After rising for the six consecutive periods, BSE Sensex and Nifty 50 have been looking at a gap-down begin on the primary day of the week, as advised by tendencies on SGX Nifty. Nifty futures have been buying and selling 52.50 factors down at 13,729.50 on Singaporean Alternate. World cues will proceed to dictate market pattern within the absence of any main home occasion. “We proceed to maintain a cautiously bullish outlook and counsel merchants be gentle on the longs because the market is stretched within the quick time period. Any aggressive recent shopping for ought to positively be averted at present ranges. Instant help for Nifty is now positioned at 13450. Under 13450, we would get a affirmation for a quick profit-booking transfer on the draw back which may then retest 13000 to 12800 zone,” mentioned Nirali Shah, Senior Analysis Analyst, Samco Securities.
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Antony Waste Handling Cell: Antony Waste Dealing with Cell is ready to launch its Rs 300-crore preliminary public provide (IPO) immediately. The agency has fastened the worth band of the difficulty at Rs 313-315 apiece. The general public concern will shut on December 23, 2020, for the subscription.
ONGC: West Bengal bought included in ONGC’s oil and fuel map with its eighth subject at Ashoknagar in West Bengal beginning business manufacturing on Sunday. ONGC first extracted 20 kilolitres of crude oil from the Ashoknagar oilfields early November this 12 months and had despatched it to Indian Oil’s Haldia refinery for processing.
DHFL: The committee of collectors (CoC) of Dewan Housing Finance Corporation (DHFL) is more likely to meet once more this week to debate bids submitted by the suitors, sources near the event informed FE.
Reliance Home Finance: Six suitors, together with Kotak Particular Conditions Fund (KSSF) and Asset Reconstruction Firm (India) Restricted (ARCIL), have submitted bids for Reliance Residence Finance, a part of Anil Ambani-promoted Reliance Group. Solely two bidders submitted compliant and binding bids whereas 4 bids are non-binding and never compliant with bid situations, PTI quoted sources as saying.
Reliance Industries Ltd: RIL and its companion BP will get solely $4.06 a unit for the brand new fuel they’ve began to supply from the jap offshore KG-D6 subject despite the fact that they’ve found a better fee in an open market public sale, PTI cited sources as saying.
IDBI Bank: IDBI Financial institution has raised Rs 1,435 crore via a difficulty of fairness shares to 44 certified institutional buyers, in accordance with a regulatory submitting. The financial institution had focused to lift Rs 2,000 crore (base measurement Rs 1,000 crore and green-shoe choice of Rs 1,000 crore) via the QIP concern at a ground value of Rs 40.63 apiece.
Canara Bank: Canara Financial institution on Saturday clarified that it has an publicity of Rs 678.28 crore within the account of M/s Transstroy India Ltd, reported as fraud to the RBI on February 10, 2020, the place 100 per cent provision has been made within the account.