Daily Nifty View Spot Closed 6320.90, Sustaining Above 6352-6360 We May C 6378 / 6396 On Upside And Below 6292-6282 Sustaining Nifty We May C 6268 / 6245, Most Probably Nifty Spot Range 6282-6360.
MAGIC NUMBER NIFTY FO 6301.35 !
News of the day:
Key benchmark indices flared up after a government data showed that inflation based on the wholesale price index (WPI) eased to five-month low at 6.16% in December 2013. Easing inflation provided legroom for the central bank to cut interest rates in its next policy meet in order to bolster growth. Firmness in Asian and European stocks also boosted sentiment. The S&P BSE Sensex and the 50-unit CNX Nifty, both, closed at their highest level in more than five-weeks. The Sensex rose 256.61 points or 1.22%, up about 198 points from the day's low and off close to 13 points from the day's high. The market breadth, indicating the overall health of the market, was positive. NSE’s INDIA VIX, was down 2.03% level, at 15.42. Amongest the Indices CNX SMALLCAP was up 0.22% closed at 3,389.70.
Stock Specific news:
- Spectrum auction: Bharti Airtel, Vodafone submit applications.
- ‘Illegal mining in Jharkhand mines impacting NTPC blocks’.
- Yes Bank Q3 up 22% at Rs 416 cr.
- Capacity addition in tyre industry will put pressure on margins: MRF.
- Coal India dividend to improve RoE: Barclays.
- No arbitrage opportunities for new investors in Coal India.
- Provisional: Nifty ends above 6,300; HDFC up 3%.
- Nickel down 0.7% on profit-booking, global cues.
- Lead down 0.7% on overseas cues, subdued spot demand.
- Gold futures fall 0.45% on global cues.
NSE STATS :
BSE STATS :
The total turnover on BSE amounted to Rs 1865 crore, higher than Rs 1685.79 crore on Tuesday, 14 January 2014. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,382 shares gained and 1,297 shares fell. A total of 159 shares were unchanged. Among the 30 Sensex shares, 29 shares rose and only one fell.
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