Sunday 29 June 2014

Banks rush to dump their bad loans

The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index has immediate support at 7500 and below that 7400 is a crucial support level for Nifty. Stocks in news are SBI, BOB, IOB, Reliance Ind, Infosys, GAIL India, COAL India and NTPC.



Today’s Headlines

1) Anti-lock braking made mandatory in commercial vehicles from April.
2) Banks rush to dump their bad loans, make a beeline to ARCs.
3) Diageo's market share increases to 17%; buoyed by access to the sales network of United Spirits.
4) Cigarette makers urge government to not increase excise duty.
5) 2 senior GAIL officials suspended over Andhra Pradesh pipeline mishap.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

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