NEW DELHI: The Indian
market is expected to trade range bound on Monday after a 180-point drop on
Friday and on muted global cues.
"It looks like we have broken below important support levels of 8,100-8,120 and closed with a lot of breakdowns in most of the individual stocks as well," says Mitesh Thacker, Technical Analyst, miteshthacker.com.
"My belief is that we might see levels of 7,950 in the next three to four session to come by and by trading would be choppy with some kind of downward bias," he added.
Here is a list of top fifteen stocks that are likely to be in focus on Monday:
Jet Airways Ltd: Ace investor Rakesh Jhunjhunwala today picked up 1.05 per cent stake in Jet Airways BSE 5.18 % for Rs 50.52 crore through an open market transaction.
"It looks like we have broken below important support levels of 8,100-8,120 and closed with a lot of breakdowns in most of the individual stocks as well," says Mitesh Thacker, Technical Analyst, miteshthacker.com.
"My belief is that we might see levels of 7,950 in the next three to four session to come by and by trading would be choppy with some kind of downward bias," he added.
Here is a list of top fifteen stocks that are likely to be in focus on Monday:
Jet Airways Ltd: Ace investor Rakesh Jhunjhunwala today picked up 1.05 per cent stake in Jet Airways BSE 5.18 % for Rs 50.52 crore through an open market transaction.
Coffee Day Enterprises Ltd:
The Company which runs Cafe Coffee Day (CCD) outlets, will list its shares on
stock exchanges on Monday. "...effective from Monday, November 2, 2015,
the equity shares (20,60,01,719) of Coffee Day Enterprises shall be listed and
admitted to dealings on the exchange in the list of 'B' Group of
securities," the BSE said in a circular.
Reliance Communications Ltd: Anil Ambani-owned Reliance Communications' board will meet Monday for considering merger of Sistema Shyam Teleservices Limited's (SSTL) telecom business into itself, which could well mark the beginning of the first consolidation in the telecom sector since 2009.
Adani Power Ltd: The Company is considering raising fund through issuance of shares on preferential basis to promoters.
Power Grid Corporation Ltd: State-run Power GridBSE 0.00 % Corporation Ltd (PGCIL) said it has emerged as the successful bidder for Vemagiri II power transmission project in a tariff based auction.
ICICI Bank Ltd: The private sector bank has more than halved its equity investment in the two arms in Canada and the UK to 5.2 per cent at the end of September quarter from 11 per cent as of March 2010.
Sadbhav Infrastructure Project Ltd: SIPL said it has completed the stake acquisition in Dhule Palesner Tollway Ltd (DPTL) from its JV partners, HCC Concessions (HCON) and JLL.
IOB: Public sector lender Indian Overseas Bank today reported a net loss of Rs 550.83 crore for the second quarter ending September 30, 2015.
Future Lifestyle Fashions Ltd: The retail company reported a 69.77 per cent decline in its net profit to Rs 2.11 crore for the second quarter ended September 30. The company had posted a net profit of Rs 6.98 crore in the same period of the previous fiscal, Future Lifestyle Fashions said in a regulatory filing.
Godfrey Phillips India Ltd: Cigarette maker GodfreyBSE 1.37 % Phillips India reported a 53.03 per cent rise in standalone net profit at Rs 49.72 crore for the second quarter ended September 30.
JK Cements Ltd: The cement maker reported a 58 per cent fall in its consolidated net profit at Rs 13.72 crore for the quarter ended September 30, 2015.
IOC: Hot on the heels of OVL's $1.27 billion deal to buy stake in Vankor oilfield of Russia, state- owned Indian Oil Corp (IOC) has expressed interest in taking 5-10% stake in the Rosneft-operated field.
Sun Pharma Ltd: India's largest drug maker by revenues and market cap may decide to discontinue some non-strategic businesses as part of its integration process with RanbaxyBSE 5.63 %, the company it acquired last year in a $4-billion deal.
Piramal Enterprises Ltd: Piramal Group, TPG Capital and Baring Private Equity Asia are in the race to acquire ICICI Home Finance Company, a subsidiary of India's largest private bank, two people familiar with the development said.
Jyothy Laboratories Ltd: FMCG
firm Jyothy LaboratoriesBSE -0.41 % is aiming to double its turnover to around
Rs 2,900 crore in the next four years on the back of market expansion and
extension of sub-brands.
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