Bharti Airtel divests 83 mln shares of Bharti Infratel for Rs 3,325 crore

Bharti Airtel today expressed that it has divested 83 million shares of its assistant, Bharti Infratel, for Rs 3,325 cr through alternate share sale in the stock market. The sale was done @Rs 400.6/share, representing a discount of 3.6% to the previous day's closing price.

Bharti Airtel, India's enormous medium function, will primarily utilize the incomes from this selling to decrease its indebtedness, as per report. Airtel's united indebtedness stood at Rs 91,480 crore as on Sept 2017. Bharti Airtel and its wholly owned assistants together have an asset holding of 53.51%in structure institution Bharti Infratel, the company said.

Indian Energy Exchange IPO to open on 9 October

Indian Energy Exchange Ltd’s (IEX) IPO is all set to open for subscription from 9-11 October. The IEX has set a price range of Rs 1,645-1,650 per equity share of face value Rs. 10. It is expected to garner Rs. 1000.73 crore from the offer at the upper end of the price band by selling 60.65 lakh equity shares. The floor price of the shares is 164.5 times the face value and the cap-price is 165 times of the face value. 

The IPO will see a sale of 60,65,009 equity shares by existing shareholders which included Tata Power Company,  private equity arm of AB Group, Madison India Capital and Multiples Alternate Asset Management. IEX is India’s first power exchange providing automated trading platform for electricity and renewable energy certificates.

Sensex closes down 221.73 points, Nifty Ends below 9200 on geopolitical concerns

Benchmark BSE Sensex edged lower, tracking Asian share markets as geopolitical worries grew after the U.S launched cruise missiles against an air base in Syria.
Both indices have gained near 0.8 percent on the week, and are heading for a second successive weekly gain. Telecom major Bharti Airtel and Idea Cellular rose near 2.53% and 3.35%, respectively, after their competitor Reliance Jio Infocomm,  announced that  the telecom regulator had asked it to withdraw a three-month complementary offer to subscribers.
The Nifty Realty index rose nearly  1.14% to its highest in nearly two years. Reserve bank of India on Thursday said it has allowed banks to invest in REITs and  InvITs within regulations set by the capital markets regulator.
Indiabulls Housing Finance was down 2.19%, after the company announced that it has allotted its 15th tranche of NCDs aggregating to Rs 1,000 crore on a private placement basis.
The Indian rupee strengthened to a fresh 20-month high against the USD, a day after RBI increased reverse repo rate and conveyed concerns about inflation. The rupee was trading at 64.41, up 0.20%, from previous day’s close of 64.54. It opened at 64.70 a dollar and touched a high of 64.33.

Sensex eases as April series eyes negative note; RIL top gainer

The benchmark Index Nifty-50 pared all its initial losses to settle the first day of the April Future & Option series flat as investors booked profits in recent outperformers. On closing Friday, the BSE Sensex ended at 29,620, down 27 points, while the broader Nifty50 ended flat unchanged at 9,173.
The broader market outshined with the BSE Midcap going up 0.8% and the BSE Smallcap going up 0.7% and hit their fresh lifetime highs. On BSE, about  1620 shares rose and 1121 shares fell while  232 shares were unchanged.
Reliance Industries Ltd, SBI, HCL Technologies and Adani Ports from the Nifty50 index  hit their respective 52-week highs on the NSE. Reliance was the top gainer both on the Sensex & Nifty ending 4% higher at Rs 1320. Reliance’s telecom venture Reliance Jio’s  prime membership offer is set to expire today.

Stocks Trading levels and Advices for Trading

KOTAK Bank: kotan bank CMP 684 you can Buy 676 a solid support SL 666. Up it'll spurt up to 699 & 709.

AXIS Bank: (443) Buy 438 a solid support SL 432. Up it'll spurt up to 456 & 466.

Yes Bank: (866) Buy on declines 859 & 855 crucial supports SL 849. Up it'll spurt up to 878 & 892.

HERO MOTO: (2922) Buy 2891 & 2880 solid supports SL 2860. Up it'll spurt up to 2962 & 3012.