Sunday 25 August 2013

Market Outlook – NIFTY Index is expected to open Higher!

The 50-share Nifty index is expected to open higher on Monday following positive trend in other Asian markets. Tracking the momentum, the index is expected to regains its crucial psychological level of 5500 in trade today. Stocks in news are Tata Motors, ONGC, Gail India, Indian Hotels, Axis Bank, Financial Technologies, Ranbaxy Laboratories and Jindal Steel and Power.

Today’s Headlines

1)    SBI expects Rs 4000-cr in capital infusion.
2)    Bank of Maharashtra raises interest rates on domestic term deposits up to 150 bps.
3)    ONGC unit to buy stake in Anadarko Mozambique block for $2.64 bn.
4)    TDSAT to hear Vodafone plea on DoT penalties on September 4.

For detail analysis report please visit:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

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