SHREE GANESHAY NAMAAH !

RBI expected to keep rates on hold

Downtrend still intact, Nifty may see lower levels: Experts

Finally! There is some respite for investors. The Indian market snapped a three-day losing streak. The Nifty closed at 4,800.60, up 36 points.

The Sensex managed to climb back to the 16,000 level. It gained 132 points to shut shop at 16,002.

Meanwhile, the Indian rupee touched a record low of 53.69 to the dollar today.

Today’s gain, however, has not changed experts’ view on the market. According to them, the downtrend is still intact and the Nifty could head lower.

The Reserve Bank of India (RBI) is widely expected to keep rates on hold at its review on Friday, but economists in a new Reuters poll expect it to accelerate monetary easing in 2012 as economic conditions worsen in Asia's third-largest economy.

All but one of the 20 economists surveyed expect the RBI to keep rates on hold at its mid-quarter review on Friday.

The RBI has raised interest rates 13 times since early 2010, lifting its key lending rate, the repo rate, to 8.50%. It signalled in October an inclination to leave rates on hold in coming months on expectations that persistently high inflation will begin to ease.

VOLUME BUZZ STOCK :

Godrej Ind Volume Breakout Above 205, SL 195, Tgt 209 / 213 / 216 !

Titan Ind Blinks Down 52 Week Low @ 172. Low of 170.10, Has Volume If Sustains The Level Of 167, Wil C Tgt Of 176 / 179 / 183 !

Syndicate Bank Buy With SL 89, CMP 94, Tgt 97 / 103 / 106 !

Sintex Ind Closes Below 52 Week Low Watch This Scrip For Short Term CMP 80.75 !

NIFTY FUTURE CHART :





Monthly (2011) : 
Open : 4978.45
High : 5134.65
Low : 4731.20
Close: 4811.35
Avg. : 4913.91

NIFTY FUTURE 

R5 : 4938
R4 : 4901
R3 : 4876
R2 : 4840
R1 : 4818

CMP: 4811.35

S1 : 4803
S2 : 4778
S3 : 4754
S4 : 4725
S5 : 4718

Market Updates : 

GMR Infrastructure leads gainers in 'A' group

Hindalco Industries, Jindal Steel & Power, Grasim Industries and GodrejIndustries are among the other gainers.

GMR Infrastructure jumped 5.26% to Rs 19 after the company said after market hours on Monday, 12 December 2011, that GMR Rajahmundry Energy has commissioned the first unit of a power plant at Vemagiri in Andhra Pradesh. The stock topped the gainers in the BSE's 'A' group.

The first unit of GMR Rajahmundry Energy's combined cycle power plant at Vemagiri inAndhra Pradesh was synchronized on Sunday (11 December 2011) night, adding 384 megawatts (MW) capacity to the Andhra Pradesh grid. GMR Infrastructure said that the GMR Group is setting up the 2x384 (MW) combined cycle power plant adjacent to its existing plant located at Vemagiri. The first unit has been commissioned on Sunday, 11 December 2011, in a record time of 24 months. The second unit is expected to be commissioned by February 2012, GMR said in a statement. This GMR project was identified as a XI plan project and accordingly was shortlisted for gas allocation by theGovernment of India. It is expected that gas will be made available to this project shortly, GMR further added.

India's largest aluminium maker by sales Hindalco Industries jumped 4.78% to Rs 129.45 on bargain hunting after the stock slipped 10.18% in the preceding three sessions to Rs 123.55 on 12 December 2011 from a recent high of Rs 137.55 on 7 December 2011. The stock was second biggest gainer in 'A' group.

Jindal Steel & Power rose 4.26% to Rs 524.95 on bargain hunting after the stock slipped 5.69% in the preceding five sessions to Rs 503.50 on 12 December 2011 from a recent high of Rs 533.90 on 2 December 2011. The stock was third biggest gainer in 'A' group.

Diversified company Grasim Industries rose 4.16% to Rs 2412.45 on bargain hunting afterthe stock slipped 5.83% in the preceding five sessions to Rs 2316.10 on 12 December 2011 from a recent high of Rs 2459.60 on 2 December 2011. The stock was fourth biggest gainer in 'A' group.

Specialty chemicals maker Godrej Industries rose 3.94% to Rs 204.25. The stock was fifth biggest gainer in 'A' group.

Market snaps 3-day losing streak on hopes of RBI rate cut next year

Sensex regains 16,000

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,617 shares fell and 1,107 shares rose. A total of 124 shares were unchanged.

From the 30-member Sensex pack, 24 stocks rose and the rest of them fell. ONGC, Wipro and TCS fell by between 0.11% to 0.54%.

Note : Data From Capital Market And Money Control !

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