what can be price of 5000put ,if nifty touches 5200

hi CB ! gud morning

hi CB,
what ur view about ABAN for today.

Hi Bhanu, its facing strong resistance near 1300 levels. for now may remain flat. has support at 1215.

Hi Chandrika, Good morning. it should see some bounce. around 4-5rs.

Hi senthil, yes, it looks good.

Hi Kb, good morning..

Hi Chandrika, seems will remain a bit flat.

Hi varun soni, Good morning. let them stop falling.as of now they are continuing to see some selling pressure and are also volatile.

cn v go short on renuka sugars for intraday?

good morning cb,

u think short at opening or wait till 5150ish

Hi tuff money, Good morning. lets wait..

Hi CB,
how's Core Projects & Technologies Ltd for intraday?

Hi SOM, no, momentum call.

Hi CB,

Yesterday we have seen a spurt in the volume of SELMCL, should we consider this as a buying oppurtunity and remain long. This is ofcourse a delivery call of yours, should we buy more for short term.

Also your suggestion on Garware Polyster.

Thanks
Karthik

Hiiiiii CB Good Morning

Hi SOM, news on it is petty good. lets see. should do well

Hi Justinkase, karuturi has good support at 17. can see some bounce from here. not sure of fcs

Hi Karthik, yes, did witness some buying interest in early trade. hold it for short/med term. it will give good returns.

Hi ttsathya, siemens looks a bit weak. hold onto jsw and gspl for now. keep sl at 5090 on nifty. markets may remain flat today too it seems.

Hi avi, Good morning/

Hi SunilRao, Good morning..

hi CB gud morning, how is shiv vani, voltas for intraday, wht price to enter and exit

Hi CB!
Good Morning!
Shall I short sell Bhel at Opening?

i hv buy 4900 nifty put @ 21.50 so hold or sell ?????????

CB,

suggest your view on Hyderabad Ind which is quoting around Rs 610, can we buy at this rate or should wait, let us know the approximate price to enter this stock if its a buy..

Karthik

good morning CB
what is target for selmcl for today

Hi ASri, it should see some recovery. hold it

Hi chandu, ok thanks

Hi MUNISH, around 86.

ok cb thanks

Hii C.B. Gud Mrng....What is intraday target in RIL 1020 Call....?????????????

Hi JASEEM, yes, one can short it on rise.

Hi Lata, most welcome

Hi sadiq, around 175.

Hi Sandeep, Good morning. it faces strong resistance around 1030-1040 levels. for now seems may remain flat.

Hi ashok khiara, thanks.

Hi CB holding 200 nifty march 5000 put at Rs.35/- what to do?

Hi sadiq, most welcome

Hi VBC, for now hold it. markets are directionless as of now. keep it for 2-3 days. stocks are indicating some weakness. should see some selling pressure in coming days.

Hai cb good morning.

Hi seshu, Good morning

Hi Lata, can add 4-5rs.

hi cb shall i buy globus spirit and abg shipyard for intraday

Hi svk, globus can be bought in small quantity

Dear CB,

Can i buy TCS 800 CA now?

Warm Regards,

DS

Hi CB, can i buy sterlite & Escorts @CMP for intra day ? please advice the target price for these

Hi CB,

Your advice for GSPL (93.10) & Petronet (79), pls.

Hi CB,
Can i enter into Dhampur sugar or Balram Chini?

Hi CB.. Do you see more upside from here or down for NIFTY?

Hi cb, at which price to enter fortis

Hi inder, no, not sure about it

Hi bikkie, enter in small quantity for short term.

Hi Anurag, depends on the iip data, till then seems to be flat.

hi cb,
can i short buy cairn india and rcf for the day

Hi Good Morning CB, Can you plzz advise intra day tgt for Cairn India?

