Monday 30 September 2013

Market Outlook - Nifty index is expected to open soft!

The 50-share Nifty index is expected to open soft on Tuesday following mixed trend in other Asian markets. Tracking the momentum, the index may open firm but may pare gains to test its crucial support level of 5700 in trade today. Stocks in news are Reliance Ind, MRF, Infosys, BPCL, HPCL, IOC,
Electrosteel, Siemens, Berger Paints, Hexaware Technologies and Apollo Tyre.

Today’s Headlines

1) UCBs asked to provide audit certificates of farm debt waiver.
2) Stressed assets for banking sector may peak at 15%: Fitch.
3) Oil companies cut petrol rates by Rs 3.66 a litre; diesel costlier by 56 paise.
4) DHL Express to hike rates by nearly 10% in India from January.

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



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