APTECH

APTECH probably a start of fifth wave above 144 will have a smooth ride keep sl at 132
cheers
rish

ARCHIES

archies looks like in a process of completing full cycle 5 impulsive and 3 corrective waves now can keep an eye on red line which will indicate the start of a new wave cycle above 171 it will be good to make a long position in it.
cheers
rish

IPO BULL

MUMBAI: Shares in Internet firm Info Edge (India) Ltd debuted at Rs 491 on the BSE on Tuesday, up 53.4 per cent to the initial public offering (IPO) price of Rs 320 per share. At 2.30 pm, it was quoted even higher at Rs 605 on volumes of 59.54 lakh share s. It touched a high of Rs 605 during the day.

The pricing was at the top end of the indicated Rs 290-Rs 320 price band. The firm's 5.32-million-share offer was bid more than 50 times.

Anil Ambani plans global M&A fund

Anil Ambani is in talks with George Soros, private equity firm Blackstone and Singapore state investment firm Temasek about launching a $5 billion global buyout fund, a paper reported on Monday.

Ambani, one of richest men who controls top CDMA-mobile services provider, Reliance Communications Ltd, has put up $500 million of his personal wealth and has received commitments of up to $2.5 billion from other investors, the Economic Times said.

The fund, which was likely to be based in Singapore, would focus on firms in telecoms, media, communications technology, software, IT-related and broadband services, the paper said, quoting people familiar with the development.

The fund could look for "big-ticket acquisitions" in Asia and the Middle-East, the paper said.

courtesy:- sify finance