Wednesday 2 July 2014

Reliance Capital to buy a minority stake in Prime Focus!

The 50-share Nifty index is expected to open higher on Thursday tracking positive trend seen in SGX Nifty. Tracking the momentum, the index is expected to surpass its previous record high of 7,732.40 made on 2 July; however, it may witness some profit booking at higher levels. Stocks in news are United Spirits, Reliance Capital, Apollo Tyres, Hero Motocorp, TVS Motors, GMR InfraStructure, JP Associates, Tata Teleservices, JSW Energy and GAIL.

Today’s Headlines

1) Two-wheeler sales dovetail cars, increase 14 per cent in June.
2) Prime Focus to get rs 120 crore from Reliance Capital.
3) Reliance Capital to buy a minority stake in Prime Focus.
4) Ficci meets Textiles Minister Santosh Gangwar on new Textiles Policy.
5) Speedy clearance for 3,000-MW Arunachal Pradesh hydro project.
6) JSW Energy set to buy Lanco's project in top thermal deal for Rs 5,700 crore.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

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