BOARD MEETING -
• TATA METALIKS to consider issue and allotment of preference shares on preferential basis.
FII & DII ACTIVITY
FII & DII activity on 23-03-2012 – FII net sellers in index future to the amount of Rs 391.05 Cr , in index options net buyers to the amount of Rs 2170.74 Cr, in stock futures net buyers to the amount of Rs 210.14 Cr & in stock options net buyers to the amount of Rs 45.18 Cr. Overall FII were net buyers by Rs 2035.01 Cr.
Capital Marget Segment – FII’s trading activity net buyers of Rs 9.46 Cr & DII trading activity net buyers of Rs 186.81 Cr.
NIFTY VIEW
Market is expected to open on flat note, we can see Nifty spot to trade around 5250-5240 in opening trade, if Nifty spot able to cross the 5280 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5280-5320 above 5320 we can see some comfort in market and it could move till 5350, whereas Nifty spot is having supports at 5250-5220 below that we may see some selling pressure in market and it could slide lower till 5170.
MARKET NEWS:
• Alok Ind shares up 0.8% as co plans to raise up to $150 mln
• Central Bank of India to raise up to 10 bln rupee via pref issue
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