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The battle to acquire Binani Cement promoters Binani Industries has approached<br>Ultratech Cement to purchase Binani's equity shareholding in the company through a<br>shares sale and purchase agreement in return of funds to pay off the debtors to the<br>company.
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Technical & Derivative Report 20th March 2018 www.rudrainvestment.com
Daily Trading Bites NIFTY SNAPSHOT INDEX NIFTY 50 BANKNIFTY OPEN 10230 24630 HIGH 10236 24670 LOW 10102 24256 CLOSE 10223 24339 ADVANCE/DECLINE RATIO OPEN INTEREST AND VOLUME INDEX NIFTY INDEX NIFTY OI CURRENT 24654750 PREVIOUS 24697125 % CHANGE 1.01 ADVANCE 9 DECLINE 41 NIFTY VOLUME 189024 212317 0.79 BANKNIFTY OI 2142280 106707 1997480 112318 0.95 0.97 UNCHANGED 0 BANKNIFTY VOLUME www.rudrainvestment.com
NIFTY GAINERS NIFTY LOSERS SYMBOL CMP % CHANGE SYMBOL CMP % CHANGE HCLTECH 923.00 4.61 NTPC 166.85 1.21 TATASTEEL 574.00 4.37 POWERGRID 194.40 1.12 BHARTIARTL 399.55 4.13 MARUTI 8768.75 1.06 TECHM 609.70 3.94 HINDUNILVR 1312.00 0.99 BPCL 431 3.70 LT 1281.00 0.92 www.rudrainvestment.com
FII ACTIVITIES ( RS. IN CRORE) Market News: FPIs turn positive on Indian equities; infuse Rs 6,400 crore so far in March. Karda Constructions IPO subscribed 1.05 times on Day 2 Bandhan Bank IPO sails through on Day 3, subscribed 1.23 times Suzlon wins two wind power projects in Gujarat SBI funds solar power projects for seven firms include Adani Group, JSW Energy, Hinduja Renewables, Tata Renewables Energy, Azure Power, Cleantech Solar and Hero Solar Energy. FII GROSS PURCHASE GROSS SALES NET PURCHASE/ SALES 19-Mar-2018 16-Mar-2018 15-Mar-2018 4288.03 14024.67 4247.51 3995.8 14175.13 4952.91 292.23 150.46 705.40 DII ACTIVITIES ( RS. IN CRORE) DII GROSS PURCHASE GROSS SALES NET PURCHASE/ SALES 19-Mar-2018 3966.58 4158.10 191.52 16-Mar-2018 4485.7 5256.23 770.53 15-Mar-2018 3113.11 2856.66 256.45 www.rudrainvestment.com
NIFTY WRAP CHART NIFTY Outlook The market extended previous day's losses, with the Nifty closing below 10,100 levels for the first time since December 2017. Major support and resistance levels are 9900 and 10470 respectively. www.rudrainvestment.com
Binani Industries to sell 98.47% stake in cement arm to Ultratech The battle to acquire Binani Cement promoters Binani Industries has approached Ultratech Cement to purchase Binani's equity shareholding in the company through a shares sale and purchase agreement in return of funds to pay off the debtors to the company. Ultratech has in-principle agreed to purchase 98.47 % of the shareholding of Binani Cement, subject to termination of IBC proceedings, entering into definitive agreement, and other customary and regulatory approvals . Binani Industries that is seeking the termination of insolvency proceedings against its cement company has also requested Ultratech to issue it a letter of comfort that will support their application seeking termination of the IBC proceedings. www.rudrainvestment.com
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