As per the mixed global market reactions nifty may expect to open in the range of 7635-7645. Nifty: According to Pivot point’s table support for Nifty Future prices at 7610 and 7565 level. 7690and 7740 found resistance to the nifty. Bank Nifty: Nifty: According to Pivot point’s table support for Bank Nifty Future prices at 15220 and 15090 level. 15430 and 15555 found resistance to the Banks nifty. USDINR Movement: On 16th July USD/INR closed positive at 60.06 in spot Market. Stocks to watch: Mahindra and Mahindra large deal: 1.8 crore shares to be sold in open market today. Price band for share sale to be Rs 1,135-1,208/share Adani Enterprises. Board to meet on August 9 to mull borrowing up to Rs 2,500 crore – Board to consider issue of offerings including non-convertible debentures, FCCBs, FCEBs of up to Rs 6,000 crore. Financial Technologies says: Company has further sold 20.4 lakh MCX shares in market. Financial Technologies had sold 10.19 lakh MCX shares on July 8 -Companys stake in MCX down to 20 percent post share sale, which is under lock-in till March 7, 2015. Major Economical Events: Exports continue to grow at double-digit rate in June: Merchandise exports grew 10.22 per cent to $26.4 billion in June from $24.02 billion in the same month last year, driven by strong demand for engineering goods, ready-made garments and petroleum products. This was even as the export number for June 2013 was revised upwards from $23.78 billion, thereby increasing the base. This was a second straight month of double-digit growth in exports, with the rate in May higher at 12.40 per cent, official data released on Wednesday showed. Govt clears 19 FDI proposals worth of Rs 2,327-cr investment: Govt gave its nod to the proposal of Walt Disney Company, Singapore to infuse additional capital in UTV Software Communication
Posted on: Thu, 17 Jul 2014 03:57:35 +0000
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