SELL UPL FUTURE BELOW 634 TGT
631.20,628.40 SL 637
BUY YESBANK FUTURE ABOVE 334
TG336.80,338.40 SL 331.20
The S&P BSE sensex ended at 35,470, down 219 points while the broader Nifty50 index settled at 10,762, down 59 points. Tata Motors was the top sensex loser that ended nearly six per cent lower at Rs 290 levels, followed by ICICI Bank, Coal India, Adani Ports and Larsen & Toubro.Among sectoral indices, the Nifty PSU Bank index ended around 2% lower led by a fall in the shares of Allahabad Bank, Union Bank of India and Canara Bank. Benchmark indices ended lower following Asian shares, that got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while US oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production
.Shares of telecom firm Idea Cellular slipped 7.5
percent intraday Monday as its merger with Vodafone India may miss the deadline
of June 30.The mega-merger may not meet the expected June 30 timeline as the
telecom department is looking to raise a fresh demand of around Rs 4,700 crore,
a source said. The demand will be raised from Vodafone India before its merger
with Idea Cellular."Vodafone India had merged its all arm into one company
and there are dues of around Rs 4,700 crore related to one-time spectrum
charges (OTSC) on the company. DoT will ask Vodafone to either clear dues or
furnish bank guarantee before merger with Idea," an official source told
PTI.The S&P BSE sensex ended at 35,470, down 219 points while the broader Nifty50 index settled at 10,762, down 59 points. Tata Motors was the top sensex loser that ended nearly six per cent lower at Rs 290 levels, followed by ICICI Bank, Coal India, Adani Ports and Larsen & Toubro.Among sectoral indices, the Nifty PSU Bank index ended around 2% lower led by a fall in the shares of Allahabad Bank, Union Bank of India and Canara Bank. Benchmark indices ended lower following Asian shares, that got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while US oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production
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