Daily Nifty View Spot Closed 6168.35, Sustaining Above 6212-6218 We May C 6234-6256 On Upside And Below 6124--6115 Sustaining Nifty We May C 6095-6072.
News of the day:
Reliance Industries (RIL) edged higher in volatile trade on reports the company has started producing gas from the MA-8 well in the Krishna-Godavari basis from 1 January 2014. Index heavyweight and cigarette major ITC trimmed losses in late trade. Shares of state-run coal miner Coal India extended Wednesday’s gains triggered by speculation that the company may announce a hefty interim dividend next week. ONGC surged on rumours that the company will announce a hefty interim dividend. NSE’s INDIA VIX, was down 0.85% level, at 16.18. Amongest the Indices CNX SMALLCAP was down 1.06 % closed at 3,394.45.
Stock Specific news:
- Hindustan Motors plans to demerge Chennai facility facing hurdles
- Zydus Cadila gets FDA nod to market two drugs
- Coal India may miss production target for FY14: CMD
- Birla Corp to take legal recourse against mine deallocation
- Coal India appeals against CCI’s Rs 1,773 crore penalty order
- Ranbaxy enters into licensing pact with EPIRUS Switzerland
- Tata opens fourth international nodal office in Singapore
- Edelweiss set to raise up to Rs 500 cr via bonds
- Suven gets 3 product patents in Australia, Sri Lanka, South Korea
- CLSA bullish on pharma but downgrades Biocon, Ranbaxy.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,389 shares dropped and 1,164 shares rose. A total of 139 shares were unchanged. The total turnover on BSE amounted to Rs 2167 crore, lower than Rs 2354 crore on Wednesday, 8 January 2014. Among the 30-share Sensex pack, 17 stocks declined and rest of them gained.
NOTE : AFTER 1ST TGT HIT KINDLY REVISED SL TO COST PRICE !
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DISCLAIMER : THE AUTHOR IS NOT RESPONSIBLE FOR ANY LOSSES DURING ANY TRADE
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