Bull's Eye: Buy SBI, PNB, Petronet, Havells, Reliance Infra, Mindtree, BoB

where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

  

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week, Ashish Kyal, Rakesh Bansal and Vijay Chopra battle it out for top honours.

Below their top stock picks and analysis:

Ashish Kyal of Waves Strategy Advisors

Buy Gujarat Heavy Chemicals (GHCL) with a stoploss at Rs 338 and target of Rs 372

Buy Mahindra & Mahindra Financial with a stoploss at Rs 494 and target of Rs 544

Buy Havells India with a stoploss at Rs 568 and target of Rs 625

Buy Mindtree with a stoploss at Rs 742 and target of Rs 816

Rakesh Bansal of RK Global

Buy Bank of Baroda (BoB) with a stoploss at Rs 162 and target of Rs 183

Buy Punjab National Bank (PNB) with a stoploss at Rs 171 and target of Rs 195

Buy Adani Enterprises with a stoploss at Rs 192.8 and target of Rs 217

Vijay Chopra of enochventures.com

Buy Reliance Infrastructure with a stoploss at Rs 500 and target of Rs 535

Buy State Bank of India (SBI) with a stoploss at Rs 312 and target of Rs 325

Buy Celebra with a stoploss at Rs 50 and target of Rs 59

Buy Petronet LNG with a stoploss at Rs 240 and target of Rs 252

MORE WILL UPDATE SOON!!

Planning to go short? Think twice as Nifty is all set to hit 13,000 by December 2018

A cautionary stance is necessary at current level as the index is trading near key resistance levels, but as long as Nifty trades above key support levels, traders should avoid taking contra bets at current level and ride the momentum on the upside.

   

A historic day for Indian equity markets as Sensex rose above 36,000 for the first time while Nifty climbed Mount 11K on Tuesday. The relentless rally seen in Indian equity markets has surprised many technical analysts’ on D-Street which are now hinting at caution at least in the near-term.

A cautionary stance is necessary at current level as the index is trading near key resistance levels, but is it the time to go short? Well, as long as Nifty trades above key support levels, traders should avoid taking contra bets at current level and ride the momentum on the upside.

A large part of the euphoria could be attributed to pre-budget rally as investors are factoring a big bang growth focused Budget from the Modi government.

It will be futile to go short in this market at current level and investors should wait for a confirmation, that’s the word of advice coming from technical pundits who are tracking markets on a daily basis.

The Nifty registered breakouts across the time frames which is suggesting that the bull is still young and getting strengthened further with broad-based participation as laggards like IT have also become active and making new lifetime highs,” Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

“Metals have a long way to go which may help indices in maintain higher levels. Hence, post-budget if market sustains above the critical supports of 10300 (on monthly closing basis) one can expect the momentum to remain intact and in that scenario, we will not be surprised to see indices trading close to 13,000 levels between December 2018 to March 2019,” he said.

Considering the factors we have seen strong rally so far in the year 2018, mild profit booking decline is possible to post Budget but that would also be short-lived and investors who are looking to enter markets should have cash ready to be deployed.

“Riding the Bull Run, corrections are short lived. Profit booking would hit investors the most who are overleverages and have to clear the balances. For long-term investors, buy on dips is the right strategy,” Ritesh Ashar – Chief Strategy Officer (CSO) at KIFS Trade Capital told Moneycontrol.

“The current rally is largely on the back of strong Q3 earning and expectations from upcoming Budget. Investors can remain invested in quality stocks and quality management,” he said.

So where is the index headed?

Sameet Chavan, Chief Analyst, Technicals & Derivatives at Angel Broking

Ideally, when a particular move is in its early days, it is very easy to project targets. But, the kind of move we have witnessed in last 13 months, it becomes slightly tricky to give any particular figure as a target especially after 30% rise in such a short span.

Technically speaking, for the current year, the next projected level is around 11,700 and then possibility of 12,000 cannot be ruled out.

Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan

The Nifty50 can reach 11,300 over the next few sessions. Various technical parameters suggest that the trend is far from over, though there is the possibility of a pause for a breather.

Among sectors, IT & private banks have led the rally in its recent leg & now Metals look set to carry the baton forward.

Ritesh Ashar – Chief Strategy Officer (CSO) at KIFS Trade Capital

We see Nifty at 12,000 levels by December-2018. The last rally was led by small and midcap but this time it could be largecaps which will contribute to the new highs in the market.

