VBA

Monday, February 10, 2014

11.02.2014

©™ Daily Nifty View Spot Closed 6053.45, Sustaining Above 6083-6086 We May C 6106 / 6126  On Upside And Below 6022-6016 Sustaining Nifty We May C 5992 / 5970, Most Probably Nifty Spot Range 6015-6102. ©™

MAGIC NIFTY FUTURE IS 6079.

MAGIC BANK NIFTY FUTURE IS 10271.


Market News : Key benchmark indices edged lower in what was a choppy trading session as the market sentiment was affected adversely by data showing that foreign funds remained net sellers of Indian stocks on Friday, 7 February 2014. The barometer index, the S&P BSE Sensex, was down 42 points or 0.25%, up close to 24 points from the day's low and off close to 101 points from the day's high. The market breadth, indicating the overall health of the market, was positive. The market sentiment was also affected adversely as a government forecast released after trading hours on Friday, 7 February 2014, suggested the Indian economy is expected to continue to expand at a pace of less than 5% in the year ending 31 March 2014.

Stock Specific news:
  • India Cements’ Q3 net profit dips 98%
  • Ashok Leyland MD to take 21% salary cut
  • HCC gets Rs 725-crore order
  • FTIL to move Bombay HC on MCX board decision today
  • Nickel up 0.3% on spot demand
  • Gold up 0.5% on global cues
  • Silver up 0.8% on global cues
  • SKS Microfinance rallies on heavy volumes
  • Copper up 0.5% on global cues, spot demand
  • Piramal Glass soars 20% on delisting plan

Corporate Earnings, Macroeconomic Data, Trend in Investment by Foreign Institutional Investors, Trend in Global Markets, Trend in other Global Emerging Markets and The Movement of Rupee against the Dollar will Dictate the near term movement on the domestic bourses. 

As per the results calendar, Tata Steel and Dr Reddys Laboratories will unveil Q3 results on Tuesday, 11 February 2014. Cipla, Coal India and Bharat Petroleum Corporation will unveil Q3 results on Wednesday, 12 February 2014. ONGC, Sun Pharmaceutical Industries and Hindalco Industries will unveil Q3 results on Thursday, 13 February 2014. State Bank of India, DLF and Mahindra & Mahindra will unveil Q3 results on Friday, 14 February 2014.

BSE STATS :

The total turnover on BSE amounted to Rs 1657 crore, lower than Rs 1830.25 crore on Friday, 7 February 2014.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,322 shares rose and 1,252 shares fell. A total of 152 shares were unchanged.

Among the 30-share Sensex pack, 17 stocks fell and rest rose.

NSE STATS :



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