INTRADAY ICICI BANK CALL GIVEN IN LIVE MARKET ACHEIVED FIRST TAGRGET.
The
benchmark indices settled lower as investors stayed cautious due to sliding
rupee, surging bond yields, and oil prices.The S&P BSE Sensex ended at 38,018, down 140
points while the broader Nifty50 index settled at 11,477, down 43 points.Earlier in the day, the rupee pared its initial
gains to drop to a fresh all-time low of 71.97 against the US dollar in
intra-day deals.
Among key stocks, Reliance Industries (RIL) fell
around 1.5 per cent at Rs 1,224 levels and was among the top Sensex
losers. Vodafone and Idea Cellular, which have merged to become the
country’s largest telecom operator, have together shed around 8,000 employees,
or close to one-third of the workforce, in the last 17 months ever since the
deal was announced. The newly crowned top telco Vodafone Idea Ltd has an
employee count of around 17,000 at its inception, multiple sources in the know
told Business Standard after the merger got an all clear last week.
At
the end of March 2017, when the merger was announced, the total employee count
for the two companies stood at around 25,000.
TOP GAINERS:YESBANK,TATAMOTORS,WIPRO
MAJORLOOSERS: INFRATEL,TITAN,ZEEL
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