NIFTY OUTLOOK ~ Intraday Share Tips for Tomorrow 22 March 2013

ECONOMY ANALYSIS:

  • Sebi allows FIIs to use govt, corporate bonds as collateral
  • Adani Power, Adani Ent fall for 5th consecutive day
  • Manappuram Q4 loss seen Rs 50 cr on Rs 250 cr loan default 
  • Govt had no role in CBI action against Stalin: PM
  • M&M dips 1% on planned production shut down in Jaipur plant

MARKET ANALYSIS:

  • In highly volatile trade, the BSE benchmark Sensex today pared over 200-point gain to close the day 91 points down at nearly four-month low levels on emergence of fag-end selling amid new political developments and weak global cues. 
  • Falling for the fifth straight day, the Sensex fell by 91.32 points, or 0.48 per cent, to 18,792.87, its lowest level since November 26, 2012. The index had lost 686 points in last four sessions. 
  • The broad-based National Stock Exchange index Nifty fell by 35.65 points, or 0.63 per cent, to 5,658.75 led by stocks of realty, power and capital goods. 
  • In 30-BSE index components, 19 stocks declined led by Bajaj Auto, BHEL, Cipla, Dr Ready, HDFC Bank, Larsen and Toubro, Tata Motors, Maruti Suzuki, Reliance Industries, Tata Power and Tata Steel. 


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