Nifty forms solid bear candle, may slip till 9,870; Even Jhunjhunwala, Kalparaj own stakes in shell companies

ET Markets Daily Brief | Tue, Aug 08, 2017 | 06:11 PM IST Follow ET Markets

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Tech view: Nifty50 forms solid bear candle, may slip till 9,870 If Nifty slips below 9,950 level, the correction should get extended up to the 9,775 level. ETMarkets After Hours: Metals only bright spot in a 'shell'-shocked market Selling frenzy gripped stocks, pushing the headline S&P BSE Sensex 259 points lower to 32,014. Even Jhunjhunwala, Kalparaj own stakes in shell companies Besides them, mutual funds and foreign institutional investors also hold stake in these cos.

Interview One to One "We should be focusing on stocks which can actually take advantage of the cyclical upturn"... Mahesh Nandurkar , CLSA

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Market Watch 8 Aug | 06:11PM| SENSEX NIFTY USD/INR GOLD 32014.19 ↓-259.48 9978.55 ↓-78.85 63.63 ↓-0.18 28496.00 ↑39.00

Gainers Losers 8 Aug, 2017, 06:11PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Dhanuka Commercial Ltd. 9.80 19.37 40000 9.80 9.80 Pacific Industries Ltd. 155.55 15.22 1254 160.00 141.00 GRM Overseas Ltd. 159.50 10.00 3351 159.50 145.15

Tweet of the day... Saudi Arabia cuts crude oil allocations in Sept by more than its Opec pledge

FROM THE NEWSPAPER

Slow start to RERA: Realty stocks plunge up to 20% RERA has seen sluggish implementation as 11 states are yet to notify final rules. These 331 shell company stocks have stopped trading from today Shell companies are dubious entities that are generally used for laundering illegal funds. WATCH | Crackdown on shell companies: What does it mean? Amit Tandon MD, Institutional Investor Advisory Services (IIAS), gives us a lowdown on what Sebi's move really means to investors. Quick bucks? Grab these stocks pulled down by one-off negatives Surprised! This is a new theme select people are tracking closely on Dalal Street! Rs 75,500 crore RIL debt maturing, Ambani may hit bond mart soon The debt has ballooned over the past 5 years as the co invested in building its telecom unit.

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