Wednesday, 7 August 2013

Market Outlook – 50 Share NIFTY index expected open soft!

The 50-share Nifty index is expected to open soft on Thursday following muted global cues. Tracking the momentum, the index is expected to retest its crucial support level of 5500 in trade today. Stocks in news are Cadila Healthcare, Ranbaxy Laboratories, Adani Enterprises, DLF, Hero Motocorp, Essar Shipping, Reliance Industries, Jet Airways, NMDC, Sobha Deelopers, Gujarat Gas, Godrej Properties, REC, PC Jeweller and Glaxosmithkiline Pharma

Today’s Headlines
 
1) Home and car loans to cost more as PSU banks hike lending rates.
2) Standard & Poor’s sceptical of recovery, raises spectre of downgrade.
3) Cadbury to invest over Rs 1,000 crore in Andhra Pradesh plant.
4) DGH rejects finance ministry idea of old price for Reliance Industries.

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

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