DSIJ Mindshare

The infrastructure theme has enriched returns of the investors in the last one year till January 15, 2018. Around 18 infrastructure schemes which have completed 3 years have given an average return of 42.5 per cent. But post Union budget, the market volatility has dragged the returns of these schemes. These funds bled like nothing in the past 2 months which has turned the cumulative 3 months returns of these schemes red.

LIC Housing Finance closed 5 per cent up and grabbed second largest position in the Nifty Financial Service index. The stock breached its 50 days EMA resistance at 527-528 level almost after mid-October 2017 and recently broke out of its major resistance range of  520-530, breaking the lower top lower bottom pattern.

Technically, Bank Nifty opened on a flat note and surged so much so that it could fill the gap it made on last Friday. Bank Nifty had broken its upward sloping trendline at 25,295 on February 14, followed by a pullback and again a retreat from 25,725 on February 27.

KEC International, an RPG Group Company, has bagged new orders totalling Rs. 2,419 crore. The turnkey order includes construction of GIS substations in Tamil Nadu, Karnataka and Bihar.

The company which is a subsidiary of ICICI Bank launched its Initial Public Offering on March 22 and the offer closes at 17:00 hours on Monday, March 26, 2018.