BUY GODFREY PHILIP (LCP-851.2) ABOVE 860 TG-866-874
BUY RUSHIL (LCP 230.15) ABOVE 233 TG-237-242
BUY NILKAMAL (LCP-999.9) ABOVE 1002 TG-1009-1017
BUY VAIBHAV GLOBAL (LCP 539.75) ABOVE 542 TG-547-555
Indian markets will likely be off to a muted start, as investors take cues from mixed trading globally as well as digest a waft of local earnings. At the time of writing, the sGX Nifty was trading 0.2 percent, or 16.5 points, to 8,244. A gap down opening will be important for the market today, after markets bounced back Friday, settling above the 100 day moving average of 8,207. Traders say any short covering rally could again propel the market past that mark, which could provide further strength to the recent rally.
- Indian mkts ended upside. Nifty and Sensex up by 0.72% and 0.72%
- Asia Pacific market mixed. Kospi down by 0.15% & Hang Seng up by 0.78%.
- Wall St. up USD Unemployment claims down to 255K. Dow future up by 152 pts.
Indian indices remained volatile and closed on positive note amid global cues. On sectorial front all major indices traded mixed, Media, Energy, Pharma and Banking were up while FMCG, Metal and Realty traded downside. Sensex was up by 204 points at 27214 & Nifty down by 58 points to settle at 8238 level. European markets traded bullish.
Indian Rupee Update
The Indian rupee opened with a marginal gains of 4 paise at 64.77 per dollar on Monday versus 64.81 Friday.
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