Indian Share Market Reviews 23 March

Script	S1	S2	S3	Pivot	R1	R2	R3
Nifty	8993	8966	8919	9057	9067	9095	9142
Banknifty	20688	20616	20495	20851	20875	20947	21068

Key benchmark indices broadened day picks up in morning trade drove by increases in index heavyweight Reliance Industries and L&T. At 10:30 IST, the indicator index, the S&P BSE Sensex, was gain 98.16 points or 0.34 Percent at 29,265.84. The Nifty 50 record was up 27.05 points or 0.3 Percent at 9,057.50. Optimistic Asian stocks supported sentiment. local shares edged upper in early exchange on optimistic Asian shares.The BSE Mid-Cap record was gain 0.8 Percent. The BSE Small-Cap index was gain 0.9 Percent. Both these indices beat the Sensex. The expansive market delineated health. There were more than 2 gainers against each failure on BSE.

Shares in News

Delta Corp increased 1.31 Percent after the organization said its board approved a proposal to hike Rs 750 crore by issuing equity stocks or other allowable securities through qualified institutional arrangements (QIPs). The declaration was made later exchange hours yesterday, 22 Mar 2017.

Hindustan Zinc said its board of directors at a meeting hung on Wed, 22 Mar 2017, approved special interim dividend of Rs 27.50 for each share for the year closed 31 March 2017 (FY 2017). The record date for the payment of between time dividend is 30 March 2017. The declaration was made later exchange hours yesterday, 22 Mar 2017.

State Bank of India (SBI) reported that it has made payment of Rs 219.93 crore on 22 March 2017, to the qualified bondholders of under Upper Tier-II subordinated bonds issued on 22 Mar 2007, by the recent State Bank of Indore since merged with SBI. The declaration was made later exchange hours yesterday, 22 Mar 2017.

IndusInd Bank reported that the finance committee of the board yesterday, 22 March 2017, allotted debentures for money totaling to Rs 1000 crore on Private Placement premise towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds). The bonds would be recorded on the wholesale debt market (WDM) section of National Stock Exchange of India (NSE). The declaration was made later exchange hours yesterday, 22 Mar 2017.

Axis Bank declared that its board passed a determination approving the allotment of one year senior fixed rate notes totaling to $16.2 million under the MTN Program through its Dubai International Financial Center (DIFC) branch. The declaration was made later exchange hours yesterday, 22 Mar 2017.

Menon Bearings reported that the organization has transferred its whole stake held in Flyga Auto, a completely owned subsidiary and subsequently ceases to be subsidiary of the organization from 22 March 2017. The declaration was made later exchange hours yesterday, 22 Mar 2017.

Hindustan Composites reported that a meeting of the board of directors of the organization is planned to be hung on 10 April 2017, to consider additionally issue of stocks by method for bonus stocks, to consider the sub division of face value of equity stocks of the organization and to consider looking for approval of the shareholders of the organization through postal poll prepare for the same. The declaration was made later exchange hours yesterday, 22 Mar 2017.