Outlook: - Nifty took a breather and closed practically unchanged. - Globally too markets are trading in a band as investors digest a swathe on quarterly results. - We expect Nifty to continue trading in range with positive bias. A breakout above 6,350 on back of good volumes will see Nifty aiming for all-time-highs. - Stock specific activity will be rife as we tread through the result season. News : - An Empowered Group of Ministers approved sale of 10% of government stake in IOC (IOCL IN) through block deals to ONGC (ONGC IN) and OIL India (OINL IN). The stake sale, which is likely to happen within a week. - LT IN : L&T Hydrocarbon has secured orders worth Rs. 10bn from the domestic market in its offshore and onshore business sectors. - BHART IN : AS per media report, Bharti Airtel is in talks to acquire Loop Mobile for around Rs. 7.50bn. - KECI IN : KEC International has secured orders worth Rs. 12.15bn in its transmission and cable businesses. bit.ly/LmIO5a
Posted on: Fri, 17 Jan 2014 03:22:35 +0000
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