Monday, 8 December 2014

8.4% bond at bond high, nifty sensex strengthening




Equity benchmarks continued to consolidate with the Sensex falling 38.12 points to 28419.98 and the Nifty slipping 14.30 points to 8524. The broader markets outperformed benchmarks with marginal gains. The BSE Midcap and Smallcap indices gained 0.3 percent each.
Sensex, Nifty flat; Infosys falls 3%, SpiceJet loses 9%Infosys plunged more than 3 percent after 3.3 crore shares traded in multiple blocks on BSE, NSE in early trade.
Mahindra Ugine Steel Company Ltd. is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 580.

Founders of Infosys selling shares worth $1.1 billion
The founders are offering 32.6 million shares in Infosys at a fixed price of 1,988 Indian rupees ($32) each, a 4 per cent discount to Friday's close, the report said.

Buy Mahindra Ugine Steel Company Ltd. with a target of Rs 610
Sensex trading in a range, Nifty holds 8500; top ten stocks in focus

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