Hi H S MEHTA, for now hold it. has good support at 51.50 levels

Hi inder, no, not yet

Hi krishnan, Good morning. it can see 261.

whats ur suggestion about arssinfra for today ??? Will it go up or shall i square off at current level ??

hi CB, Can i take 5100 Call?

Hi nagesh, not yet

HI Cb, Forties healthcare is at 185 suhd i buy for intraday any target

cb…………..wats ur view on SBI? I’m holding SBI 2130 CALL@14 and now its trading @10.85. wat should i do ? should i hold it or book loss? wats the stoploss for SBI?
plz reply.
thnx

Hi pawan, no, dont enter it now.

Hello CB,

GM. Intraday target for Allahabad Bnk & Bata India

Hi CB, Goldstone infratech 13% up. Any News?

Thanks CB, at what price can I enter Fortis?

Dear CB,

How come no movement in Unitech 75 CA call?And the TCS 800 CA is falling steadily too.Are markets expected to come down today?

Warm Regards,

DS

Thank u CB. Happy trading

any views on m&m today

Hi CB,

Any scrip to be shorted?

Hi N MURALI, most welcome.. you too

Hi madhu, good morning. lets wait till iip numbers are out

Hi mythreyi, no, not sure about it for today

Hi Kb, people to push stock prices higher/lower

Hi Kb, it can also be a group of traders.

hey C.B. RIL jumped up i hv call 50Lots [email protected] can holf or book profit here???

Hi senthil, thanks.

CAN I BUY 5000PUT NOW TO AVG BHUT 56 ?

Any intra day stk for 4 to 6 rs movement

ill be back in 30 min
.

Hi CB,

I have 100 BRFL @ 225
Also what about torrent power ltd have 40 @ 330

what should be the target to sell ?? and time frame ??

CB, selling pressure like from here?

how long litl go today?

Hi Kb,
thanks Have a good trading day..!

Hi Gitanjali,
Most welcome ... :)

Good DAy ..

Can I buy KLGSYSTEL @ CMP for 3-4days

C.B. booked profit in RIL Call [email protected] can buy put 1020 Here???

hai cb, i have bought sesagoa @ 444 and elecon engg @ 79 what should i do

Hi CB today's UNITECh SBI target

Hi RAVINDER, around 12. p.m.

thnku do you think market fall ?

Hi CB,

Is it right time to invest in Sundaram brake linings?

can i buy 5000put now ?

Is it right time to invest in Sundaram brake linings?

Hi RAVINDER, lets wait till iip numbers are out.

good morning,
hmt, will it give the technical breakout in a week?
regards

cb holdin 5000 pe @ 70... wat to do

Hi CB/Kartik..i have 50 [email protected] today.what to do?

Hi CB, I am having Renuka sugars 190 call after averaging at 1.4 rs. Is there any possibilty of it coming to my buying price till expiry. Plz suggest wat should I do as it is going lower and lower. Should I add more?

Hi CB,

Pls give me short term target for Tech Mahindra

GM,
Koutons retails, wat level u see in coming days. I have ingersol @370 will it be beneficial to switch from ingersol to koutons...regards

How's suzlon, i'm holding at avg 84 ?

yaar cb iip no.s to +ve ayenge, lekin nifty kahan tak jaa sakti hai

Thanks...

Thanks CB, But will it ever come to my buying price. Suffering great loss

when can i buy ashok layland?? what can be its 6 months target?

HI I hold Dhampur Sugar@124,Ester [email protected],Ispat@19 and Suzlon Energy@82 what is your suggestion on these stocks, how would be the performance of these stocks in short term to medium term

Hi CB!

How much can Allahabad Bank see today?

Hi Paheny, its a good buy above 227

Hi shiva, around 5% lower.

