Shares in focus: Antony Waste, ONGC, DHFL, RIL, Reliance Home Finance, IDBI Bank, Canara Bank

RIL, Antony Waste Handling Cell, ONGC, Canara Bank, shares in focusAnalysts say any aggressive new purchase should definitely be avoided at current levels.

After moving up the six consecutive sessions, BSE Sensex and Nifty 50 stared at a gap start on the first day of the week, as trends at SGX Nifty suggest. Nifty Futures traded 52.50 points at 13,729.50 on the Singapore Stock Exchange. Global signals will continue to drive the market trend in the absence of a major domestic event. “We remain on a cautiously bullish outlook and suggest that traders see the longs slightly as the market is stretched in the short term. Any aggressive new purchase should be avoided at the current level. Immediate support for Nifty is now at 13450. Below 13450, we may receive confirmation of a short profit booking step down which can then retest the 13000-12800 zone, “said Nirali Shah, senior research analyst at Samco Securities.

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Antony Waste Handling Cell: Antony Waste Handling Cell will go public today for Rs300. The company has set the price range of the issue at 313-315 rupees each. The public issue ends on December 23, 2020 for subscription.

ONGC: West Bengal has been added to ONGC’s oil and gas map. The eighth field in Ashoknagar in West Bengal began commercial production on Sunday. ONGC first extracted 20 kiloliters of crude oil from the Ashoknagar oil fields in early November this year and sent it to Indian Oil’s Haldia refinery for processing.

DHFL: Dewan Housing Finance Corporation (DHFL) creditors’ committee (CoC) is expected to meet again this week to discuss the bids submitted by applicants, sources close to Development FE said.

Reliance Home Finance: Six applicants, including Kotak Special Situations Fund (KSSF) and Asset Reconstruction Company (India) Limited (ARCIL), have submitted bids for Reliance Home Finance, which is part of the Anil Ambani-sponsored Reliance Group. Only two bidders submitted compliant and binding bids, while four bids are non-binding and do not meet the bid conditions, PTI sources cited.

Reliance Industries Ltd: RIL and its partner BP are getting just $ 4.06 per unit for the new gas they started producing from the eastern offshore KG-D6 field, despite discovering a higher rate in an open market auction, PTI sources quoted .

IDBI Bank: IDBI Bank raised Rs 1,435 crore by issuing shares to 44 qualified institutional investors. The bank had set itself the goal of raising Rs 2,000 crore (base size Rs 1,000 crore and green shoe option of Rs 1,000 crore) through the QIP issue at a minimum price of Rs 40.63 each.

Canara Bank: Canara Bank clarified on Saturday that the account of M / s Transstroy India Ltd, which was reported to RBI as fraudulent on February 10, 2020, carries a risk of Rs 678.28 billion, of which a 100 percent Provision has been made in the account.

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