• Indian equity markets down by 0.03%
• Nifty up by 6.00 pts and settle at
• Sensex up by 54.00 pts at 20026.00
• Bank Nifty up by 120.00 pts at 12728.00
• European markets were up with FTSE
up by 18.47 closed at 6196 ,CAC down by
14.84 closed at 3726 and DAX up by
11.33 closed at 7707.
• Dow future was down 4.00 closed at
Key benchmark indices eked out small gains in a volatile session of trade as European stocks edged higher ahead of a vote to increase the US debt ceiling. BSE Sensex advanced 45.04 points or 0.23% to settle at 20,026.61.S&P CNX Nifty advanced 5.80 points or 0.1% to 6,054.30.Among the 30-share Sensex pack, 16 rose while the rest of them fell.PSU OMCs fell as US crude oil futures rose on speculation that the United States will lift its debt limit. BPCL (down 1.87%), HPCL (down 1.54%) and Indian Oil Corporation (down 2.27%), edged lower.HUL’s decision increase the rate of royalty to the parent firm weighed on other MNC FMCG stocks. Nestle India, Colgate-Palmolive (India) and Procter & Gamble Hygiene and Health Care dropped 2.8% to 4.2%.IT stocks were mixed. TCS declined 0.35%.Wipro expects revenues from IT Services business at $1.585 billion to $1.625 billion in Q4 March 2013. Polaris Financial Technology lost 6.85% after consolidated net profit fell 26.24% to Rs 40.66 crore on 4.37% decline in net sales to Rs 572.88 crore in Q3 December 2012 over Q2 September 2012. Metal stocks edged lower. Sterlite Industries (India) (down 0.09%), JSW Steel (down 0.41%), Jindal Steel & Power (down 0.52%), Sail (down 0.99%), Hindalco Industries (down 2.93%) and Hindustan Zinc (down 1.46%) declined. Larsen & Toubro rose 0.69% to Rs 1,562.95 ahead of its Q3 December 2012 results tomorrow, 24 January 2013.
• Bharti group to expand in Africa: Sunil
• Imported coal price, Barmer plant boost
Q3: JSW Energy
• Tata Motors tumbles on JLR margin
• Bharti Airtel raises call prices, rivals seen
STOCKS TO WATCH
• TATA MOTORS
SCRIPS IN BAN PERIOD
• RENUKA IBREALEST
Factors to watch
• Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 6010
• Resistance: 6090
• Bank Nifty looks Consolidate
• Strategy: Sell on rise
• Support: 12650
• Resistance: 12790
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