We have already witnessed the participation of largecaps in January 2018 which is likely to continue. The foreign institutional investors (FIIs) are also back in action, ad in the month of January till date, they have poured over Rs 5,000 crore.

Pushkaraj Sham Kanitkar, AVP - Technical Research at GEPL Capital

We see Nifty50 rallying towards 12,500 by December-end. Profit booking could be on cards post Budget which should be used to buy in to quality stocks. Investors should avoid going long at current levels and wait for dips rather than chasing stocks at high valuations.

Hemang Jani, Head - Advisory, Sharekhan

The last leg of the Nifty move was swift (from 10,000 to 11,000). It just took 50 days to move past this key milestone. As we have a derivative expiry on Thursday, we could see short covering and then a bit of a cool off.

It is heartening to see index getting support from quality large caps e.g. Infosys, HDFC, HDFC Bank, HUL, and Reliance Industries. We continue to be positive on the markets and investors should look out for buying into quality banks (HDFC Bank, IndusInd), NBFCs like Bajaj Finance and Consumer names like HUL and Marico.

MORE WILL UPDATE SOON!!

Top 7 stocks which are preferred plays on budget expectation

We expect the government to project the fiscal deficit at 3.2% of GDP in FY19 from 3.5% of GDP in FY18.

Indian market is rose to fresh record highs ahead of the big event, ‘Budget 2018’. The S&P BSE Sensex rose above 36,000 for the first time while Nifty50 rose above Mount 11K registering fresh record highs.

This would be the last full-fledged of the Modi-government before the next general elections. The markets will be keenly watching if the budget takes a populist or a pragmatic approach.

There is an empirical case for populism as the only instance when an incumbent government was voted back to power in last four general elections, was when it went outright populist in its last budget (Congress-led UPA in 2009).

But, the need or a case for populism is weak, we expect the government to stick with fiscal prudence and a pragmatic budget in 2018. We expect the government to project the fiscal deficit at 3.2% of GDP in FY19 from 3.5% of GDP in FY18.

The global investment bank expects action in individual stocks which are likely to get impacted either directly or indirectly by Budget which include stocks like ACC, Bharat Electronics, L&T, M&M, Mahindra & Mahindra Financial Services, SBI, and UltraTech Cements.

  

The S&P BSE Sensex which rose from 35,000 to 36,000 in just 5 sessions could well rally up to 36,900 by December 2018, said the report. But, more specifically, sectors which are related to India theme are likely to hog the  Sectors and stocks to watch out for in the Budget 2018 include themes which are related to rural focus such as autos (esp. M&M, 2-W) and Cement (roads, housing-related announcements) could benefit. Citi prefers M&M and Mahindra Finance.

Public Capex such as spending on roads and affordable housing should benefit cement/infra companies like ACC, UltraTech Cements, L&T and PSU Bank recapitalization will be eyed which could be positive for PSU banks - SBI best pick among PSU banks. Lastly, any increase in allocation to defence should be positive for BEL

Citigroup expects further details on PSU bank recapitalization and higher allocation to rural infrastructure (housing, roads, and electricity) but fiscal consolidation to continue.

Direct tax relief is unlikely for corporates, although there could be a tweak in the lower slab for personal taxes. While any changes to long-term capital gain exemption rules for equities (e.g. 3 year holding period) will be a sentiment negative.

Importance of Budget on markets:

The importance of Budgets for markets appears to be declining. Over the years, the impact of the budget on the equity markets appears to have declined as the government has separated major policy announcements from the budget process.

Even indirect tax rate changes (excise tax, service tax etc. earlier and GST now) – an erstwhile major component of the budget announcements – are now announced through the year.

MORE WILL UPDATE SOON!!

Nifty likely to hit 11,100 levels ahead of expiry; 5 stocks which could give up to 20% return

The derivative data indicates that bullish scenario is likely to continue with Nifty having multiple strong supports at lower levels around 11000 & 11030 spot.

   

The Nifty is once again trading near all-time highs, and at current levels, derivative data reflects that still there is a lot of short position in Nifty futures and the index calls is outstanding.

Moving forward, we can expect another round of short covering as per current derivative data which could push the index towards 11150-11200 mark this week as the market undertone remains bullish with the support of consistent long buildup and short covering.

