INTRADYS TRADES & NEWS

AXISBANK is one among the top traded stocks. Moreover 57% of the trades are deliverable volume. It signals Derivative traders were aggressive in unwinding long positions. Open interest reduced by 3.23 %. It is trading below its recent support zone. The Near term resistance is seen around 664.

Top News Of The Day

Vedanta Bid For Essar

• Vedanta has shown interest in bidding process of Essar steel  but Vedanta finds the Rs 42000 crore for essar’s assets to be quite high.

Maruti Board To Decide On Bhargava

• R C Bhargava, chairman of India’s largest carmaker Maruti Suzuki said it is upto the car company’s board to decide on his directorship a day after he and 14 others were removed as directors of troubled infra firm IL&FS by the government. 

IL&FS Needs To Monetise Assets

• The incoming board of IL&FS may look at structured deals and monetisation of assets to pay back investors and lenders. 
• The group has outstanding borrowings of nearly Rs 91,000 crore, and Rs 57,000 crore of it was through bank loans.