Nifty on Friday settled above the 18,500 level. It formed a Bullish Engulfing candle on the weekly chart. The 50-pack index is trading close to the overbought zone.
7NR Retail will go ex-bonus today. The company had announced bonus in the 1: 5 ratio. Another stock Janus Corporation will go ex-bonus in the 4:3 rario
The Board of directors of Janus Corporation Ltd have approved the issue of Bonus Shares in the ratio of 4 fully paid-up equity shares for every 3 existing fully paid-up equity share held by the Members as on the record date.