From
Today onwards the IPO of Bharti Infratel is opened for the
subscription. IPO price band is placed between Rs 240 to Rs 210.
Company to sell about 19 million shares through the IPO.Anchor
Investors bought 15 percent of the total shares at the rate of Rs 230
per share.
Real
estate stocks HDIL, Unitech, Indiabulls Real Estate and DLF has
managed to close with a gain. Pharma stocks Dr Reddy's, Cipla and
Piramal Enterprises closed up. However, due to rupee TCS, Hexaware
and MphasiS shares fall as it closed at. Increased pressure from SAP
of sugarcane in UP Balrampur Chini, Bajaj Hindusthan and Shree Renuka
Sugars such as Chinese companies engaged in the business also closed
with weakness. Also because of the uproar in Parliament on Wal-Mart's
lobbying Pantaloon Retail, Provogue, Shoppers Stop and retail
companies such as V 2 Retail plummeted. 50 Share Nifty Trend is
expected in the bullish side. Nifty is likey tp take the resistance
level at around 5950 with strong support of 5842.
Intraday
Stock Trading Tips For Tomorrow 12 December
Pantaloon
Retail is a buy call at current market price for the target of 232.
Jet
Airways will be buy call on small dips for the Target of 547.
Mahindra
Satyam is Sell call for the target of 93.20.
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