Nifty futures have been trading 33.50 points or .22 per cent up at 15,017 on Singaporean Exchange. On Wednesday, the Nifty 50 index may perhaps open above the 15,000-mark following a 3-day gap. Market participants will track worldwide cues, stock-distinct developments, oil movement and rupee trajectory for additional cues. According to a technical analyst, the Nifty/Sensex is heading for the minimum target of 15065/50750 based on the each day chart. “On the other side, 14830/50100 and 14750/49800 would be major supports,” mentioned Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
Stocks in concentrate today:
RIL, Airtel, Vodafone Idea: Reliance Jio Infocomm Ltd (RJIL) on Tuesday mentioned it has acquired the proper to use spectrum in all 22 circles across India in the most current spectrum auction. Telecom operator Bharti Airtel had bought 355.45 MHz spectrum across Sub GHz, mid-band, and 2300 MHz bands worth Rs 18,699 crore. Vodafone India had also acquired 11.8 Mhz spectrum worth Rs 1,993 crore in 5 circles to boost its 4G coverage.
Ion Exchange India: Rakesh Radheyshyam Jhunjhunwala and his firm Rare Investments on Tuesday offloaded shares worth practically Rs 65 crore in Ion Exchange India Ltd, by means of open marketplace transactions.
IRCON International: The supply for sale (OFS) for up to 16 per cent government stake at a floor price tag of Rs 88 per share in railway PSU IRCON will open on Wednesday. The total problem size, such as green-shoe choice, comes to 16 per cent or more than 7.52 crore shares.
Coal India: Coal India (CIL) has tied up with 17 energy plants to drive import substitution, in addition to other measures that have helped it to push 71 million tonne of added coal to buyers ending February this fiscal.
YES Bank: YES Bank on Tuesday mentioned its shareholders have authorized a proposal for raising Rs 10,000 crore capital with the requisite majority. As several as 98.78 per cent votes have been cast in favour of the resolution to authorise the bank to raise capital by means of issuance of equity shares or other securities.