18 January 2011

Nifty 5700 on positive European cues

At 14:43 hrs: The Nifty near 5700 levels within a narrow business support, technology, financial, metal, auto, health with a positive bias and cement the company's stock. Positive signs Indian European standard, the French CAC, German DAX and UK FTSE helps each rose one percent were.

On the other hand, stood on his head is limited by the selloff in ONGC, Reliance Industries, Bharti, HDFC, DLF, JPSL, Sesa Goa, with stocks of the Anil Dhirubhai Ambani Group, Tata Power.

Calf Lars Reier, managing director, global head of Equity and Alternatives Research, Credit Suisse private banking division, said India's growth may be stronger this year than in China. He expects to see growth of 15-20% of Indian stocks. Kalbreier government bonds and overweight in equities, high yield corp bonds, commodities weigh.


30 share BSE Sensex was trading at 19012-131 points and 50 share Nifty fell 42 points to 5697. In frontliners, TCS shot up 5.35%. Wipro, Cipla, Sterlite Industries, ITC, Sun Pharma, Ambuja Cements and Axis Bank were for 3.9% to 2.

However, Reliance Infrastructure fell 4.34%. DLF, Tata Power, Jindal Steel, Sesa Goa and Bharti Airtel lost 0.9 to 2.5% Gail. Midcap space, Opto Circuit jumped 9% as Q3 net profit by 23.6% to Rs 95.7 crore was. M & M Financial, Shoppers Stop, 18 network and from 5.5 to Glodyne Tech climbed 6.5%.

Although 9% HT Media Bata India, Kirloskar Brothers, KGN Industries, Glenmark and 4.6 fall. Smallcap space odyssey finance construction KNR, Oscar Investments Fedders lloyd and HBL Power 5-9%, while sterling holiday gathering, Premier, Tata Elxsi, Asian Hotels (D) and integrated manufacturing has lost 5.6% to 9.

1404 stocks advanced on the Bombay stock exchange as against 1371 shares declined.

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