MAGIC NIFTY FUTURE 6116.31.
MAGIC BANKNIFTY FUTURE 10463.66.
NEWS FOR THE DAY :
Key benchmark indices edged higher for the second day in a row after Finance Minister P Chidambaram cut the fiscal deficit target to 4.1% of GDP for 2014-15 at the time of announcement of the Interim Budget for 2014-15 on Monday, 17 February 2014, and said that the government will contain fiscal deficit at 4.6% of GDP in 2013-14 and as the government announced lower-than-expected gross market borrowing of Rs 5.97 lakh crore for 2014-15. The market sentiment was boosted by data showing that foreign funds were net buyers of Indian stocks on Monday, 17 February 2014. The barometer index, the S&P BSE Sensex, was provisionally up 145.47 points or 0.71%, off close to 75 points from the day's high and up about 170 points from the day's low. The market breadth, indicating the overall health of the market, was positive.
Stock Specific news :
- Canara Bank aims 2.5% gross NPA in FY14
- Tata,Welspun, Essel Power keen on Mahagenco’s 50-mw solar plant
- Bharti Airtel acquires Loop Mobile for Rs 700 cr
- Coal India unit Western Coalfields sees 10% output rise in 2014-15
- Lupin appoints Maurice Chagnaud to head European operations
- Ashok Leyland, John Deere launch 435E Backhoe Loader vehicle
- Hexaware Tech zooms on heavy volumes
- Crude palm oil rises 1% as demand picks up
- Lead up 0.4% on spot demand
- Silver futures down 0.48% on global cues
NEWS : A bout of volatility was witnessed as key benchmark indices trimmed gains after hitting fresh intraday high in mid-afternoon trade. The barometer index, the S&P BSE Sensex, was up 179 points or 0.87%, off close to 30 points from the day’s high and up about 210 points from the day’s low. The market sentiment was boosted by Finance Minister P Chidambaram cutting the fiscal deficit target to 4.1% of GDP for 2014-15 at the time of announcement of the Interim Budget for 2014-15 on Monday, 17 February 2014, his statement that the government will contain fiscal deficit at 4.6% of GDP in 2013-14 and the government’s announcement of lower-than-expected gross market borrowing of Rs 5.97 lakh crore for 2014-15. The market sentiment was also boosted by data showing that foreign funds were net buyers of Indian stocks on Monday, 17 February 2014. The market breadth, indicating the overall health of the market, was positive.
NSE’s INDIA VIX, was down 2.65% level, at 15.41. Amongest the Indices CNX SMALLCAP was up 1.42% closed at 3,191.20.
BSE STATS :
The total turnover on BSE amounted to Rs 1929 crore, higher than Rs 1524.26 crore on Monday, 17 February 2014.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,419 shares rose and 1,218 shares fell. A total of 182 shares were unchanged.
Among the 30-share Sensex pack, 19 stocks rose and rest fell.
NSE STATS :
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