Thursday, February 4, 2010
Wednesday, February 3, 2010
Indian News Papers ..
India is unlikely to achieve the desired target of annual steel production capacity of 124 million tonne by 2011-12 due to slow progress in big expansion projects of different companies. (ET)
India’s coffee exports rose to to 15,103 tonnes in January, up by 65 per cent from the same last year. (ET)
Government plans to raise the cap on FDI by any single investor (currently 5%) in India’s stock and commodity exchanges .However, the overall cap on FDI for these bourses would remain 49%. (FE)
India and Germany talked about boosting their trade and security cooperation in combating global terrorism. (FE)
The MSME ministry has asked the finance minister Pranab Mukherjee to increase the lending priority and tax audit for micro enterprises. (FE)
The government said it will divest up to 15% stake in state-run Coal India Ltd in next six months. (FE)
FIIs were net sellers in the cash segment on Tuesday at Rs4.55bn on a provisional basis while the local funds were net buyers of Rs419.3mn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs3.97bn. As per SEBI figures, the FIIs were net sellers of Rs488mn in the cash segment on Monday. Mutual Funds were net buyers of Rs325mn in the cash segment on the same day.
Pre Market Commentary ,,,
Today, we expect a higher opening, buoyed by firm global markets. The Nifty will remain choppy and rangebound broadly between 4800-4900. Support is expected at 4770-4780 while resistance is likely to kick in at 4950-5000. There is a chance that the Nifty could go as low as 4600, especially if global cues deteriorate further. So, trade cautiously and invest carefully. Or stay on sidelines till the near-term uncertainty subsides.
NTPC FPO opens today while Infinite Computers will make its debut.Could we see history getting repeated today on the bourses? Will the market erase gains once again after an initial spurt? Well, many might be asking these questions as the market has turned topsy turvy of late. The market suddenly slipped on Tuesday after a higher start amid persistent selling by FIIs. Even the local funds, which have been countering the sudden reversal in FII flows, were rather circumspect. Broadly, the market remains in a consolidation mode without a clear bias. Volatility is here to stay, at least in the near term, amid external concerns and anxiety over the upcoming Budget.
Tuesday, February 2, 2010
The NTPC FPO opens today while Infinite Computers will make its debut.
सेन्सेक्स (16163.44) -192.59 अंक गिरकर, नीफ़्टी (4830.10) -69.60 अंक गिरकर, बंद..
BSE/NSE all sectoral indices ended in the red; the Realty and Bank indices slipped the most - down 2.5% and 2%, respectively. Metal, Auto, Power, Capital Goods and Oil & Gas indices fell 1.5-1.7%.
Cadila : Our delivery call target achived at 725 HOLD for next targer
Economics News of INDIA
RBI said it was unlikely to change its policy in between quarterly reviews unless there was an unanticipated event. (BS)
RBI hints at curbs on capital inflows to avoid stark economic imbalances. (ET)
On the back of rising crude oil prices, India’s imports turned positive after 11 months in December 2009 when it increased by 27.3% while exports grew for the second consecutive month by 9.3%. (BS)
The World Bank said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. (ET)
The government said it will consider freeing of petrol and diesel prices after an expert panel chaired by Kirit Parikh gives its views this week. (FE)
Banks want farm targets delinked from infra loans. (BS)
INDIAINFO : Our call trading strong close to first target at 124 HOLD FOR NEXT TARGET
INDIAINFO :
Our call trading strong
close to first target at 124
HOLD FOR NEXT TARGET
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