HAL is likely to buyback 10 percent of government shares, which will fetch the government exchequer around Rs 4000 crore.
Overall, markets are expected to remain volatile. The Nifty has managed to hold on to the 8,350 mark so far. If the outcome in Greece is positive, we could see Nifty touch 8,500 yet again. On the other hand, if the Nifty breaks 8,250, we could see a fall to 8,000 levels again soon.
The Prime Minister‘s Office (PMO) last week convened a meeting of the public sector undertakings (PSU) heads to set aside capex for FY14.
Speaking about India and forthcoming Budget, Seth R Freeman, CEO, EM Capital Management says he wants the Indian government to continue to sell stake in some of the public sector undertakings (PSUs) and Specified Undertaking of Unit Trust of India (SUTTI) holdings.
In an interview to CNBC-TV18, Anu Jain of IIFL Private Wealth Management shared her reading of the market from a technical perspective. She expects the December F&O series to expire around 6,070-6,120 levels.