ECONOMY ANALYSIS
Steps to boost corporate bond market soon: UK Sinha
Unilever CFO stands by India as long-term bet
RBI sets rules for banks to swap offshore borrowings
Rs 5/L diesel price hike unlikely as rupee recovers: Sources
See FY14 output at 3.5 lakh tonne: Nalco
Current account gap to narrow, but capital flows key
MARKET ANALYSIS
The S&P BSE Sensex ended the volatile trade marginally below the 20,000 level on Wednesday, as foreign institutional investors (FIIs) bought frontline stocks at lower levels.
The Sensex slipped over 200 points in trade as investors preferred to book profits after the recent rally of over 1300 points so far in the month of September, led by strong buying by foreign institutional investors (FIIs).
The BSE Sensex finally closed 0.35 point higher at 19,997.45. It touched a low of 19,777.63 and a high of 20,055.53 in trade today.
Investors should sell into the rally. Financials is a sector where we still see a lot of stress.
DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5855 5798 5890 5947 5981
BANK NIFTY 10096 9824 10252 10525 10681
NIFTY 5855 5798 5890 5947 5981
BANK NIFTY 10096 9824 10252 10525 10681
READ MORE EQUITY TIPS and FREE NIFTY TIPS
IndusInd Bank Q3: Company reported net profit of Rs 985 crore against Rs 920 crore, QoQ. Gross NPA at 1.13 percent versus Rs 1.09 percent, while Net NPA was at 0.59 percent against 0.48 percent, QoQ.
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