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DATE : 1st DECEMBER 2009 MORNING TOAST
Mkts likely to open marginally higher tracking +ve global cues. Sgx nifty +12 pts, hang seng +70 pts, dow fut +10 pts. Indices may face selling pressure at higher levels.
NIFTY BAROMETER Support 5005, 4990, 4956, 4932 Resistance 5042, 5066, 5112, 5138
DAILY WRAP Key benchmark indices surged, ending a two-day losing streak, as the latest data showed the economy expanded at a stronger-than-expected 7.9% pace in the second quarter. The bulk of the recovery was led by a 9.2% growth in manufacturing, while mining and construction activities also expanded by 9.5% and 6.5%, respectively. But agriculture continued to me a major drag with a mere 0.9% growth. However, intraday volatility was high. Today's rally was on the back of lower turnover. Asian stocks surged after UAE central bank on Sunday, offered additional liquidity to local and international banks in the UAE and reassured investors it "stands behind" the lenders. Also boosting the sentiments, global banks outside the Gulf said they were not heavily exposed to Dubai debt.
BOARD MEETINGS : GHCL, SELMCL, ASIAN ELECT.
SAIL plan to raise steel consumption in HP HNG sets up Rs 5.5 bn float glass unit in state Glenmark Pharma to outlicense NCEs RIL topples ONGC as largest gas producer Cambridge Tech to buy German firm M&M, BAE ink venture on weapon systems Essar Oil extends talks to buy Shell`s 3 European refineries JSW to restart work on two projects Siemens Healthcare to be merged with Siemens STOCK SIZZLERS SCRIP
ALCHEM TORRENT POW VIDEOCONIN D OPTO CIRCUIT BAJAJ AUTO DENA BANK IOC ACTION BUY SELL SELL SELL SELL SELL SELL CONDITIO N > 129 < 318 < 231 < 204.5 < 1553 < 77.30 < 288 S/L 127 321 234 207 1571 78.5 291 TGT 134 310 225 198 1515 74 281
DOW JONES NASDAQ FTSE CAC DAX NIKKIE HANG SENG Gainers TATA STEEL BHARTHI TATA MOT SUZLON JP ASSOC SCRIP ACIL COT IND ACIL COT IND STERLING GRE
NIFTY TOP GAINERS ‘N’ LOSERS
HOOGHLI MILLS RAJENDRA SURANA ANURAGHBAI AGARWAL SUPER INFINCON PVT SUPERTEX IND LTD
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