Vimal rathod stock market

Vimal rathod stock market

Author: Sopper Date of post: 17.07.2017

Intelligence Bureau suspected insider trading in shares of three companies namely Ruchi Soya, K. Intelligence Bureau suspected that a market operator Vimal Rathod was accumulating shares of these three companies on behalf of investor C Shivasankaran.

Suspect rigging in Ruchi Soya, KS Oils, Karuturi Global: IB Report - The Economic Times

The IB had reportedly passed on the information to the CBI and the market regulator, SEBI for further action. Though, the management of Karuturi Global denied any involvement in price manipulation, the stock was hammered down by the bear cartel. Despite good results the stock went down below Rs 10, as the sentiments remained bad. Share price of K. Oils too received the same treatment and was hammered from a 1 year high of Rs 62 to Rs However Ruchi Soya put up a brave show which escaped from the brunt of the bear cartel punishment as the promoters had hiked their stakes from Increase of stake in a company by promoters helped to boost investor confidence.

In the current meltdown many mid caps were beaten down by the bear cartel but the Karuturi Global and K.

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Coming back to the markets, yesterday the BSE Sensex lost Nifty October futures closed at a premium of 3. The market breadth turned out to be negative.

On BSE, 1, shares fell and 1, rose. Among the Sensex pack, 18 stocks rose while 12 of them declined. What to expect from the market now? We do not expect a downtrend at this stage.

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The market is in range of ! Right now we may not be able to tell if Nifty can do it. Overnight Dow had a worst outing which could have an impact in the opening session.

Notify me of follow-up comments. FANG stocks crashed on Friday! Market is at all time high.

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