Latest Business news just at breakout!!

Indiabulls Housing Finance to marry Lakshmi Vilas Bank finally?

Sudden upmove seen in Indiabulls Housing Finance stock since past few minutes taking the stock up 10% intraday to Rs 680 per share. While Lakshmi Vilas Bank shares shot up to Rs 67.30 per share i.e. up around 10 pc.

These moves are seen ahead of the NCLT hearing. Is there a colour of positivity in the air for them? Time will tell.

Crude Oil prices may support a smoother economic growth (Recovery)

WTI crude set for 1st weekly close below 200 weekly moving average since November 2018. If that happens, technically the support level should break leading to more downward pressure.

Fingers crossed !!

Jet Airways shares moved to Trade to Trade segment

Jet Airways stock drops dead by 20 pc intraday trading at Rs 88 down by Rs 22 a piece on NSE's decision to remove the scrip from Daily trading from June 28th. Worries seem to keep mounting.

Financial Services shares face trouble

Yes bank drops 9 pc on weak sentiments fueled by UBS's target downgrade over exposure to non investment companies. Share was trading at the time of writing at Rs 122 per share which is nearing its 52 week low.

While Nifty Bank index was trailing by 0.82%, major banks showed losses from 2.5% to 9%.

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