Latest Nifty Updates and Trends-Equity Report 10/dec/2013 | Nifty Outlook

ECONOMY ANALYSIS

• Janlokpal Bill issue: Anna to sit on fast from tomorrow
• China Nov inflation slows to 3%, eases tightening fear
• Taper in Jan-Feb; Nifty may hit 7000 near term: Geosphere
• FDI into India likely post infra reforms: EM Capital
• EGoM to meet on Dec 10 to decide Power Grid issue price
• Small steps to Mars are a big leap for Indian companies

MARKET ANALYSIS

The BSE Sensex rallied as much as 487 points in intraday trade to hit fresh record high of 21,483.74 in morning trade on Monday, boosted by optimism that rising wave is in favour of the BJP as well as an anti-Congress vote in these states.
At 02:40 a.m.; the BSE Sensex pared some of the morning gains and was trading 332 points higher or 1.6 per cent. The index hit a fresh record high of 21,483.74 and an intraday low of 21,282.64.

Reacting to the results, as much as 85 stocks rose to their fresh 52- week highs on the BSE Sensex. From the index L&T rose to its fresh 52-week high. L&T rose over 5 per cent to hit its fresh record high of Rs 1152.

On the National Stock Exchange, 29 stocks rose to their fresh record highs which include names like Gujarat Pipavav, Escorts, Amara Raja Batteries, L&T, Biocon, Crompton Greaves, Kajaria Ceramics, Voltas etc.

DAILY PIVOTS

INDEX                 S1      S2          PP        R1       R2
NIFTY               6325    6300      6370    6395    6440
BANK NIFTY   11934  11861     12080 12153  12298

Latest Nifty Updates and Trends-Equity Report 10/dec/2013 | Nifty Outlook

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