The derivative data indicates that bullish scenario is likely to continue with Nifty having multiple strong supports at lower levels around 11000 & 11030 spot.

Currently, Nifty is moving up, with a decent addition in the open interest which indicates strength in the current trend. Option writers were seen active in the recent rally as we have seen put writing in 10800, 10900 & 11000 strikes along with the unwinding in calls.

We have been continuously seeing open interest addition post expiry which indicates long buildup. On the technical front, 11000-10980 spot levels are strong support zone and the current trend is likely to continue towards 11150-11200.

Here is a list of top 5 stocks which could give up to 20% return in the short term:

Automotive Axles Limited: BUY| Target Rs 1980| Stop Loss Rs 1575| Return 15%

The stock has given a breakout above Rs1500 levels in the recent past on the daily charts. Since then it has been consolidating in the range of 1650-1750 and formed a bullish flag formation on the daily interval.

In Tuesday’s session, the stock witnessed a fresh breakout above the pattern formation along with marginal higher volumes. Traders can accumulate the stock in a range of Rs1720-1740 for the target of Rs1980 with a stop loss below Rs1575.

Sasken Technologies Limited: BUY| Target Rs 895| Stop Loss Rs 700| Return 16%

The stock is maintaining its Bull Run and forming higher highs and higher lows on the daily and weekly interval. However, from last three weeks, prices were seen consolidating in range of 720-775 with consistent buying at lower levels.

This week stock has given consolidation breakout above the recent range along with positive divergence on the relative strength index (RSI) and stochastic indicator. Traders can accumulate the stock in a range of 770-785 for the upside target of 895 with a stop loss below 700.

Sterlite Technologies Limited: BUY| Target Rs 464| Stop Loss Rs 340| Return 20%

After recent breakout above 300 levels stock risen sharply and tested 400 levels in short span of time. At current juncture stock has formed diamond pattern formation on daily charts and given breakout above the same this week.

Moreover, a sudden rise in volume along with rising price reflects strength in the current trend. So, traders can accumulate the stock in a range of 385-395 for the target of 464 with a stop loss below 340.

Escorts Limited: BUY| Target Rs 888| Stop Loss Rs 750| Return 11%

The stock has been trading in a rising channel on the weekly interval and has formed higher highs and higher lows. On the daily charts, the stock has retraced back towards its 50-days exponential moving average due to profit booking and took support thereon.

Once again we saw a fresh break above the falling trend line has been seen as once again prices risen sharply above its short-term moving averages. Traders can accumulate the stock in a range of 800-811 for the target of 888 with a stop loss below 750.

Varun Beverages Limited: BUY| Target Rs 800| Stop Loss Rs 635| Return 15%

The stock has risen sharply in the recent past from Rs520 levels to Rs720 levels in a short span of time. Since then, the stock retraced most of the gains and took support around 625 levels.

Due to recent retracement, the stock has formed a bullish flag formation on the daily interval. This week, the upside breakout has been witnessed above the pattern formation along with hefty volumes. Traders can accumulate the stock in a range of 695-710 for the target of 800 with a stop loss below 635.

MORE WILL UPDATE SOON!!

Failure to cross 11,100 could trigger profit booking; 3 stocks which could give up to 26% return

Failure to cross 11,100 can trigger profit booking dragging the Index lower to levels of 10,500-10,250. The Bank Nifty is also showing strength making new highs which can take the headline Index Nifty to 11,100 to 11,400 levels.

  

The Nifty index gained further momentum extending its 3rd impulse wave to make new all-time highs. Further, following this sharp up-move it is approaching its upper end of the rising channel resistance placed in the zone of 11,000-11,100.

Moreover, 161.8% extension of the wave 1 (i.e. 6833-8994) is placed at 11,400. Partial profit booking is advised as the Index approaches 11,400.

Further, the relative strength index (RSI) continues to form higher highs in line with price making higher highs affirming the strong bullishness dominant at the moment.

Failure to cross 11,100 can trigger profit booking dragging the Index lower to levels of 10,500-10,250. The Bank Nifty is also showing strength making new highs which can take the headline Index Nifty to 11,100 to 11,400 levels.

