Market Watch
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Stock Calls- 1st November
01 November 2013 - 09:16 AM
Buy KEC at 36.7-36.9 and hold it
Buy Wyeth at 639-641 with stoploss of 630-632 and target of 655-660
Buy J&K Bank at 1307-1310 with stoploss of 1288-1290 and target of 1345-1355
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Nifty Update - 1st November
01 November 2013 - 08:35 AM
Below is the chart of CNX Nifty;
Yeasterday we have have seen a big rally n the second half and nifty closed at 6299.15
Today resistance is 6328-6338 and support is 6250-6260.
There are the chances of Nifty that it will go up from these current levels in long term due to Fed poilcy and FII pumping more money in the Indian market.
SGX nifty is at 6315 down by 9 points.
Currently companies are posting decent Q2 results.
Gold drops on sustained selling, silver also slips
31 October 2013 - 10:33 PM
Gold prices dipped to nearly two-week lows at the domestic bullion market today on consistent selling by stockists amidst dull demand and weak global cues.
Silver also fell and revisited the Rs 50,000 per kg level owing to speculative selling.
Standard Gold of 99.5 per cent purity tanked by Rs 420 to close at Rs 30,680 per 10 grams from Wednesday's closing level of Rs 31,100.
Pure gold of 99.9 per cent purity also slumped by a similar margin to finish at Rs 30,830 per 10 grams as against Rs 31,250.
Silver ready (.999 fineness) dropped by Rs
US Stocks little changed on Fed hangover
31 October 2013 - 09:31 PM
The bull continues to look like it's running out of steam.
Current Dow Jones is down 27 points at 15591 and Nasdaq up 2.33 points at 3933.
Stocks fell modestly Thursday morning, one day after the Federal Reserve said that it will do exactly what the market wanted. The Fed will keep buying $85 billion a month in bonds.
The Dow, S&P and Nasdaq all dipped after the announcement late Wednesday, coming off of all-time highs.
Investors around the globe also appear to be suffering from rally fatigue. European markets were mixed in afternoon tr
Petrol price cut by Rs 1.15 a litre; diesel hiked by 50 paise
31 October 2013 - 09:04 PM
Petrol price was today cut by Rs 1.15 a litre, the second reduction in rates in a month, while diesel prices were raised by 50 paise per litre.
The price changes announced by oil companies are excluding local sales tax or VAT and will be effective midnight tonight, oil companies announced.
Petrol price in Delhi will be cut by Rs 1.38 to Rs 71.02 per litre, while it will cost Rs 78.04 a litre in Mumbai as against Rs 79.49 currently.
The reduction comes on back of a Rs 3.05 per litre (Rs 3.66 after including VAT) cut in rates effected from October 1.
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