Thursday, June 14, 2018

STOCK FUTURE TIP TO TRADE 15 JUN 2018


The benchmark indices ended lower after the US Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year.The S&P BSE Sensex ended at 35,600, down 139 points while the broader Nifty50 index settled at 10,808, down 49 points.
Among sectoral indices, the Nifty IT index ended 1.5% lower led by a fall in shares of MindTree, Tech Mahindra and Tata Consultancy Services.
Shares of Ashok Leyland rose 2.3 percent intraday Thursday as its NBFC Hinduja Leyland Finance has filed IPO papers with SEBI.

Non-banking finance company Hinduja Leyland Finance has filed draft red herring prospectus for its IPO with capital market regulator Securities & Exchange Board of India The public offer comprises of fresh issue of shares worth up to Rs 500 crore by the company and offer for sale up to 2.19 crore equity shares.Vehicle finance NBFC Hinduja Leyland Finance is promoted by second largest commercial vehicle maker Ashok Leyland and Hinduja Power.

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