Nifty futures and bank nifty future market closed on 10003 / 24245 according to technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then 10075 / 24486 will be small resistance, if it break this level then nifty futures and bank nifty future can touch 10189 / 25089 level . it will be hard resistance. meanwhile in reveres there is small support on 9899/ 23937 for nifty futures and bank nifty future after breaking this support with volume there is big support for nifty futures and bank nifty future on 9777 / 23197.NSE - WEEKLY NEWS LETTERS
? TOP NEWS OF THE WEEK
AMBER ENTERPRISES FILES IPO PAPERS WITH SEBI - Appliance maker Amber Enterprises has filed preliminary papers with SEBI to raise Rs 555 crore through an initial share-sale offering, according to draft prospectus filed with the markets regulator.The IPO comprises of fresh issue of equity shares worth Rs 450 crore and sale of scrips to the tune of Rs 105 crore by promoters Jasbir Singh and Daljit Singh. The company plans to use the proceeds for repayment and advance payment of certain loans and for other general corporate purposes. Edelweiss Financial Services, IDFC Bank, SBI Capital Markets and BNP Paribas will manage the company's initial public offer .During April-September period of the ongoing fiscal, as many as 19 Indian companies raised close to Rs 27,000 crore through IPOs, much higher than Rs 16,535 crore garnered by 15 firms in the year-ago period.The Gurugram-based company manufactures air conditioners. Companies from diverse sectors like insurance, healthcare, education, bank, cable TV and shipping have made their way to the IPO space during the period under review.
CG CONSUMER ELECTRICALS GAINS ON BUZZ OF KENSTAR DEAL - The stock of CG Consumer Electricals rallied during Friday’s trade after the company competed in the final leg of the race to acquire Kenstar, reported a leading business daily.CG Consumer and PE fund Everstone Capital have submitted binding offers and are in negotiations with Videocon to enter into exclusive talks. CG Consumer has placed its bid at Rs 1,400 crore, Everstone Capital has offered Rs 1,300 crore. The stock on yearly basis has given 27.93% returns and has underperformed BSE Consumer Durables and outperformed BSE Midcap index.Crompton Greaves Consumer Electricals Limited manufactures and markets a range of consumer products. The Company’s main products/services include lighting products and electrical consumer durables . It operates through two segments: Lighting Products and Electrical Consumer Durables.
PANAMA PETROCHEM TURNS EX-BONUS - Shares of Panama Petrochem were trading negative after being ex-bonus issue on Tuesday.Panama Petrochem has approved the proposal for issue of bonus shares to the existing shareholders of the company in the ratio of 1:2.
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