We are observing that 5850 – 5830 zone is crucial support zone for the indices. Any breach of this zone would indicate weakness going forward.
Future Outlook: Broadly 5970 on the upside and 5850 – 5830 zone on the downside holds significance for current week. Any breach of the 5850 – 5830 zone would intensify the selling pressure and in
such scenario indices are likely to test 5766 – 5669 levels. On the upside, above 5970 next strong resistances for indices are at 6000 –6050 levels
Data Alert From Overseas -
* Europe Current Account at 2:30 pm.
Domestic Stock Specific News –
* SC orders cos with scrapped licences, no fresh spectrum to halt ops
* UB Group mulls cutting Kingfisher debt using Diageo deal proceeds
* Corporation Bk says ops may be hit on Feb 20-21 due to union strike
* SBI in pact with EPC Industrie for farm loan disbursement
* Prestige Estates CFO says eyeing 20% new sales income growth FY14
* Torrent Pharma gets US FDA nod for Actos, Actoplus Met generics
* HC rules Sanofi need not pay tax in India on Shantha Bio deal
* ICRA sees Indian aviation industry clocking 11% CAGR in medium-term
* Official says Tata Motors to focus on sub-1.2 mln rupee SUV segment
* Atul Auto sold 2,808 units in Jan vs 2,371 year ago
* Tech Mahindra acquires majority stake in Brazil's Complex IT
* Shree Cement Jan cement production 1.13 mln tn, sales at 1.15 mln tn
* Sintex says plans to rationalise pre-fab, tank making units
* Gammon India Oct-Dec net loss 2.62 bln rupees
* Videocon Ind Oct-Dec net profit 10.4 mln rupees vs 864.2 mln
* Deccan Chronicle Oct-Dec net loss 22.1 mln rupee vs 213.3 mln PAT
* KEC International gets orders worth 6.46 bln rupees
International News -
* Japan's industrial production grew 2.4 percent month-onmonth in December.
Securities in Ban For Trade Date 18-02-2013
Welcorp, Punjlloyd, Suzlon, IRB,Renuka,Hdil.
TODAY’S RESULT –
Esab India.
EX- Dividend - Ambuja Cements, Aurobindo Phar, Gail India, Great Eastern Sh
Board Meeting (Purpose) – Hillock Agro (General), Rollatainers (General), Aditya Gears (Scheme of Arrangement).