Here is a list of top 3 stocks which could give up to 26% return in the next 3-4 weeks:

Laurus Labs: BUY| Target Rs 620| Stop Loss Rs 520| Return 13%

On the weekly chart, Laurus Labs Ltd has broken out of a Triangle pattern (as indicated on chart). A sustained trade above Rs554 i.e. recent highs on higher volumes may trigger a bullish breakout.

On the daily chart, the stock is oscillating in a Pennant pattern after taking support at 61.8% Fibonacci retracement level affirming start of a bull trend on cards.

RSI has formed a positive divergence with respect to price after taking support at the 40 level. The stock may be bought in the range of 545-550 for targets of 595-620, keeping a stop loss below 520.

Prism Cement Ltd: BUY| Target Rs 180| Stop Loss Rs 124| Return 26%

On the weekly chart, Prism Cement Ltd has broken out from an ascending triangle pattern triggering a bull trend reversal. The neckline of the pattern is placed at Rs130, and a sustained trade above the neckline with healthy volumes can extend the up move.

On the daily chart, the stock is on the verge of a breakout from a flag pattern suggesting bullishness building up.

The RSI has turned upwards breaking out of the upper band of the Bollinger Bands suggesting higher levels in the coming trading sessions. The stock may be bought in the range of 140-144 for targets of 170-180, keeping a stop loss below 124.

Wonderla Holidays Ltd: BUY| Target Rs 477| Stop Loss Rs 380| Return 15%

On the weekly chart, Wonderla Holidays Ltd has broken out from a channel pattern triggering the start of a bull trend. Further, it has broken out of the channel after 2 years of consolidation strong upside momentum.

On the daily chart, is continues to form higher highs and higher lows affirming bullishness. Further, RSI has also broken down from the lower Bollinger band suggesting lower levels. The stock may be sold in the range of 412-417 for targets of 456-477, keeping a stop loss below 380.

MORE WILL UPDATE SOON!!

Netflix lifts S&P, Nasdaq; J&J, Procter hold Dow in check

The Dow Jones Industrial Average fell 3.79 points, or 0.01 percent, to 26,210.81, the S&P 500 gained 6.17 points, or 0.22 percent, to 2,839.14 and the Nasdaq Composite added 52.26 points, or 0.71 percent, to 7,460.29.

  

US stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson & Johnson and Procter & Gamble.

Netflix touched a record high of USD 257.71 and was last up 9.98 percent at USD 250.29, to cross the USD 100 billion market value threshold. The video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter.

Other stocks known as part of the "FAANG" group - Facebook, Apple, Amazon and Google parent Alphabet - also moved higher.

Insurer Travelers provided the biggest boost to the Dow, up 4.96 percent after profit topped estimates.

There has not been another time in this recovery where Main Street was doing well, where every economy in the world was doing well, and where so far there isn‘t really an overwhelming show that we have a significant inflation or interest rate problem which would mandate a valuation change.

Paulsen cautioned, however, that as the rally continued more challenges were mounting that could cause a pullback. "If it ever does turn, there could be a fair amount of correction," he said.

The S&P 500 has reached a streak of 396 trading days without a 5-percent correction, according to LPL Financial, the longest on record. The benchmark index has closed within 5 percent of a record in 467 of the past 468 trading days.

S&P 500 earnings growth for the fourth-quarter is expected at 12.4 percent, according to Thomson Reuters data through Tuesday morning. Of the 68 companies in the benchmark index that have posted results, 76.5 percent have topped Wall Street expectations.

The Dow Jones Industrial Average fell 3.79 points, or 0.01 percent, to 26,210.81, the S&P 500 gained 6.17 points, or 0.22 percent, to 2,839.14 and the Nasdaq Composite added 52.26 points, or 0.71 percent, to 7,460.29.

Johnson & Johnson fell 4.26 percent, dragged down by a USD 13.6-billion charge related to the new US tax law and a court ruling on a crucial patent on its blockbuster rheumatoid arthritis drug Remicade.

Procter & Gamble dropped 3.09 percent as investors focussed on a drop in gross margins at the world's largest consumer goods maker.

US President Donald Trump on Monday approved steep import tariffs on washing machines and solar panels, a move that was criticized by China, South Korea and Europe and stoked fears about potential retaliation.

In the wake of the tariffs, shares of Whirlpool rose 3.20 percent and smaller solar names such as Real Goods Solar , up 33.04 percent and Sunworks , up 10.71 percent, moved higher.

