BUY JINDALSTEEL ABOVE 230 TG 235,242 SL 223
HEXAWARE CALL GIVEN IN LAST POST WAS NOT EXECUTED .
FOR LIVE MARKET CALLS FILL UP THE
FORM GIVEN HERE>>>>>
The benchmark indices settled lower for the second consecutive
day, falling nearly 1 per cent on Tuesday tracking weakness in the global
markets.
The S&P BSE Sensex ended at 37,291, down 295 points while the
broader Nifty50 index
settled at 11,279, down 99 points.Among
sectoral indices, the Nifty PSU Bank index settled 5.4 per cent lower weighed
by a fall in Bank of Baroda (BoB), which slipped 17 per cent to Rs 112.20 on
the National Stock Exchange (NSE) after the government on Monday proposed to
create the country’s third-largest bank by amalgamating Dena Bank and Vijaya
Bank with much larger Bank of Baroda (BoB) in an all-stock deal. The banks’
boards are expected to meet in 10 days to take a callThe three
state-owned banks ‐ Bank of
Baroda, Dena Bank and Vijaya Bank ‐ saw a mixed reaction at the bourses on Tuesday, a day after the
government proposed to amalgamate them into a combined entity.
The largest of the three, Bank of Baroda, tanked over 10 per cent
in intra-day deals to Rs 116 levels on the NSE, Dena Bank hit its upper circuit
limit for the day of 20 per cent at Rs 19.05. Vijaya Bank, too, moved up over 2
per cent to hit an intra-day high of Rs 66 on the NSE. In comparison, the Nifty
50 was trading flat.
While
calling it a step in the right direction, analysts say this merger could be a
game changer for the PSU banking space and throws up the possibility
of public sector banks (PSBs) being ultimately consolidated into
seven large entities going ahead.
TOP GAINERS:YESBANK,ITC,ONGC
MAJORLOOSERS: TATAMOTORS,HINDPETRO,BABAJAUTO
No comments:
Post a Comment