Hi ravi, hold it. keep sl at 5165

Hi umar, they are fundamentally good bets. keep them for med term.. can add 30%

Hi Suresh, around 148

Hi sal, it has some resistance at 233. above this it can see 240. hold it

Hi CB,

I have 100 BRFL @ 225
Also what about torrent power ltd have 40 @ 330

what should be the target to sell ?? and time frame ??

what is the support of shree renuka sugar today, can i buy some
regards

Hi sadiq, at 12. no. block deal does not effect much since there is also a seller for the quantity

Hi Geetha, not yet. has resistance at 520

Hi Sum, brfl will do well if it manages to cross 227. torrent is a hold for med term. can see 360

CB Sir,

Why Thomascook is not moving for the last 45 days.
I hold 200 shares @ 75.

CB, will small caps/midcaps fall more if nifty sees 5050?

Hi ttsathya, no, not at cmp

Hi pavan, not really sure. hold it for some time. fundamentally is a good bet

Hi porn, ok. hold it for now.

Hi shiva, yes.

Hi shiva, yes. hold it for now.

Hi suzane, not sure yet. need to wait for iip numbers for some direction

HI CHIRAG,CAN I SHORT HUL AT CMP

Cb, if iip is positive and above 16- 17 %.. what will happen ?? a break out possible ??

CB which stocks from auto , banking , metal do u think r undervalued....

hi CB, Core Projects & Technologies Ltd can I book profit? thanks

gm cb why sugar stocks are going down sharply

Hi CB,

Should I hold Orientltd? I have bought it at 112!

Cb,

Short Sesa Goa @ 428.5..wat to do..its not moving at all

Hi ANIL SAH, yes

Hi parinistha, hold confi for some time. it will do well. yesterday oil stocks were seeing some selling pressure.

Hi Kb, not sure yet..

Hi rajat, no, not yet

Hi shiva, no, not sure yet

Hi abhijith, can see 194-195.

Hi PRAJA, yes, book profits for now.

Hi GSR, no, dont avg it yet. wait for some time. if iip is not good then avg it

Hi rajeshshenoi, news of import and price decline

Hi madhu, not yet

Hi Sahana, yes, for now hold it

Hi Ravii, cannot be sure yet

Hi vasanth, yes, markets not doing much. hold it for some time.

Hi Madhav, yes. hold it. its seeing some profit booking. if possible avg it on dips around 57

CB, if iip data is good and nifty will give brkout, then what shd i buy?

THANKS CB AND MANISH FOR YOUR KIND SUGGESTION !

Shorted Baj Hind fut @146 TGTPl
Shall I sell & buy JSW steel Fut @ current levels. Pl advice for both

Hi shiva, no, not sure yet

Hi parinistha, most welcome

Hi rajeshshenoi, for now hold it. should stop falling and see some short covering soon

Dear CB,

My broker has taken TCS 800 CA @ 11 inspite of me telling to hold on....now its at 10. Shd i hold or exit?

Warm Regards,

DS

hi cb,

is the 152 target still applying for albk? or should i exit as it above my buy price ... i know s/l was triggered

Hi DS, ok. hold it. keep sl at 790

Hi Chandrika, around 551

Hi tuff money, yes. hold onto it.

Hi tuff money, yep..

Dear CB,

And now i have a call to buy Nifty 5100 CE ...does that mean ppl are expecting markets to go up due to good data?

Warm Regards,

DS

Hi Chandrika, book profits on rise today

Hi DS, yes. but keep strict sl at 5120 for the call.

Hi CB… can i short on HDFC bank now? why the sugar stocks going very much down? shorted renuga @156.30… target and stoploss?

Hi ANI, no, dont enter it for intraday now

Hi rsk, yes. book profits in renuka for now. finding some support near 150. hdfc bank can be shorted for 1-2 days.

cb How do we judge to buy a share when it is in up move? Just like Hero Honda is going up and up.... Fortish and etc. also. When they reaching higher and higher i feel it to wait and watch a good process to dip some time. But they are going up and up. When can we buy some and how to judge the right stage?

