The current trend is likely to head north and on the technical front any break above 11000 levels will definitely add further buying momentum towards 11100 levels.
The current rally is into its 6th session and the index has now reached overbought levels. Experts feel that the rally may not stretch further on the upsides beyond a point.
Capital First Limited The company will allot 83.6 lakh shares for Rs 128 crore to Warbug Pincus affiliate Cloverdell Investment and another 32.5 lakh shares to HDFC Standard Life Insurance Company for Rs 50 crore. Post the transcation, the Cap[ital First's combined Tier 1 and Tier 2 capital will increase to Rs 1791 crore.