Future Outlook: At present looking at the hourly chart, 5970 is the immediate resistance for indices. In coming trading session if indices manage to trade above this levels then it may test 6000 – 6010
levels. However if nifty fails to cross 5870 level then we may witness a fall towards 5900 – 5850 levels.
Data Alert From Overseas -
* German PPI m/m at 12:30 pm.
* German 10-y Bond Auction .
Domestic Stock Specific News –
* Maruti Suzuki Bhargava sees co's FY14 sales growth at 5.5-6.0%
* Power minister says to request FY14 budget allocation of 490 bln rupee
* PM says to start negotiations with UK on civilian nuclear pact
* Govt appeals to bank employees not to join Feb 20-21 union strike
* Broadcast secy says FM radio phase-3 auction unlikely in FY13
* 2G court cognisant order on extra spectrum chargesheet on Mar 8
* SEBI fines GMR Ind ex-promoter GMR Holdings on takeover norm breach
* GSK Pharma Oct-Dec net profit 1.38 bln rupees vs 1.37 bln
* Hotel Leela sells Chennai IT park building for 1.7 bln rupees
* Bajaj Finance rights share issue closure extended by a day to Fri
* Solvay ups offer price for Rhodia Specialty shr held since Jul 2000
* Alstom T&D gets 650-mln-rupee order from Power Grid Corp
* Elecon Engineering gets orders worth 144.2 mln rupees
International News -
*Germany's ZEW economic confidence survey index is seen rising to 35 in February from 31.5 in January
Securities in Ban For Trade Date 20-02-2013
Punjlloyd, Suzlon, IRB, Renuka, Hdil.
TODAY’S RESULT –
Abbott India, Krishna Ferro, Nestle India, Rain Commodities, Shree Digvijay.
EX- Dividend - Page Inds
Board Meeting (Purpose) – Abbott India (Final Dividend).