Hi CB,

Any tgts for NTPC for this expiry

HI CB,

IIP data is tend to be -ve or +ve ? I have bought nifty @ 5150. Please suggest.

thanks CB

what is target of renuka sugar cb?

sir
can i buy some renuka sugar or HUL both dwon
for short term....

What is happening to SE investments i have 50 @ 240 shall i book profits ? ..i had brought it for 2 years byt it has doubled

Hi CB,
what is the upside for aloktex?can i sell it now?

hi Kartik
can you advice on the targets for KPIT Cummins for today ??
f

Wish to buy sesa goa and jsw steel .Kindly advise entry level

CB, can I avg Dhampur Sugar? thanks

Hi shiva, yes, buy some. shall update target later

hi CB... target for JSW STEEL intraday

ANY MIDCAPS FOR LONG TERM?

Hi nitin, keep sl at 188 and hold it. can come down by 2-3rs.

Hi nitin, around 1179

Hi Rupesh Jadav, no, not sure of any

cb pls answer my question

when we will get bonus of renuka?? can we get if we buy now?? generally it takes time to get those shares....what if we have to sell them before we receive bonus shares?

what should i keep intraday target for renuka

Hi vix, around 158

Any Comments on Sturdy insudtries?

Hi AK, yes, some bounce is likely

Hi Manish, its a good long term bet..can double.

Thank CB

Hi CB today’s UNITECh SBI target

Hi AK, most welcome

Hi ramesh, no, not yet

Hi YASH, unitech can see 75. not sure of sbi as of now.

Can it be brought at current price ? I got a tgt of 50 from my freind on saturday industries for 3 years.....

Hi CB,

Is iip numbers publihsed...

cb sir, any news about IIP data

Hi LP, this is postive or negative to market ?

I think the IIP numbers are below the expectations...

IIP data below the expectations but industrial growth increased so its good for market

Hi LP, so, shall we buy or short nifty ?

Hi ALL
not much worry about iip data below the expectations but
better then last...Europe markets may lift us ..good luck

Hello All,
Dow_futures -11 and Hangseng -71 ,i guess europe may open lower

Hi Nall’s,

Dec 09, it was 16.8%. . this time 16.7%. . as expected . .. will not have much effect..

@Prashanth i will recomend not wait for bottom up fishing buy Shree Ashta Vinayak in small quantities .... CB only recomended it

Hi Kb,
from where do u see the europe data?

sir for intra day today which stock would u suggest

hold or exit 5000put ?

hi cb i have bought knr cons at 143.25 now 140 please tell me the today target or sl

Bata India coming down. Today's closing - yr view pl!

Sorry guys, just came back..
./.

Hi CB,

What do you expect Nifty to close at today

Cb,
can i buy karuturi global for a week?

Dear CB,

Can we expect some more upside in TCS and Unitech next week?

Warm Regards,

DS

Hi CB, ESCORTS resistance price for today ?

Hello CB,
shall i go for sell 5000 put?

Hi cb,

I hold renuka sugar 625 shares at 159 average. what should i do.

Cb,

how did the europe open?

Hi vishal, ok. for now hold it. can head upto 166

Hi moanto, its flat.

Dear CB,

Nifty is expected to tank from 230 pm and go to 5110

Warm Regards,

DS

Hi MANIK, hold onto it for 2-3 days. will bounce back

Hiii CB. Pls suggest for JK Tyre for today

Hi keval, renuka can see 170-172. balrampur around 98

Hi abhijith, seems may remain a bit flat today. markets are not doing much

Hi keval, couple of weeks.

Hi MANIK, no, dont avg yet

Hi ttsathya, it can see 303.

Cbee. .. :)

How nifty looks like ??

Shall I buy TCS Fut @ Mkt rate

Hi CB, can i short dlf for intra day ?

hi cb what about nifty should i long

Hi Shanthi, no..

Hi amit, no. its flat.

Hi pinto, no call on nifty yet

Hi amit,
It came as expected. .