Verizon slipped 0.43 percent as its quarterly profit fell short of Wall Street estimates but revenue beat expectations as it added phone subscribers.

Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.28-to-1 ratio favoured advancers.

The S&P 500 posted 135 new 52-week highs and 1 new low; the Nasdaq Composite recorded 232 new highs and 16 new lows.

Volume on US exchanges was 6.78 billion shares, above the 6.38 billion average for the full session over the last 20 trading days.

MORE WILL UPDATE SOON!!

Asia shares surf global growth wave, dollar sinks

Most Asian stock indices are up anywhere from 5 to 10 percent since the start of the year with many at all-time highs.

   

Asian shares scaled record peaks on Wednesday as strong corporate earnings and optimism on global growth outweighed concerns over trade tensions, while a fresh burst of speculative selling took the U.S. dollar to three-year lows.

A 10 percent surge in Netflix led gains across the tech sector as it became just the latest to top forecasts. So far, 82 percent of reporting companies having beaten estimates.

Most Asian stock indices are up anywhere from 5 to 10 percent since the start of the year with many at all-time highs.

These markets are absolutely flying and have had seemingly one-way moves since late December.

There has clearly been a wall of capital hitting these markets, as is the case with many Asian currencies," he added. "One simply can't rule further upside here, even if there is growing risks of buyers fatigue kicking in."

Early Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan had inched up 0.1 percent, having jumped 1.2 percent on Tuesday.

Japan's Nikkei edged down 0.4 percent as the yen strengthened, but that was from a 26-year top.

Investors seemed to have shaken off worries about a trade war, sparked when US President Donald Trump's slapped steep import tariffs on washing machines and solar panels in a move condemned by China and South Korea.

China's blue-chip CSI300 index had ended Tuesday at its highest since mid-2015 having climbed almost 9 percent for the year so far.

On Wall Street, the beat by Netflix helped lift tech shares, though the Dow was hemmed in by declines in Johnson & Johnson and Procter & Gamble. The Nasdaq gained 0.71 percent and the S&P 500 0.22 percent, while the Dow edged down a slim 0.01 percent.

EUROPE ON A ROLL

In currency markets, the dollar remained under fire as investors wagered the Federal Reserve would be far from the only central bank to tighten this year as growth spread more widely.

The sea change has been greatest in Europe where a survey of consumers overnight showed confidence jumped to a 17-year high in January.

Both investors and consumers in Europe have started 2018 in a cheery mood, as the rotation away from the US as the epicentre of global growth continues.

The upbeat data only reinforced speculation the European Central Bank might take a step towards an eventual tightening at its policy meeting on Thursday.

That helped lift to euro to USD 1.2312 and back towards the three-year top of USD 1.2322 touched last week. The dollar was already at a fresh three-year trough against a basket of major currencies at 90.003 .

It also ran into selling against the yen even though the Bank of Japan tried hard on Tuesday to quash talk it might curb its massive asset buying campaign anytime soon.

The dollar was last down 0.1 percent at 110.16, having hit its lowest since September at 110.06.

The British pound also powered past USD 1.4000 to its highest since the vote to leave the European Union in June 2016, aided by optimism around Britain's chances of securing a favourable Brexit deal.

The dollar's decline has been a boon to commodities priced in the currency, with gold edging up to USD 1,341.56 an ounce.

Oil prices were consolidating after jumping more than 1 percent on Tuesday, with benchmark Brent crude hitting USD 70 a barrel for the first time in a week.

Brent futures were yet to trade at USD 69.96, not far off the three-year high of USD 70.37 reached on Jan. 15, while US crude added another cent to USD 64.48 a barrel.

MORE WILL UPDATE SOON!!

What changed for the market while you were sleeping? 12 things you should know

A list of important headlines from across news agencies that could help in your trade today.

   

The Nifty, which started on a flat note on Monday tracking muted trend seen in other Asian markets, recouped morning losses and ended at yet another record closing high making a strong bullish candle on the daily candlestick charts.

The index, which opened at 10,883, slipped marginally to an intraday low of 10,881.40. The bulls quickly took control and pushed the index to a fresh intraday high of 10,975.10. The index finally closed 71 points higher at 10,966.20.

According to Pivot charts, the key support level is placed at 10,906.7, followed by 10,847.2. If the index starts to move higher, key resistance levels to watch out are 11,000.4 and 11,034.6.

