Sensex fall, 10% raise in TD power systems
In New Delhi, on Thursday the BSE Sensex got 0.1% in the opening but immediately cut back the morning gains and became negative due to loss in Reliance industries, Bharti Airtel and L&.
AC generator’s manufacturers, the TD Power Systems Ltd recorded at Rs. 251 as equated to it price issue of Rs. 256 each share. In previous trade, company shares were trading ten per cent high at Rs, 281. This company increased Rs. 227crore by 88,67,187 equity shares issue at low price end band of 256-261 share, weakening 26.68% pale.
On this Equityrush’s CEO Kunal Saraogi said that Indian markets are seems to remain powerful on Thursday and increase the strength of last some days.
He added that Nifty’s 50 shares seem to increase to levels near to 5,170-5,200 levels during this week. Nifty contains powerful support near the 5070 levels and is seem to still buoyant for few more time.
On Thursday at 09:26, BSE’s 30 share index was swapping 0.2% less at 17,026.78 points headed by Reliance Industries losses (down 1.3%), Bharti Airtel ( down 1.2%) and L&T ( down 1.2%).
NSE index huge fifty shares was swapping 0.3% less at 5,109.30 points. as per the Angel Broking report, trend fixing level for today is 17,048 on Sensex and on Nifty 5,118 levels. in case, Nifty buys more than this level while starting trade then we might witness additional rally up to 17,283-17,174/5,197-5,161 levels.
But, if Nifty trades go below 5-188or 17,048 levels for trades first half an hour then it might correct more than 16,813 – 16,939 or 5,040-5,082, according to report.