Today in Intraday Bulls are not ready to give a single chance to bears for the
second consecutive session today. The 50-share NSE Nifty hit another milestone
of 8100-mark in afternoon trade supported by HDFC, HDFC Bank, ITC and Bharti
Airtel. The index surged 71.50 points to 8099.20 and the 30-share BSE Sensex
rose 208.46 points to 27076.01 while the BSE Midcap and Smallcap indices gained
1 percent each.
About 1777 shares have advanced, 1079 shares declined, and
119 shares are unchanged. UR Bhat of Dalton Capital expects the Nifty to be
rangebound between 7700 and 8200 over the next 6-12 months, even as the market
is in the midst of a multi-year bull run.
Sources claim Adani and Jindal Steel and Power Limited
(JSPL) are among the companies eyeing this sale. Adani Group refained from
commenting on this development. Lanco Infra has a debt of Rs 34,297 crore and
has been trying to offload its assets.
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