Bank stocks declined as inflation rates continued to accelerate in September 2013, adding to concerns that the central bank is likely to increase its main lending rate viz. the repo rate again.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
TRADING CALLS
CASH
BUY BHEL 145 SL 141 TGT 151
BUY ABAN 226 SL 220 TGT 236
SELL TITAN 235 SL 240 TGT 228
SELL RELCAP 343 SL 353 TGT 330
DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE THIS IS MY VIEW !!
World Bank cuts India's 2013-14 GDP forecast to 4.7%
In April, the World Bank had projected India's GDP would grow at 6.1 percent in the current financial year and at 6.7 per cent the following year. The World Bank today slashed India's economic growth forecast for the current financial year to 4.7 percent.
TCS Q2 beats forecast, net up 24% to Rs 4702 cr
Revenues jumped 16.6 percent quarter-on-quarter (up 34.3 percent year-on-year) to Rs 20,977 crore, driven by highest volume growth in last nine quarters.
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