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Index trend and stocks in action March 09, 2018

Karan DSIJ / Article rating: 5.0

Going ahead, the levels of 10,275 and 10,310 would act as immediate resistances for the index and, on the downside, the levels of 10,200 followed by 10,130 would be seen as support for the index. Stocks in the news: Filatex India, Bank of Baroda, Bank of India, Shree Renuka Sugars, TCS, Spice Jet, Global Offshore Services, GTL Infrastructure, L&T Finance and Interglobe Aviation

Optimistic start likely for the markets

Karan DSIJ / Article rating: 5.0

Today, the markets are likely to make an optimistic start following firm global cues. Also, traders will be getting support from the report that net direct tax collection in the April-Feb period of 2017-18 showed a whopping 19.5% growth from the year ago period to Rs 744,000 crore. The SGX Nifty is indicating that the Nifty could open with gains of 40 points around 10,278 at the opening bell.  

Bharat Dynamics IPO

Apurva Joshi / Article rating: 4.1

The IPO of Bharat Dynamics will remain open for subscription from March 13-15, 2018. The issue consists of Offer for Sale (OFS) where the Indian government is selling 12% stake worth Rs 960.94 crore. The issue price is in the range of Rs 413-428 per equity share having face value of Rs 10 each.

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