Hi ASHDIN, for long term one can add some at cmp

Hi CB where do see renuka sug will close today? CMP 153.50. Plzzz adv

Hi AJ, hold it with sl at 5120

Hi krishnan, around 155-156.

hi cb, If I buy tata motors what would be the target and stop loss? Is It good bet for short to medium term? should I buy or not please suggest

Can we enter suzlon at these levels ??

Hi Vivek, not yet. wait for some time.

Hi San, most welcome.

Hi ASHDIN, yes, looks good technically. one can enter it.

Hi Mahen, yes, one can enter it in small quantity.

hi cb ...i hav balrampur chini @ 112 ...wat should i do...hold it for short term or exit....

Hi abhi, no, dont enter it yet

Any stock we can enter at these levels ??

Hi shiva, yes, not really sure whats wrong with it

Hi Vivek, buy renuka sugar in small quantity

Hi vishnuteerth, its lower than expectations.

Hi vishnuteerth,

It is just flat. .

Hi ruthwik, yes, not sure whats wrong with it. fundamentally its strong. lets hold it for some more time.

Hi CB,

I have Relaince 1040 call option. what shall i do?

I have allahabad bank [email protected], should i exit@ cmp 145 or hold

Hi pradeep, if markets are good, it can head upto 56-57.

ok thanks!!!

Hi Gauri, most welcome.

WILL THERE BE ANY UPMOVE IN FORTIS TODAY?
REGARDS

Hi shiva, not yet

Hi Vijay, as of now invest 50%.. in case markets come down to 5000 levels, add some more

Hi shiva, no

have 5100 PUT @59.80. Pls advice what I will Do?

hi cb today i baught stc india @440 for intraday now it is 335 what should i do

Hi AJ, for now we will need to hold it. upside from here is limited for now

Hi stalin, most welcome

Hi ashok, for now hold it. keep sl at 332.

Hi CB,
Shorted DLF at 310.2
Wat is the stop loss ??
Thanks

Hi CB, I have Cairn India 280 call at 5.25. Plz suggest wat are the targets for it

hi CB....shall i book loss on OCL.i am holding it for 2 months but no use....from the day i bought its going down.Some body saying...there is a chance of another falll....whats ur view?

Is there any bonus announced for Renuka Sugars. If i buy today, will i get the bonus shares..

hi JAy, yes.. they hv announced bonus....but dont know the details abt it

Bata India coming down. Today’s closing - yr view pl!

Hey Gitanjali..

where is the Query section Yaar

hi
i hold suzlon 1500@ rs 81.05. what i do at curreny label? pls sugeest me.

Thank you sir.

Dear Ajit,

Whatever makes you say so?

Warm Regards,

DS

Hello DS,

Any idea about Bata India at the end of today's closure?

Dear Ani,

Sorry no clues abt it.

Warm Regards,

DS

Thanks DS.

Hi ANI,Bata last was 249.

Dear Ravi,

Dont know about next week but looks like we will close around 5200 in this month and then a sharp fall in April...this is what market speculation is all about....but i cant really understand why should it fall as qtr 4 results are bound to be better than Q3. Now thats logic. Lets see who wins. Logic or operators

Warm Regards,

DS

Thanks Raja M

i have bot VESUVIUS INDIA LTD for BTST ...its looking strong...any one??

Hi shiva, no, not sure about it.

Dear CB,

So what is the the expected scenario next week...it should go higher around 5180 to 5200 right???Unitech and TCS shd cross the 75 and 804 mark right?

Warm Regards,

DS

Hi CB, I have Cairn India 280 call at 5.25. Plz suggest wat are the targets for it
Should I hold or exit

Dear CB,

There are strong rumours of closing around 5200 in this month and then a sharp fall in April…this is what market speculation is all about….but i cant really understand why should it fall as qtr 4 results are bound to be better than Q3. Now thats logic. Lets see who wins. Logic or operators

Warm Regards,

DS

Hi Ravi, it can head upto 282. hold it

Hi Manish, no,not sure about it yet

Hi DS, yes.. thats true.

