Future Outlook: In view of the above formation it is evident that markets are cautious at current levels. In coming trading session if indices trades below 5870 levels then it is likely to test 5850 – 5800
levels. On the upside, 5920 – 5970 may act as resistance for the day
Data Alert From Overseas -* Europe ZEW Economic Sentiment at 3:30 pm.
Domestic Stock Specific News –
* Govt source says unlikely to cancel this week's gilt auction
* Barclays sees RBI repo rate cut of 25 bps in Mar; 50 bps AprJun
* Moody's says India's rising current account gap is credit negative
* Govt says oil PSUs' Feb 16-28 revenue loss seen 4.54 bln rupees/day
* Telecom panel says 4G operators can offer voice svc under new licence norm
* CII seeks removal of alternate minimum tax on SMEs
* Budget may up FY13 food subsidy to 850 bln rupees
* Wipro gets 10-yr IT outsourcing deal from Mumbai Int'l Airport
* TCS expands UK ops with new delivery centre in Liverpool
* HeidelbergCement starts commercial production at Damoh unit
* Official says LIC FY13 investment profit seen over 200 bln rupees
* Sterlite Tech-Jiangsu JV starts ops at China optical fibre unit
* Unilever to invest 50 mln euro in aerosol deodorant unit in India
* Tata Motors to launch 40-50 commercial vehicles FY14, most variants
* Govt source says FY14 Budget may give 50 bln rupees for food security.
International News -
* The euro area recorded a surplus of €13.9 billion. In the financial account, combined direct and portfolio investment recorded net outflows of €21 billion.
Securities in Ban For Trade Date 19-02-2013
Welcorp, Punjlloyd, Suzlon, IRB, Renuka, Hdil.
TODAY’S RESULT –
Glaxosmithkl Phar, MidValley Entertainment, Thomas Cook.
EX- Dividend - NA
Board Meeting (Purpose) – HB Est Developer (Increase in Authorised Capital)
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