QIP / ADR / GDR and any other mode product to avail an instant overdraft facility in just 3 minutes. In a tie-up
or a combination of these with the soon-to-be payments bank National Securities Depository
The ICICI Bank-led consortium of lenders has initiated the Limited (NSDL), HDFC bank claims to be the first Bank in India to
process to find a buyer for the debt-ridden defence firm ABG completely automate the entire process of creating an overdraft facility
Shipyard to change its management. After Strategic Debt in a separate current account for loan against shares
Restructuring (SDR) norms were invoked in October last year, a
consortium of 22-lenders took control of 51 percent stake in the The Cabinet approved sale of state-owned Indian Oil Corp's (IOC) 24
company which has loan dues worth Rs 16,400 crore. percent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for
an undisclosed sum. The sale will enable IOC to have long term
association with its joint venture partner and ... Lubrizol India Pvt Ltd
BHEL has commenced commercial operation of its first 800 (LIPL) to have access to the latest global additive technologies
MW unit - highest-rating coal-based supercritical thermal power developed by Lubrizol Corporation, USA.
plant at Yeramarus thermal power station of Raichur Power Wipro announced its partnership with Harte Hanks to offer marketing
Corporation, in Raichur district of Karnataka. Karnataka Power technology services. As part of the multi-year engagement, Wipro will
Corporation (KPCL) and BHEL are main equity partners of RPCL. upgrade Harte Hanks data analytics and applications platform, create a
scalable operating model and simplify IT related processes for the
NTPC is weighing the option of snapping power supplies to
company. The two companies will jointly go-to-market with marketing
BSES Yamuna Power Ltd (BYPL), which distributes electricity in
technology services aimed at the needs of Chief Marketing Officers
Delhi, for delay in payment of its dues. The continued non-
payments by Delhi discoms would make it very difficult for NTPC Repco Home Finance has been announced by the government for
to keep maintaining its reliable supplies in the ensuing peak housing in the middle income group. For next year we are expecting
summer season where the demand of Delhi is supposed peak to growth of about 25 percent. Company is expecting the affordable
at 6600 MW as per estimates housing scheme - that the new government has announced - to be
rolled over for the subsequent years also.
TRADING IDEAS
Short
The stock has made a negative divergence
JUSTDIAL March (1 Lot=
587.15 561 550 601 both in RSI and Stochastic on daily chart. Some
Future 1200) selling is very likely from the current level.
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