Today Stock Corner And Technical Outlook

Stock Corner:

  1. Reliance Industries clarified on the news regarding Department of Telecommunications rejecting Reliance Communication-Jio spectrum deal stating that a correspondence was received by the company from DoT on Dec. 18 with respect to application and the company is seeking appropriate clarifications in this regard.
  2. Canara Bank board decided to raise additional Tier I capital through Basel III compliant additional Tier I perpetual bonds in rupee terms for an amount not exceeding Rs3,000cr in single tranche or in multiple tranches, depending on the market conditions & subject to necessary approvals.
  3. Uflex launched three packaging foil solutions for pharma companies. Executive Director Amitava Ray said that the ‘fast tear strip’ foil will prove to be a game-changer for the pharma industry globally and they saw a potential growth market of 5,000 tons annually in India.
  4. Coal India seeks to buy coking coal mines in Australia and Canada. The state run-miner has identified “certain assets’, which are under different stages of due diligence, Coal Minister Piyush Goyal tells lawmakers in a written reply to questions, as per media reports.
  5. Tata Consultancy Services launched Cloud Solutions Program in Canada. This solution provides cloud infrastructure and secured functioning between premise and public cloud environment.

Technical Outlook:

Top Gainers

YESBANK 186.8
HINDPETRO 244.3
BPCL 370.5
UPL 772

Top Losers

GRASIM 828.5
SBIN 294
BHARTIARTL 315.85
WIPRO 333.5

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