ECONOMY ANALYSIS
September WPI inflation at 6.46% Vs 6.1% (MoM)
Phailin hit 90 lakh people; 23 dead, houses damaged
Studying feasibility of FDI norms in multi-brand: Wal-Mart
Idea gets Unified Licence for 7 circles
Wockhardt down post UK MHRA withdraws certification of unit
RBI may hike repo rate by 25 bps to counter WPI: Experts
MARKET ANALYSIS
Indian shares rose on Monday, marking their highest close in nearly one month, as technology stocks continued to make record highs after Infosys cheered the sector on Friday by raising the lower end of its fiscal 2014 revenue outlook.
The technology sector-led rise on Monday trumped data showing headline inflation accelerated to a seven-month high of 6.46 percent in September, driven by higher food prices.
Uncertainty about the monetary policy could constrain further gains in shares, some analysts said, while any disappointment in earnings could also spark a pullback.
DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 6088 6065 6106 6130 6147
BANK NIFTY 10574 10483 10640 10731 10797
NIFTY 6088 6065 6106 6130 6147
BANK NIFTY 10574 10483 10640 10731 10797
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