Floor

Jump to

Uptrend near exhaustion; build positions in bank stocks

The market has again entered a trading area or zone where it is too volatile to take any kind of directional call. The floor or the support price for this zone seems to be at 5900. Market experts see this as a sign of the market uptrend getting exhausted. The Sensex on Wednesday closed at 19,948.73 and the Nifty at 5973.30.
Cabinet fixes base price for spectrum auction at Rs 14000cr

The cabinet has approved fixing a floor or minimum price of Rs 14,000 crore for auction of telecom spectrum.
ONGC auction sale: Floor price set at Rs 290 per share

The government has decided to set the floor price of ONGC’s auction sale at Rs 290 per share. The govt is likely to raise Rs 12405 crore at the floor price by offering 42.77 crore shares. The floor price is 2.3% premium to the current market price.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347

Floor

Uptrend near exhaustion; build positions in bank stocks

Cabinet fixes base price for spectrum auction at Rs 14000cr

ONGC auction sale: Floor price set at Rs 290 per share