18.02.2014

©™ Daily Nifty View Spot Closed 6048.35, Sustaining Above 6105-6110 We May C 6126 / 6152 On Upside And Below 6045-6040 Sustaining Nifty We May C 6022 / 5996 , Most Probably Nifty Spot Range 6042-6108. ©™

MAGIC NIFTY FUTURE 6078.

MAGIC BANKNIFTY FUTURE 10298.


NEWS FOR THE DAY :

Key benchmark indices edged higher on the first trading session of the week after the Finance Minister P Chidambaram said that the fiscal deficit will be contained at 4.6% of GDP for the year ending 31 March 2014 (2013-14) and will be pruned further to 4.1% of GDP in 2014-15 and that the current account deficit (CAD) will be contained at $45 billion in 2013-14. The barometer index, the S&P BSE Sensex, was provisionally up 110.19 points or 0.54%, up close to 140 points from the day's low and off about 15 points from the day's high. The market breadth, indicating the overall health of the market was negative.


Finance Minister P Chidambaram said fiscal deficit will be contained at 4.6% of GDP for the year ending 31 March 2014 (2013/14), smaller than the 4.8% originally forecast toward the start of the financial year. The Finance Minister said that current account deficit (CAD) will be contained at $45 billion in 2013/14. He said that the government and the RBI have acted in tandem to curtail inflation. Food inflation is still the main worry, although it has declined sharply from a high of 13.6% to 6.2%, Chidambaram said.

NSE’s INDIA VIX, was down 4.98% level, at 15.83, Amongest the Indices CNX SMALLCAP was down 0.15% closed at 3,146.50.

Stock Specific news :

• Muthoot Finance scouting for foreign partner
• Essar Global offers ‘modest’ premium for Essar Energy stake
• Tata Power surges 5% on heavy volumes
• Copper gains 0.9% on firm global cues, spot demand
• Lead up 0.84% on strong spot demand, overseas cues
• Crude oil up 0.5% on overseas cues
• Bajaj Auto dips 5% in two days on Egypt import ban concerns
• Silver futures climb over 1% on global cues
• Avanti Feeds surges over 50% post Q3 earnings
• Gold jumps Rs 465 on global cues; regains key Rs 31K level

BSE STATS : 

The total turnover on BSE amounted to Rs 1515 crore, lower than Rs 1732.10 crore on Friday, 14 February 2014.

The market breadth, indicating the overall health of the market was negative. On BSE, 1,372 shares dropped and 1,236 rose. A total of 157 shares were unchanged.

Among the 30-share Sensex pack, 20 stocks rose and rest fell. 

NSE STATS :