20.01.2014

Daily Nifty View Spot Closed 6261.65, Sustaining Above 6302-6312 We May C 6330 / 6351 On Upside And Below 6222-6212 Sustaining Nifty We May C 6196 / 6174 On Downside, Most Probably Nifty Spot Range 6226-6310.

MAGIC NUMBER NIFTY FO 6288.10 !

News For The Week :

Q3 December 2013 earnings announcements next week. Investors will keenly watch trend in investment by foreign institutional investors (FIIs), movement in global stock markets and the movement of rupee against the dollar.

Results Calendar :

Monday, 20 January 2014 : Asian Paints and UltraTech Cement will announce their October-December 2013 earnings. 

Tuesday, 21 January 2014 : Ashok Leyland, Colgate-Palmolive (India), Kotak Mahindra Bank, Tata Coffee, Thermax and Torrent Pharma will announce their October-December 2013 earnings.

Wednesday, 22 January 2014 : HDFC, L&T, Dabur India, Biocon, Mahindra & Mahindra Financial Services, Raymond, Zee Entertainment Enterprises will announce their October-December 2013 earnings.

Thursday, 23 January 2014 : Cairn India, Dish TV India, Indian Bank, L&T Finance Holdings, Mastek, Novartis India, Bharti Infratel and Essar Ports will announce their October-December 2013 earnings.

Friday, 24 January 2014 : Coromadel International, Engineers India, Glenmark Pharmaceuticals, Karnataka Bank, Mahindra Lifespace Developers and SKS Microfinance will announce their October-December 2013 earnings. 

Foreign institutional investors (FIIs) have purchased shares worth a net Rs 1589.70 crore in January 2014 so far (till 15 January 2014). FIIs bought shares worth a net Rs 16085.80 crore in December 2013. FIIs have purchased shares worth a net Rs 1589.90 crore in 2014 so far (till 15 January 2014). FIIs bought shares worth a net Rs 113135.70 crore in 2013. Federal Open Market Committee (FOMC) holds a two-day monetary policy meeting on 28 and 29 January 2014. By a 9-to-1 vote, the Fed on 18 December 2013 decided to trim its asset-purchase program by $10 billion to $75 billion per month starting in January 2014. The US central bank is poised to continue winding down its stimulus measures gradually this year.

Reserve Bank of India's Third Quarter Review of Monetary Policy for 2013-14 is scheduled on 28 January 2014. The RBI kept its main lending rate viz. the repo rate unchanged after its last policy review in December and said at that time that it expected inflation to ease in the following months.