CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 20 JUN 2016

CS NIFTY FUTURES (JUNE) OVERVIEW

TREND MIXED TO BEARISH

RES2:8262

RES 1:8237

SUP1:8150

SUP2:8105

CS BANK NIFTY FUTURES (JUNE) OVERVIEW

TREND MIXED TO BEARISH

RES 2: 17927

RES 1:17825

SUP1:17525

SUP2:17425

                                        

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Coal India share buy-back not to affect its capex plans

Coal India has agreed to part with nearly Rs 6,000 crore from its cash reserves of over Rs 38,000 crore for a share buy-back mooted by the finance ministry after ensuring that its capex plans to up production would not be impacted. 
Officials in the company said, so far, four of its subsidies has agreed to a share buy-back.

As per the official, this buyback will not have any impact on the future plans of Coal India’s capital expenditure (capex). Back in September 2015, the Maharatna company had worked out a capex plan of Rs 57,000 crore over a period of five years to propel growth in output which was to be partly funded by its cash reserves. However, with the government making its move to pump out part of the reserves to drive growth in other sectors, the overall reserves are likely to decline.

Under the share buy-back programme, Coal India will be purchasing around 2-3% of its shares from the government – a move which will help the centre move an inch closer to the Sebi guidelines.

Sebi guidelines have stated the public should hold 25% in state-owned listed companies by August 2017. Currently, the President of India holds 79.65% in the company resulting in the public having access to only 20.35% of the shares.

The buy-back will not just reduce the stake of the government, it will also prepare the ground for the 10% additional planned disinvestment in the world’s largest coal miner.

                                 

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NIFTY SMART MOVERS & LAGGARDS - 17 JUN 2016

DAILY NIFTY SMART MOVERS

SCRIPTS	PRICE	VOLUME             (IN 000’S)		PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Bharti Airtel	358.20	4092.78		346.50	3.38	11.70
HDFC	1230.40	2489.80		1200.95	2.45	29.45
Tata Motors	464.85	7299.77		454.35	2.31	10.50
Tata Motors - DVR	312.80	3334.98		305.85	2.27	6.95
Power Grid Corpn.	157.50	3918.96		154.60	1.88	2.90

 DAILY NIFTY TOP LAGGARDS                     

SCRIPTS	PRICE	VOLUME (000’S)	PRE. CLOSE	CHANGE (%)	CHANGE (Rs.)
Tata Power	73.95	5664.73	76.30	-3.08	-2.35
Bharti Infratel	338.00	5952.08	348.20	-2.93	-10.20
Sun Pharma Inds.	742.20	3087.96	754.60	-1.64	-12.40
Dr. Reddys Lab	3001.20	1030.45	3048.25	-1.54	-47.05
Tata Steel	325.50	5305.05	330.50	-1.51	-5.00

                                          

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 17 JUN 2016

CS NIFTY FUTURES (JUNE) OVERVIEW

TREND MIXED TO BULLISH

RES2:8255

RES 1:8205

SUP1:8102

SUP2:8075

CS BANK NIFTY FUTURES (JUNE) OVERVIEW

TREND MIXED TO BULLISH

RES 2: 17925

RES 1:17855

SUP1:17525

SUP2:17425

                                             

Get real time advice for , Share Market Tips  Intraday Trading Tips , Intraday Market Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips , Equity Tips  and all Maket Updates .