Equity Tips, Sensex Nifty Updates, Stocks News
Equity benchmarks opened lower on profit booking Monday after a 2.5 percent rally seen last week.
By: TradeIndia Research
Equity benchmarks opened lower on profit booking Monday after a 2.5 percent rally seen last week. Idea Cellular rallied nearly 15 percent in early trade following announcement of its merger with Vodafone India.
The 30-share BSE Sensex was down 98.36 points at 29,550.63 and the 50-share NSE Nifty fell 23.95 points to 9,136.10. About 759 shares advanced against 438 declining shares on the BSE.
MARKET TREND:- POSITIVE,
NIFTY FUTURE –
RESISTANCE 1 - 9200.00,
RESISTANCE 2 - 9229.00,
SUPPORT 1 - 9153.00,
SUPPORT 2 - 9135.00.
BANK NIFTY FUTURE –
RESISTANCE 1 - 21544.00,
RESISTANCE 2 - 21855.00,
SUPPORT 1 - 21056.00,
SUPPORT 2 - 20879.00.
SENSEX UP + 6.90 @ 29653.54
NIFTY FUTURE DOWN -8.00 @ 9164.95,
BANK NIFTY FUTURE DOWN -28.00 @ 21206.20.
The Indian rupee opened with a marginal gain of 6 paise at 65.40 per dollar today against Friday's close of 65.46.
Indian rupee opens higher at 65.40 per dollar
The rupee will trade with a positive bias on the back of positive cues from the equity market and strong FII inflow. The trading range for the USD-INR pair is seen between 65.20-65.80/
BUY BAJ FINANCE 1150 CALL
Equity Tips, Idea Cellular announces merger with Vodafone
Reliance Jio Effect? Idea Cellular announces merger with Vodafone
Equity Tips (https://www.tradeindiaresearch.com/
Idea Cellular on Monday announced that its board has approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services Limited with itself in the process creating the country's largest telecom entity.
Vodafone will hold 45 percent in the combined entity. Idea promoters will hold a 26 percent in the combined entity. AB Group will have the right to buy 9.5 percent stake in the entity at Rs 130 per share.
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