VK Sharma of HDFC Securities believes that the conviction is lacking for the Bank Nifty to do well. So it has to close above 11,800. Also, Infosys may see levels of Rs 3,400 onwards in next six months.
Amit Gupta, Head- Derivatives at ICICI Direct is of the view that Reliance Capital may test Rs 410-415. "One can keep a stop loss around Rs 367 and remain positive in the stock," he adds.
Central Bureau of Investigation chief Ranjit Sinha said Anil Ambani's statement as witness in the ongoing 2G case trial will help to bolster the case.
In Anil Dhirubhai Ambani Group (ADAG) pack Reliance Communications, Reliance Infrastructure and Reliance Capital are expected to fall, says Shardul Kulkarni of Angel Broking.
The Nifty is moving in a 20 point range on the upside and downside. According to Sudarshan Sukhani of s2analytics.com, sometimes the impression is that this is not working out but the correction is very much on.
Sudarshan Sukhani of s2analytics.com believes the Nifty is all set to break its 100-point trading range and move above the 5300 level.
Today all ADAG (Anil Dhirubhai Ambani Group) stocks are trading higher as Samajwadi Party (SP) is likely to clinch back power in Uttar Pradesh.
SP Tulsian, sptulsian.com says, weak trend is seen in all Anil Dhirubhai Ambani Group (ADAG) stocks — Reliance Power, Reliance Infra, Reliance Communications and Reliance Capital.
The trial in the biggest corruption case in the country got off to a noisy start in the court of Special Central Bureau of Investigation Judge OP Saini in New Delhi on Friday. As soon as the trial in the 2G spectrum allocation scam began the defence counsel objected to the trial being conducted in a cramped space.
Anil Dhirubhai Ambani Group firm Reliance Infrastructure today said it has bought back five lakh equity shares of the company from the open market.
Anil Dhirubhai Ambani Group (ADAG) company Reliance Telecom Ltd (RTL), an accused in 2G spectrum case, today refuted the allegation in a court here that Swan Telecom was its front company to get licenses for the radio waves.
Anil Dhirubhai Ambani Group (ADAG) stocks have slipped further today. Reliance Power, Reliance MediaWorks and Reliance Infrastructure recorded 52-week low.
Securities and Exchange Board of India (SEBI) has passed a consent order against Reliance Securities for alleged violation of the code of conduct, reports CNBC-TV18’s Sajeet Manghat.