Thursday 8 June 2017

Daily Update by Team Mumbai - Pro Traders – 8th June 2017


                  

Corporate News

PNB Housing - stock doubled in 6 months against IPO price, sector benefits from lowered risk weights assigned to home loans by RBI

Petronet LNG - stock closes below 30-,50-DMA, GDF International sold its entire 10% stake of 75 million shares, stock maintains buy status as fundamentally strong, Fut OI up by 34%

IOC - to shutdown crude, refinery units across India - FOR maintenance purposes- At least seven units to remain closed briefly in north and east India

Strides Shasun - gets USFDA approval for Parkinson’s drug and select viral infections, product will be launched immediately in the American market.

Gujarat Pipavav - gains 4.39 %, its biggest intraday percentage gain in over a week as asAdani Ports is planning to buy controlling stake 


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Kaveri Seeds - 16 June 2017 as the Record Date for buy back, Fut OI up by 11%


 




Options data doesn’t give a clear picture comparing with FII data  as today is banknifty weekly expiry most of them are expiry contracts.




Volume Shockers with High Delivery Volume %





Team: Mumbai - Pro Traders: Yogini, Ram, Ankur, Shivrajkumar

Source: Economic Times, Business Standard, Financial Express, Indian Express, Mint, Business Line, Bombay Stock Exchange, National Stock Exchange



Disclaimer: This is for study purpose and is intended for Trading Terminology Closed Group.

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