First, it filled the gap and then closed near the lowest point of the day which is seen as a clear indication for weakness in coming sessions," Mustafa Nadeem , CEO, Epic Research Pvt. "The immediate support for the Nifty50 is placed 8,730. A close below this level could fuel further selling. The insurer, which on Friday allotted Rs 1,635 crore worth of shares to anchor investors, will seek investor participation in 13.23 crore shares issue starting Monday.U.S. The measure is expected to generate additional revenue of Rs 600 crore, a senior official said.The board of directors of private sector Karur Vysya Bank (KVB) will meet on Monday to consider a stock split.

Source: Economic Times September 19, 2016 02:48 UTC