Domestic markets due to a sharp fall in the rupee's weakness is to start with. Sensex down 49 points at 20018 and Nifty level of 6080 are down 10 points. Pressure on the market in early trading.
FMCG, capital goods, IT, auto, tech, banks, metals stocks have down from 0.6 to 0.2%. Realty, power and government pressure on stocks. Oil and gas stocks are sluggish. Consumer durables, healthcare has climbed from 0.75 to 0.25%.
Nifty stocks PNB, ITC, TCS, Ultratech Cement, Tata Motors, GAIL, Bharti Airtel, L & T, IndusInd Bank, Coal India, BHEL, Maruti Suzuki, Ranbaxy has fallen from 1.7 to 0.7%.
DLF May 14 through IPP is selling 8.1 million shares at a price of 222-233. DLF is 0.75% weaker.
In the fourth quarter of fiscal year 2013 net profit of Bank of Baroda is projected to fall by 31 per cent. Bank of Baroda fell 0.5%.
Dr Reddy's have sprung up 1.5%. Cipla, Tata Steel, NTPC, BPCL, Lupin, NMDC strong 0.8 to 0.2%.
Asian markets mixed business is. Weakness in the yen Nikkei rose 1.5 per cent to reach a height of 5 years. The Hang Seng lost 1%. Taiwan Index, Shanghai Composite, Straits Times has fallen from 0.5 to 0.2%.
According to Get Share Tips Pharma Sun Pharma and the rest are significant differences in valuation. PSUs like NTPC looks to invest in shares. Oil & Gas and mid-cap pharma stocks can be.
ONGC can be placed in the portfolio. 90 paise per liter hike in diesel prices is a positive sign. In fiscal year 2014 earnings will rise in the oil marketing companies. Reduce the subsidy burden on upstream companies.
Get Share Tips, HDFC Bank and HDFC seem expensive. Reliance Communications is no change in fundamentals. Reliance Communications is better not to buy now.
Consumer demand sector could be slowing. Consumer demand in the country after the investment will grow. At 18 months, the expected recovery in investment. Maruti Suzuki has sprung because of weakness in the yen.
Now down 0.8% on MCX Gold is trading below Rs 26 800. While MCX Silver is trading down 0.7% to Rs 45,000. MCX Crude oil slipped 0.3% has come down to Rs 5,240.
MCX Base Metals have declined by 0.5%. Copper is trading down 0.6% to Rs 408.5. While 0.35% of aluminum, nickel, zinc and lead 0.6% to 0.3% decline.
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