Reliance Industries Ltd. (RIL) share price has plummeted by about 11% to Rs.1,350 per share today, which is way below promoter’s warrant conversion price of Rs.1,402 per share. If one may recall, Mukesh Ambani, promoter of RIL had subscribed to 12 crores warrants of the company, to be converted into equal number of shares, at… Read More »
MOSER BAER INDIA LIMITED (MBIL) is a global technology company with presence in over 82 countries, and services through six marketing offices in India, the US and Europe. Incorporated in 1983, today it is India’s largest and the world’s 2nd largest Optical Storage Media (OSM) manufacturer and enjoys strong tie-ups with all major global technology… Read More »
Buy Bharti Airtel at the current price with a stop of Rs.734. The stock may breeze to Rs.774/782 shortly.
NIFTY OI PCR IS LOWEST SINCE JUNE 15, 2006-A RAY OF HOPE FOR Recovery Nifty Oct call added 17% in OI at 2.98 Cr shares while put shed 22% in OI at 1.50 Cr shares. On the back of this call writing at higher level strikes and covering of positions by the put writers as… Read More »
Reserve Bank of India (RBI) with a view to inject liquidity in the system has proposed another CRR cut of 100 basis point (bps) in addition to 50 bps made last week. Aggregate cut of 150 bps in CRR, would inject a liquidity of Rs.60,000 crores in the banking systems. Against borrowings of upto Rs.90,000… Read More »
CBOE VIX weekly chart: On most occasions, whenever the VIX IDX hastouched an intermediate high, it’s normally followed by a rally in the US markets. This timetoo, with the VIX hitting a life time high, we may see the US markets producing a bounceback, though it should be clearly stated that such an up move… Read More »