MACRO TECHNICALS
Board approves renaming of the company to Cholamandalam DBS Finance
TECHNICALS
STOCK REPORT
The 30-share Sensex ended at 19,414 up 161 points or 0.84% and the 50-share Nifty ended at 5,863 up by 45 points or 0.77%. The Sensex and the Nifty touched an intra-day high of 19,465 levels and 5,878
The Bombay Stock Exchange's 30-share Sensex provisionally closed at 19,465 up 212 points. The National Stock Exchange's 50-share S&P CNX Nifty provisionally closed at 5,876 up 57 points.
Caution remained ahead of global central banks meet later today
This meeting to decide the future course of action for the lenders
Taruna Reddy has acquired 44,826 shares or 0.27% stake in the company via open market purchase on March 6, 2013.
According to media reports the government is planning to offload its 9.33% stake in the company through offer for sale route next week.
IT names like TCS, Wipro, Infosys gained 1-2%, trading near their 52-week or all time highs
Check out the F&O trends for select index stocks with Chetan Jain, Deputy Manager (Derivative Desk) at Anand Rathi
To develop, design, assemble, manufacture, produce industrial machines and spare parts for production packaging and printing machines for all kinds of consumer and industrial products in India.
The board approved the issuance of fresh equity shares to dilute the promoter group holding in the company to meet Sebi norms of 25% minimum public shareholding.