Hi rk, hold it with sl at 5160.

Hi vasanth, for now hold.

sir its not doing much next week wht can i see in renuka n balramchin

Hi CB,

Thanks CB

take care
happy weekend to all
bye

any comments on OCL steel ?

Hello CB,
I guess in the next week we have some updates on bank interst rates and inflation right??

CB Sir, please advice me on Tanla Solution bought @48 (5000) touched 51 now again going down sir i can wait for 1 more month waht is the target sir......

Hi CB,
I am holding 100 ALKALI Metals bought @ 131 and now it came down to 119.

I am holding 1000 Basant Agro Tech bought @ 5.45 and now it came down to 3.62.

Both are in heavy loss and coming down day by day...

Could you please let me know how to proceed further

Hi CB, Is the sugar stocks showing recovery. Will Renuka sugar 190 call come to my buying price of 1.5?. And Thanks for the suggestions you r providing

Hi CB/Karthik,

Is it advisible to buy Shree Renuka in Bonus perspective??

Also, which one is a better stock for investment? Bajaj Hindustan or Shree Renuka??

Hi Arun Karthik, dont hold it bonus issue. exit before it. else bajaj hind is a good bet too

Hi shiva, yes, has given a good closing. can add 8-10rs.

HI CB,Nifty 5000 Puts down to 21 from 28. why it is down by 25% around even market is not much Up?

what can be monday's target of renuka?

any sagession for monday

long term viwe igl targat pls

Hi CB,
Please your view abt Everon...bot at 382 today...CMP 373.

Tx....Jeff

dear cb, i have bought geekay finance 3500 shares @ 65 what should i do now

Hi Rams, not sure, most likely due to the selling pressure that it might seen today, hold it with a SL at 5150 on Nifty

Hi nks, hold hindalco with the rest, they can do well in Short term

Hi shiva, around 160

Hi yf, book 50% profits in it as of now, and hold the rest for some more months

Hi Sandeep Aravind, shall let you know by tomorrow

Hi ramsingh, it faces support at 205 levels, as of now

Hi parthibanr, 250 in Short term

Hi bhuvana, good evening, you may buy some of SEL manufacturing and Marg Ltd

Hi Jeffy, hold it for 10-15 days time, it can see 395

Hi baranips, likely to see some recovery

Hi nagarajan, its a weak company fundamentally, try to exit it on any rise

Hi kaustabh, the stock was in news recently, regarding allotment of GDRs

cb/kartik...pls advice on birla power...is this a good company to remain invested.i hold [email protected] can i expect to reach that price....

Please tell should I wait till expiry or book loss during the rise in Renuka sugars. Holding it at 1.5

Hi CB,
Whay abt Koutons technically, can it be bought ?
Also, pantaloon, which one is preferable to buy for short term
Also, CB, wanted to know, Does a stock which is not so much traded and is technically looking good ignore mkt fall, like nifty falls by 50-70 pts ?
Thanks

good mng cb, what about monday market ????/

i want to purchase dish tv please give suggest

Hi CB,
Pls. suggest in which IPO can i apply - out of Pradip Overseas, ILFS Transportation and Persistent systems ?
Thanks

arey but can i see tomm 165 atleast.........n balramchin 99 n jindalstel 690

hi cb ,
what about vijayabank/

Hi keval, on Monday it seems unlikely. will take some time.

Hi naga, vijaya bank can be bought around 44-46. dont enter others yet. wait for some time.

hi CB... whats your views abt JSW STEEL... onlly for short term... till wednesday... large amount invested... have at 1176... pls give me trading range

any short/medium term calls please let me know

hicb,
any target for jsw steel which is trading at 675.

Hi naga, its jindal steel. it has support at 660. if markets remain good, it can see 700

Hi svk, knr looks good. can see 152. man ind is a hold for now. is seeing some profit booking. should do well after some consolidation.

