HDFC SUBSIDIARY FILES DRHP WITH SEBI FOR IPO HDFC Standard Life Insurance Company, a material subsidiary of HDFC has on Friday, August 18, 2017 filed a draft red herring prospectus (DRHP) with Securities & Exchange Board of India for an initial public offer (IPO) of up to 29.98 crore shares of Rs10 each representing 14.97%

On Friday, Nifty opened the session with a downside gap amid weak global cues and soon after opening it showed further weakness. However, in the last hour of trade some recovery was seen, but it closed the day with losses of 66 points. On the daily chart a ‘Hammer’ like candlestick pattern has been formed.

Stocks to look out for Monday: Power Grid Corporation of India Ltd: Power Grid Corporation of India Ltd has informed the exchange that it has entered into loan agreement of US $500 million with Asian Development Bank. The stock will be watched on Monday. Bajaj Electricals Ltd: Bajaj Electricals Ltd has notified the exchange about

Infosys buyback priced at Rs 1,150 per share Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share via a tender offer. “The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from

Infosys plunges as MD and CEO Vishal Sikka resigns Vishal Sikka resigns as MD & CEO of Infosys; appointed as Executive Vice Chairman. UB Pravin Rao appointed as interim MD and CEO, stock to be in focus. Prima facie, we view this development as negative for Infosys. MCX drops as SEBI to submit auditor’s report

In the last trading session Nifty opened the session slightly higher and later profit booking emerged at higher levels and by the end of the day Nifty gave almost entire gains to end flat. A negative candle has been formed on the daily chart after a sharp up-move. Now going forward important support for the