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Follow on Google News | Equity Research Report Ways2Capital 05 October 2015Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty futures and 17057
By: ways2capital Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty futures and 17057 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 7775 level and Bank Nifty futures can touch 16747 level in next few days. It will be hard support for Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8048 for Nifty futures and 17515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8117 and 18043 for Bank Nifty futures. NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ Corporation Bank approves issuance of over 15.66 crore shares; stock flat- Corporation Bank is currently trading at Rs. 43.9, down by 0.57% from its previous closing of Rs. 44.15 on the BSE.The bank approved issuance of over 15.66 crore shares on preferential basis to government valued at about Rs. 857 crore.The scrip opened at Rs. 44.6 and has touched a high and low of Rs. 44.6 and Rs. 43.6 respectively. So far 10782shares were traded on the counter. The current market cap of the company is Rs. 3698.45 crore.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 78.9 on 22-Jan-2015 and a 52 week low of Rs. 43.6 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 46.35 and Rs. 44 respectively.The promoters holding in the company stood at 63.33 % while Institutions and Non-Institutions held 29.37 % and 7.3 % respectively.The stock is currently trading above its 200 DMA. ✍ Colgate-Palmolive issues bonus shares; stock flat - Colgate-PalmoliveLtd is currently trading at Rs. 947, down by 0.17% from its previous closing of Rs. 948.65 on the BSE.The company said its shareholders have approved issuance of bonus shares in the ratio of 1:1.The scrip opened at Rs. 946.5 and has touched a high and low of Rs. 947.45 and Rs. 935.4 respectively. So far 3914shares were traded on the counter. The current market cap of the company is Rs. 25801.92 crore.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1099.25 on 15-Apr-2015 and a 52 week low of Rs. 810 on 26-Sep-2014. Last one week high and low of the scrip stood at Rs. 1000 and Rs. 928 respectively.The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 25.76 % and 23.24 % respectively.The stock is currently trading above its 100 DMA. ✍ RBI cuts FY16 GDP growth target to 7.4% - RBI Governor Raghuram Rajan in his speech said that the modest pick-up in the growth momentum in the first half of 2015-16 benefited from soft commodity prices, disinflation, comfortable liquidity conditions, some de-clogging of stalled projects, and higher capital expenditure by the central government. Underlying economic activity, however, remains weak on account of the sustained decline in exports, rainfall deficiency and weaker than expected momentum in industrial production and investment activity. With global growth and trade slower than initial expectations, a continuing lack of appetite for new investment in the private sector, the constraint imposed by stressed assets on bank lending and waning business confidence, output growth projected for 2015-16 is marked down slightly to 7.4 per cent from 7.6 per cent earlier. Concurrent indicators also suggest that the new GDP series shows higher growth than would the old series, which necessitates recalibrating old measures of potential output and the output gap to the new series. ✍ GR Infraprojects to raise Rs. 400 cr via IPO - GR Infraprojects Ltd. is reportedly planning to raise ~Rs. 400 crore through an initial public offering to fund its growth and provide exit route to some PE investors.The company has recently appointed 3-4 investment banks to manage the process, according to a business daily.The Delhi-based infrastructure company is involved in engineering, procurement and construction services for highways, flyovers, bridges, buildings, air-field development, For Quick Trial – 08962000225 Or mail us here: info@ways2capital.com or visit http://www.ways2capital.com/ Contact 0731-6554125 Toll Free – 1800-3010-2007 Give a Missed Call for Free Trial - 09699997717 For Reports And Tracksheets - http://www.ways2capital.com/ End
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