The 50-share Nifty index is expected to open flat on Monday following muted trend seen in other Asian markets. Following the momentum, the index is expected to retest its crucial psychological support level of 6150 levels. Stocks in news are Manappuram Finance, MCX & Financial Technologies, Ruchi Soya, Adani Power, Tata Power, ICRA, CARE, JM Financial and IDFC.
Today’s Headlines
1) Baring Asia emerges sole bidder for controlling stake in CARE ratings.
2) United Bank’s woes increase as its Delhi branch sanctioned Rs 800 cr loans without verifying collaterals.
3) Telco’s market capitalization sinks under rising debt; shares tank by up to 23%.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf
Today’s Headlines
1) Baring Asia emerges sole bidder for controlling stake in CARE ratings.
2) United Bank’s woes increase as its Delhi branch sanctioned Rs 800 cr loans without verifying collaterals.
3) Telco’s market capitalization sinks under rising debt; shares tank by up to 23%.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf