Infibeam Performing Great on Stock Market Debut

On Monday Morning Session, Infibeam Incorporation has given a wonderful opening on its Stock Market Debut. The company has raised 450 crore rupees through its Initial Public Offer (IPO) and listed the shares today. In India, it is the first time any e-commerce company has got listed. Infibeam is a portal that avails online retailing, e-commerce software and internet services. Mr. Vishal Mehta the CEO has founded the company in 2007 and established the root in Ahmadabad. Now the company has offices in Delhi, Bangalore and Mumbai with having around 1300 employees. As the company is totally new in the market it might face some difficulties at initials, but in Indian Stock Market the company has been performing great since morning. Infibeam Stock is currently live at 452.25 with the hike of 22.25 points which is around 4.69%.

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.

Turmeric prices hit 4% lower Circuit on Higher Supply in the spot Market @ Updates By Money maker Research

NCDEX Turmeric futures witnessed bearish trend tracking higher availability of stocks in the market. They opened positive note however trade in negative note for major parts during previous trading session.

- April contract closed the trade at Rs.8460/quintal, down by 3.82% from its previous close. We continue to sell Turmeric futures during today’s trading session. Increase in stocks in the spot markets amid moderate demand may weigh negative sentiments on the market.