iCharts Discussions

[sharetipsguru1]

Indian equity benchmarks continued to trade flat with positive bias in early noon session, the passage of the long-pending GST bill, lower interest rates and a bounce-back in the foreign portfolio investments, as also a stable rupee and good monsoons, figure high on the New Year wishlist of Dalal Street to help it regain the 30,000-point milestone. Furthermore, the broader markets continue to outperform significantly- BSE Midcap and Smallcap indices are up almost 0.70% each. Market breadth is positive on the BSE with 1,744 shares advancing and 580 shares declining. Meanwhile, shares of aviation companies like Jet Airways (India), SpiceJet and Globalvectra and Interglobe Aviation continue to maintain their upward march currently trading at fresh 52-week highs on back of heavy volumes cut in Aviation Turbine Fuel (ATF) prices.

Back home, in scrip specific development, share of Corporation Bank gained around 4 percent after the bank announced issuance of 2.8 crore shares worth Rs 143 crore to the Life Insurance Corporation of India on a preferential basis. IDBI Bank was trading higher after the government gave its approval to the bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP), a move which will dilute its holding in the state-owned lender.
[REMOVED BY ADMIN]