Business Standard

Pre-Market: Nervous start likely

Global cues weigh

Read more on:    Markets | Sensex | Nifty | Pre-market
Related News

The could see a nervous start today tracking global cues. The S&P 500 ended flat on Monday after recent sharp losses, though worries about the European debt crisis and weaker US data kept investors wary of equities. The Dow Jones industrial average slipped 0.1% to 12,102 levels.

Asian stocks climbed amid speculation global policy makers will take steps to stimulate economic growth and after a four-day drop left the regional gauge at the cheapest level this year. The MSCI Asia Pacific Index of stocks gained 0.6%, halting a four-day slide.

Back home, the is likely to face resistance around 4,880 – 4,905, while it can seek support around 4,815 – 4,795, analysts suggest. At 705 am Indian Standard Time, the SGX Nifty was trading flat at 4,854 levels.

Among individual stocks, Indraprastha Gas could be in limelight once again today on reports that the Delhi government has withdrawn the budget proposal to levy 5% VAT on CNG.

Kalanithi Maran has pledged shares worth around Rs 94 crore in Sun TV Network.

Hero MotoCorp has approved a proposal to merge the investment arm of its parent into the automaker. The company also plans to invest Rs 2,575 crore to set up plants in Gujarat and Rajasthan and an R&D centre by 2013-14.

EIH Associated Hotels plans to raise Rs 110 crore by issuing equity shares on a rights basis to its existing shareholders.

Omaxe could also be in focus today. Reports suggest that the company has cut its gross debt by Rs 213 crore in the last fiscal to Rs 1,339.55 crore.

Read more on:   
|
|
|

Read More

Markets post best gains in 3-months on Fed optimism

The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE

Quick Links

 

Market News

WB summer rice crop likely to be higher by 25% to 7.5 mn tonne

Nearly 68% of total population of West Bengal resides in rural areas, according to last census

Potato prices spurt on output damage

Unseasonal rainfalls, hailstorms hit the crop badly

Markets closed on account of election day in Mumbai

Markets will remain closed today on account of voting for the general elections in Mumbai constituencies

Sebi revises norms for liquidity enhancement schemes

Exchanges can provide trading incentives for three years

Slow start for VIX futures

High costs, lot size said to be impediments

Back to Top