Tuesday, June 23, 2015

Live: Nifty to Open Higher on Positive Global Cues


Sharemasterindia.com 9:05 a.m.: SV Prasad of Chime Consulting says monsoon rains have bolstered sentiments; the rally has been driven by domestic institutional investors.

9:00 a.m.: Rupee opens lower at 63.58 as against Monday's close of 63.51 per dollar.

8:50 a.m.: Garuang Shah of Geojit BNP Paribas says Nifty can test 8,000 again, short-term investors should take profits off from table.

8:20 a.m.: Morgan Stanley has initiated 'equal weight' on Indiabulls Housing Finance for target of Rs 650 per share. Morgan Stanley says that valuations are positive. It says that the company offers good return on equity and high dividend yields.
8:10 a.m.: Below are the stocks which will be in focus today:

NTPC: NTPC is looking to restructure many of its divisions. This would be the first such remodelling since its inception. The steps will be taken improve the efficiency of its divisions.

L&T: Larsen & Toubro (L&T) plans to list its IT arm by the month of December. The company plans to raise Rs 1,800 crore via listing.

Blue Dart Express: Blue Dart Express has bought majority stake in Blue Dart Aviation.

Asian Paints, UCO Bank, Indian Bank: All the three entities will go ex-dividend today.

MBL Infra: MBL Infra has sought shareholders nod for bonus issue of shares. The bonus will be in ratio of one share for every one share held.

City Union Bank: City Union Bank will seek shareholders nod for raising Rs 500 crore via qualified institutional placement.

HDIL: Nomura Singapore has bought 24.3 lakh shares of HDIL at Rs 89.25/share.

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