©™ Daily Nifty View Spot Closed 6126.25, Sustaining Above 6182-6185 We May C 6203 / 6229 On Upside And Below 6071-6067 Sustaining Nifty We May C 6041 / 6020, Most Probably Nifty Spot Range 6068-6184. ©™
©™ MAGIC NUMBER NIFTY FO 6132 !
News of the day:
Key benchmark indices registered small losses after the Reserve Bank of India (RBI) surprised markets by raising its main lending rate viz. the repo rate by 25 basis points to 8% after Third Quarter Review of Monetary Policy for 2013-14 and said that it is only by bringing down inflation to a low and stable level that monetary policy can contribute to reviving consumption and investment in a sustainable way. Market men were expecting the RBI to leave rates unchanged after inflation—measured by both wholesale and retail prices—showed signs of easing last month, helped by lower food prices. The barometer index, the S&P BSE Sensex, hit six-week closing low. The 50-unit CNX Nifty registered its lowest closing level in more than 8-1/2 weeks. The Sensex lost 23.94 points or 0.12%, up close to 130 points from the day's low and off about 110 points from the day's high. The market was volatile as the Sensex alternately swung between positive and negative zone during the day. The market breadth, indicating the overall health of the market, was negative.
Stock Specific news:
- ONGC to pay Rs 13,764 crore as fuel subsidy in Q3.
- Munjal Auto surges on robust Q3 earnings.
- Jyothy Laboratories Q3 net jumps 63% to Rs 27 cr.
- Kirloskar Brothers posts Rs 20 cr profit in Dec quarter.
- Ipca Labs Dec quarter net jumps 58% to Rs 139 cr.
- Maruti Suzuki skids over 9% on bourses.
- Petronet LNG hits 52-week low amid weak Q3 earnings.
- Idea Cellular dips post Q3 results.
- Styrolution ABS (India) gains after block deal.
- SBI chief sees small rise in deposit rates.
NSE STATS :
BSE STATS :
The total turnover on BSE amounted to Rs 2438 crore, higher than Rs 1867 crore on Monday, 27 January 2014.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,272 shares dropped and 1,263 shares rose. A total of 154 shares were unchanged.
Among the 30-share Sensex pack, 17 stocks declined and rest of them gained.
The market breadth, indicating the overall health of the market, was negative. On BSE, 1,272 shares dropped and 1,263 shares rose. A total of 154 shares were unchanged.
Among the 30-share Sensex pack, 17 stocks declined and rest of them gained.
TRADING CALLS :
BUY EXIDE IND 101.25 SL 98 TGT 104.50 / 107
BUY RELIANCE IND 846 SL 832 TGT 856 / 864
BUY LIC HSG 200 SL 196 TGT 203.50 / 207 / 211
SELL MCLEOD BELOW 254 SL 257.50 TGT 251.50 / 248
SELL BHARTIAIRTEL 306 SL 311.50 TGT 302.50 / 297.50
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