SumanSpeaks: The Information Super Highway

  Winning Strokes The BSE Sensex closed at 48,832.03 up 28.35 points (+0.06%), while the Nifty50 ended the day at 14,617.85 up 36.40 points (+0.25%). The indices are likely to trade in a range till the issues related to the recent surge of Covid-19 cases settles down a bit. However, stock specific action will continue to play a major role in the future trades. Photo : Shutterstock #My recommended stock: Future Retail Ltd (Rs.48.20) bounced back last Friday, on the news that the Future Group has promised to pay banks an aggregate of ₹6,900 crore in two tranches by the end of the fiscal, mainly by selling its small format stores, in an attempt to work out a loan restructuring agreement with lenders. As said earlier, the whole deal of Amazon with Future Coupons is confusing as our FDI norms do not allow investment in multi-brand retail. So the question of Amazon bailing out Future Retail doesn't arise, unless it partners with a private equity fund. Amazon's investment in enterpr...

  Winning Strokes  The BSE Sensex is trading at 49,649.32 down 117.62 points  (-0.19%) while the Nifty50 was seen at 14,843.25 down 35.65 points (-0.21%). The Nifty is likely to trade in a range between 14250 - 15000. Hence, you can shape your trading decisions based on this.   #The shares of Future Retail Ltd is now trading at Rs.50.15, after hitting a low of Rs.47.80 intraday. The company is revamping its businesses, after the shopping malls opened post Lockdown. It is also not worried too much with working capital requirements as it is getting support from RJio Mart in the form of an extended credit. Infact it is Mukesh Ambani who is running the show for Future group.  Photo :  Yosucces . Moreover, according to a news on Live Mint, 22 March, 2021: Lenders to  Future Lifestyle  Fashions Ltd have prepared a draft debt resolution plan that will give the company that runs the Central and Brand Factory outlets a two-year repayments moratorium...