Share Market Today:
Economy is showing signs of improvement. HDFC 's Keki Mistry, Vice Chairman and CEO, says the government's move to reform the economy will strongly boost but it will take time to see the full effect. The Government will give further momentum to reform. Home loans are seeing robust growth in demand.
NIB may Get Its Clear Way Today:
Long been Controversial National Investment Board (NIB) is cleared by the Government today. NIB today's Cabinet meeting, the government can take a decision. Urea investment policy may be decided on the same day. The board will be revised in the process. Now, rather than the prime responsibility of the Cabinet Secretary will be on NIB, although the final decision remains with the Prime Minister.
Nifty Today:
Nifty closed on a slight bullish note at 5900. So today the first resistance for nifty is at 5916-19 level. Next resistance ranges is at 5963 level. On downside first support is at 5847-43 level. Next supports are at 5811-06 level.
Stocks For Today:
Reliance Industries
Reliance Industries Exim Bank has approved a loan of Rs 5,800 crore. Reliance of the Exim Bank, JP Morgan Chase, to be given to guarantee the debt of $ 1.06 billion. Reliance Jamnagar use loans to $ 2.12 billion project will expand.
MphasiS
MphasiS qoq in the fourth quarter, net profit of Rs 208.7 crore from Rs 209.3 crore has been 0.3 per cent. MphasiS sales in the fourth quarter, down from Rs 1,306 crore to Rs 1,355.
JSW Steel
products company is looking to grow by 3-4 per cent.
IVRCL
Barclays Euro 23.3 million of the 10.5 million shares in IVRCL.
IndusInd Bank
5.21 million shares of the bank's board approved to QIBs.
Great Offshore
Company for payment of outstanding FCCBs in 2012 and now has asked 6 months.
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