The Nifty Bank closed at 27,041.2. Important Pivot level, which will act as crucial support for the index, is placed at 26,896.63, followed by 26,752.06. On the upside, key resistance levels are placed at 27,130.33, followed by 27,219.47.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.

Stocks hit record as US markets end higher

US stocks advanced on Monday as each of Wall Street’s main scored records in the wake of a deal by US senators to end the federal government shutdown. The Dow Jones Industrial Average rose 142.88 points, or 0.55 percent, to 26,214.6, the S&P 500 gained 22.67 points, or 0.81 percent, to 2,832.97 and the Nasdaq Composite added 71.65 points, or 0.98 percent, to 7,408.03, Reuters reported.

Asian shares gain following firm US lead

Major Asian indexes rose on Tuesday following the stronger lead from Wall Street after U.S. lawmakers reached a deal to end a government shutdown. Japan's Nikkei 225 rose 0.64 percent in early trade while the Kospi added 0.36 percent as automakers traded mostly higher on the day, CNBC reported.

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 40 points or 0.36 percent. Nifty futures were trading around 11,007-level on the Singaporean Exchange.

Republicans, Democrats reach deal to end US govt shutdown

Congress voted on Monday to end a three-day US government shutdown, approving another short-term funding bill as Democrats accepted promises from Republicans for a broad debate later on the future of young illegal immigrants, reports Reuters.

NPAs to rise to Rs 9.5 lakh cr by March-end: Report

India's banking sector will be saddled with gross non-performing assets (GNPAs) worth a staggering Rs 9.5 lakh crore by March-end, up from Rs 8 lakh crore in the year-ago period, said the Assocham-Crisil study.

"The recovery rate, which is a good indicator of the effectiveness of ARCs is expected to rise from 38 per cent earlier to about 44-48 per cent," it said.

India to grow at 7.4 percent in 2018: IMF

India is projected to grow at 7.4 percent in 2018 as against China's 6.8 percent, the IMF said on Monday, making it the fastest growing country among emerging economies following last year's slowdown due to demonetisation and the implementation of the GST.

Corporate bond investment limit oversubscribed, FPIs bid for $2.2 bn

Corporate bonds attracted bids worth Rs 13,900 crore (USD 2.2 billion) from foreign investors as against the debt investment limit of Rs 9,475 crore on offer in an auction on Monday, stock exchange data showed. Till Thursday, the total investment in the corporate debt category reached Rs 2,15,848 crore, which is 96 percent of the total permitted threshold of Rs 2,25,323 crore.

India has best growth prospects among 7 big economies: Report

The country has the best growth prospects among seven large economies of the world, including China and South Korea, a study done by a global logistics major said on Monday. This is due to "strong and sustained increases in both air and ocean freight in and out of the country", DHL and consultancy firm Accenture said.

"More than any of the world’s largest economies, India’s major industries have displayed levels of resilience and growth that will buoy business confidence in the short to medium turn," DHL global forwarding India's managing director George Laswon said.

Apollo Micro Systems closes 65% higher on Day 1 of listing

Shares of Apollo Micro Systems closed 65 percent higher to its issue price of Rs 275. The stock had gained a whopping 74 percent in the opening tick at Rs 478 on the BSE. Aryaman Financial Services was the book running lead manager to the offer.

1.4 mn jobs vulnerable to disruption in US: WEF report

As many as 1.4 million jobs in the United States will be vulnerable to disruption from technology and other factors by 2026, a World Economic Forum (WEF) report said on Monday.

Route Mobile files Rs 600 crore IPO papers with Sebi

Route Mobile Limited on Monday filed draft papers with markets regulator Sebi to raise an estimated Rs 600 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of shares worth Rs 350 crore and an offer for sale of up to 65 lakh shares by founders Sandipkumar Gupta and Rajdipkumar Gupta, draft papers filed with Sebi showed.

Motilal Oswal Investment Advisors, Yes Securities and IDBI Capital Markets and Securities will manage the company's IPO.

39 companies scheduled to report results today

As many as 39 companies are scheduled to report their results for the quarter ended December 2017 which include names like Can Fin Homes, United Spirits, RBL Bank, Indiabulls Housing and RBL Bank to name a few.

MORE WILL UPDATE SOON!!