Hi naveen, hold it for now. can see 2630. has resistance at 2710

Hai CB!
Please suggest coming monday we have to buy Shree Ashtivinayak cine.At what level entry.Please suggest.

Hi Karthk,
whats the tgt for unitech next week

hi karthik i have cals [email protected] and birla cotysyn@1 wats the 1year target

Thanks CB and Kartik for the suggestions. And also sorry for asking the query on Renuka sugars again and again. But yaar this trade really ripped me. 2-3 days back i was in profit but now in big loss.

which website i can see intraday graphs of earlier days i searched in nseindia but didnt found pls snd any link for me

hi CB, howz in investin in HDIL for the moment? if yes wht price i invest at, tgt thereof & time frame. thanx.

Hi ganga, yes, it is present in nseindia.com. on the quotes page there is a small icon of a chart below the stock name. click on it and you will be able to view it

Hi svk, they are good bets. can add 40-50%

Hi pankaj, no, dont enter it yet. enter lower around 290 levels.

Hi NSE_Trader, no, not sure about it yet. my software is not updating it. not sure whats wrong.

Hi NSE_Trader, yes, thats right..

Hi Faisal, thanks for your kind comment. no. we do not have a paid service yet..

Hi cb/Kartik
i have 200 share of tinplate @82.0 can it be hold for med terms & target ??

Hi NSE_Trader, for now hold it. upside for now seems unlimited.

Hi Imran Pathan, its facing resistance at 83.. a close above this can take it higher to 90. hold it for short term. its a good bet

Hi care, thanks. shall watch it

Hi ganga, sure. ill email you

cb,how do you see Bharat forge comming week?

HI CB,

Good evening. Wat is the target price for Renuka Sugars. Holding @154.90
and also the target for Nifty holidng 5000 Put
Reliance target also please.

can we buy 5000put tommorow at cmp

Hi Jay, renuka can see a bounce upto 165. for now hold the put.

Hi Aman, as of now its looking a bit weak. dont exit it now. if possible hold it for short term. it will bounce back

Hi rashid, not sure yet. lets see how Asian markets open

Hi suzane, seems will have another flat seesion.yes, its still overbought. yes, look for rsi. .its 90% as of now. to watch for breakouts you need to go through stocks charts manually

ks oil -----Pramotors are involved in insider trading,may get delisted wise to exit

The Rs 3.33 lakh crore Reliance Industries Ltd (RIL), the country’s biggest company by market cap, has joined hands with global sports major IMG to develop and manage sports infrastructure in India.

The equal joint venture, IMG Reliance Pvt Ltd, will provide and operate infrastructure and coaching facilities to unlock India’s sporting potential. Financial details of the pact were not immediately available.

“World class infrastructure, frugal engineering, technology and scientific coaching are integral part of development of today’s sporting talent globally,” said Mukesh Ambani, chairman and managing director Reliance Industries. “Our joint venture company will actively work with like-minded organisations and invest in developing talented young Indians.”

The immediate priority would be to identify locations to establish sporting academies. “We are planning to establish sporting academies on the lines of the IMG Academies which have been so successful in consistently breeding and training sporting legends,” said Nita Ambani, member on the board IMG Reliance.

“IMG is delighted,” said Ted Forstmann, chairman and CEO of IMG. “The performance of Indian athletes on the national and international stage will improve dramatically with the correct development strategies.”

The mandate of IMG Reliance includes initiating a scholarship programme for athletes, developing domestic coaching potential and creating and operating major sports and entertainment assets in the country. Reliance Foundation, the corporate social responsibilities arm of RIL, will provide the required investment, while IMG will provide management knowledge and coaching skills.

Hi HITESH, should be slightly positive..

Hi muthu, it can come down by 2-3rs. seems markets will open 25-30 points lower.

Hi rashid, buy if nifty breaks 5090