14.01.2014

May This Festival Fulfill, All Your Life’s Wishes, Its My Prayer And Wish, That The Cool Warmth Of Bonn Fire, Delicious Sweetness Of GUR And REWRI, During This Season Remain With You Forever.

Daily Nifty View Spot Closed 6272.75, Sustaining Above 6325-6335 We May C 6354-6376 On Upside And Below 6225-6215 Sustaining Nifty We May C 6202-6170.

December retail inflation slows to three-month low


India's annual consumer price inflation eased faster than expected to a three-month low of 9.87 percent in December from 11.24 percent in November, on a moderation in vegetable prices, government data showed on Monday. A Reuters poll had forecast consumer inflation slowing down to 9.92 percent. Food prices for consumers last month rose 12.16 percent from a year earlier, slower than November's 14.72 percent rise. Moneycontrol !!

News of the day:

Firmness continued on the bourses in mid-afternoon trade. The barometer index, the S&P BSE Sensex, was up 303.70 points or 1.46%, up about 215 points from the day’s low. Indian stocks surged today, 13 January 2014, as a weaker-than-estimated US jobs report eased concern that the US Federal Reserve may accelerate the pace of stimulus cuts. Fed’s bond-buying program has been a source of liquidity for most Asian and emerging markets in recent years. India has been one of the biggest beneficiaries of foreign capital flows. NSE’s INDIA VIX, was up 2.37% level, at 15.95. Amongest the Indices CNX SMALLCAP was up 0.32% closed at 3,384.20.

Stock Specific news:

• Tata Steel India Q3 sales up 9.4% to 2.1 million tonnes
• Exide Industries Q3 net dips 25% at Rs 77 cr
• Apollo Tyres develops new front spoiler for Porsche
• Cadila Pharma ties up with Swedish firm for treatment of arthritis
• ONGC to meet deadlines for its deep water projects
• NMDC iron ore production up 2.6% in April-Dec
• Ranbaxy could drop till 400 if pressure intensifies’
• Aluminium up 0.3% on spot demand
• Ranbaxy dips on heavy volumes
• Nickel up by 1.1% on global cues

NSE STATS :

BSE STATS :

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,505 shares dropped and 1,034 shares rose. A total of 142 shares were unchanged. The BSE Mid-Cap fell 0.94% and the BSE Small-Cap index declined 0.62%. Both these indices underperformed the Sensex. The total turnover on BSE amounted to Rs 2375 crore, higher than Rs 2181 crore on Thursday, 9 January 2014.