Market Outlook: Indian markets are expected to continue the jittering sentiments on Indian economic. Markets are tracking weak Asian markets after Fitch last week warned on a rating downgrade of France and six other European countries.
Global Markets: US stocks finished mixed to lower on Friday after Fitch Ratings said it was sticking with its AAA rating for France but revising its outlook down while warning that downgrades were possible for six other Eurozone countries.
Global events to watch:
Housing Market Index
Global indices Update @ 8:
Dow Jones : 11866` (-02.42)
NASDAQ : 2555 (+14.32)
Nikkei 225 : 8331 (-70.72)
Hang Seng : 17893 (-369.9)
SGX CNX Nifty : 4579 (-47.00)
Gold (USD/t oz.) : 1590
Nymex Crude (F) : 95.40
INR / 1 USD : 52.81
TECHOUTLOOK : Support for Nifty is at 4550 resistance at 4620.
Call for the day:
Sell Tata Steel SL 375 Target 334.
Sell L&T SL 1100 Target 1030/1020.
Stocks in action for the day: Piramal Life Sciences, Sudarshan Chemical, Ashiana Housing
Piramal Life Sciences has fixed December 26, 2011 as the record date for determining the entitlement of the shareholders to receive the
shares of Piramal Healthcare in the ratio 1:4.
Sudarshan Chemical Industries has entered into an asset purchase agreement with Germany-based Eckart to buy its cosmetic portfolio based on natural mica.
Ashiana Housing has resumed construction work at phase 1 (2.25 lakh square fee) of Ashiana Utsav project at Lavasa. The entire project spans around 6.87 lakh square feet.
Monday, December 19, 2011
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