Where market next week?

This would be last week for month expiry. Market this week will stay calm trends to downward.

Some stock specific news are :

Bank of Rajasthan-ICICI Merger: BoR Employees To Go On Strike

In recent times, the Tayal business group had taken control over the bank's board and misused the public funds in the bank," Utagi alleged. He further added that RBI had then imposed fines of Rs. 2.5 million on the bank for violating the guidelines.

In May, the BoR board approved the merger of the bank with ICICI Bank. Utagi said that the bank unions have been opposing the move. The shareholders are also said to be moving to courts in this regard, sources said.

"There are certainly questions of corporate governance: how are the RBI and the SEBI (Security and Exchange Board of India) permitting such fraudulent mergers. The entire deal must be thoroughly investigated, especially since all the major players in this deal appear to have vested interests," he alleged.

He further demanded for merging the bank with any other public sector bank in the in the interest of the bank employees and the depositors.

Sell ICICI bank first target 838.

More to come just watch daily....