ECONOMY ANALYSIS
See Infosys post more stable margins over 2-3 years
ArcelorMittal sells stake in Erdemir for $267mn
FIPB to consider Singapore Airlines JV plan on Oct 18
Eyeing re-entry into CDR cell; healthy loan growth: IFCI
AAI employees protest against privatisation
Car sales up 0.7% in Sept: SIAM
MARKET ANALYSIS
The Nifty closed above the 5,900-mark after retreating from the higher end of the trading range following profit-booking in banks.
The RBI may hike repo rate by 25-50 bps in 2013 to keep inflation under check, say economists.
Foreign institutional investors bought shares worth Rs 494.13 crore while domestic institutional investors were net sellers worth Rs 267.46 crore on Monday as per the provisional data from the National Stock Exchange.
DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5900 5872 5941 5969 6009
BANK NIFTY 10004 9867 10227 10364 10588
NIFTY 5900 5872 5941 5969 6009
BANK NIFTY 10004 9867 10227 10364 10588
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Blue Chip CASH BUY NSE INFIBEAM AT 224 TARGET 227-230 SL 221
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