SELL HINDALCO FUTURE BELOW 222 TGT 220.6/218.4 SL 223.8
Among sectoral indices, the Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Syndicate Bank, Union Bank of India and Punjab National Bank. The indices ended lower on Thursday led by a fall in the shares of public sector banks and metal stocks amid lack of any strong developments in domestic and global markets. The S&P BSE Sensex ended at 35,432, down 115 points while the broader Nifty50 index settled at 10,741, down 31 points. Profit booking in bank, auto, pharma, FMCG and metal stocks spooked domestic equity benchmarks Sensex and Nifty on Thursday, making them end the session in the negative territory a day after they had registered decent gains.
Market sentiment remained cautious through the day, as investors kept their bets restricted after minutes of RBI’s Monetary Policy Committee meet indicated more rate hikes in the months ahead. India bulls Real Estate plans to raise Rs 480 crore through issue of debentures on private placement basis. In a BSE filing, the Mumbai-based developer has said that it "proposes to issue secured, redeemable, non-convertible debentures of face value Rs 10 lakh each aggregating Rs 480 crore, on a private placement basis." The issue will open on June 25 and the amount would be raised in one or more tranches, it added.
Among sectoral indices, the Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Syndicate Bank, Union Bank of India and Punjab National Bank. The indices ended lower on Thursday led by a fall in the shares of public sector banks and metal stocks amid lack of any strong developments in domestic and global markets. The S&P BSE Sensex ended at 35,432, down 115 points while the broader Nifty50 index settled at 10,741, down 31 points. Profit booking in bank, auto, pharma, FMCG and metal stocks spooked domestic equity benchmarks Sensex and Nifty on Thursday, making them end the session in the negative territory a day after they had registered decent gains.
Market sentiment remained cautious through the day, as investors kept their bets restricted after minutes of RBI’s Monetary Policy Committee meet indicated more rate hikes in the months ahead. India bulls Real Estate plans to raise Rs 480 crore through issue of debentures on private placement basis. In a BSE filing, the Mumbai-based developer has said that it "proposes to issue secured, redeemable, non-convertible debentures of face value Rs 10 lakh each aggregating Rs 480 crore, on a private placement basis." The issue will open on June 25 and the amount would be raised in one or more tranches, it added.
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