Market Outlook: Indian Equities are likely to open strong in response to the slew of policy measures announced to stimulate Indian economy from a slumping global crisis. Even Global market are in support as a strong close in the US market on Friday.
Nifty Outlook: Resistance seen at 3134 while major support at 3018
These Govt RBI measures have been aimed at providing adequate liquidity, lowering borrowing costs and giving confidence to investors and borrowers.
Stimulus 2.0 Update: -'All-in-cost' ceiling on ECBs would be removed-Government allows 50% depreciation on CVs bought in Jan-Mar qrt.-Govt extends DEPB scheme till December 31-Govt withdraws customs exemption on zinc, ferro alloys-Govt withdraws duty exemptions on TMT bars, structurals-Exemptions from CVD & special CVD on cement withdrawn-Govt does not see any more stimulus measures this fiscal
Monday, January 5, 2009
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