ECONOMY ANALYSIS:
Hindustan Zinc up 12% as legal hurdles for stake sale cleared
NSEL's first payout today, gets Rs 81 cr in escrow account
Unitech shares up 3%, buyers shortlisted for Gurgaon IT SEZ
India 'not quite yet' a buying opportunity
India raises FDI cap in asset reconstruction cos to 74 pct from 49 pct
Country remembers Rajiv Gandhi on 69th birth anniversary
NSEL's first payout today, gets Rs 81 cr in escrow account
Unitech shares up 3%, buyers shortlisted for Gurgaon IT SEZ
India 'not quite yet' a buying opportunity
India raises FDI cap in asset reconstruction cos to 74 pct from 49 pct
Country remembers Rajiv Gandhi on 69th birth anniversary
MARKET ANALYSIS:
The pull-back attempt by the bulls was short-lived as the Nifty, after briefly slipping in the green, fell over 1 per cent following selling pressure in the European markets.
According to analysts, traders should resist from going long on the market as it looks like a technical pull-back. However, they can exit their short positions if are sitting on good profits.
According to analysts, the pull-back move may not last long and profit booking would re-emerge as growth, rate and rupee concerns remain.
The S&P BSE Sensex was at 18,161.72, down 145.80 points or 0.80 per cent. It touched a high of 18,306.46 and a low of 17,970.98 in trade today.
According to analysts, traders should resist from going long on the market as it looks like a technical pull-back. However, they can exit their short positions if are sitting on good profits.
According to analysts, the pull-back move may not last long and profit booking would re-emerge as growth, rate and rupee concerns remain.
The S&P BSE Sensex was at 18,161.72, down 145.80 points or 0.80 per cent. It touched a high of 18,306.46 and a low of 17,970.98 in trade today.
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