The FIIs on Wednesday stood as net buyer in equity while net seller in debt. The gross equity purchased was Rs1,437.60 Crore while the gross equity sold stood at Rs1,295.30 Crore and gross debt sold stood at Rs3 Crore. Therefore, the net investment of equity reported was Rs142.30 Crore and net debt was (Rs3Crore).
Today, Nifty has support at 6,052 and resistance at 6,261 and BSE Sensex has support at 20,074 and resistance at 20,719.
Nelco(Rs.167.15) bagged new orders. Definitely a cheap stock in this overvalued midcap market.
Ahluwalia Contracts India Ltd ( 338.15 )Looks hot for buying
News Snippets:
The Government is considering a hike of Rs4 and Rs2 per litre for petrol and diesel respectively in February.
MTNL is likely to get pan-India mobile license.
LN Mittal in talks with HPCL to make joint bids for offshore oil & gas blocks.
Future Capital fixes its IPO price band at Rs700-765 for its IPO.
RIL and ONGC to face competition from LN Mittal for NELP blocks.
ONGC revives Kakinada refinery after shelving it in 2006.
Bharti Airtel cut its local call rates to a flat Re1 per minute.
Retail investors may get an option of paying 25% at application stage in Reliance Power IPO.
Auto companies report low sales in December
Rotterdam Port in talks with L&T for investing in a Greenfield project in India.
The JV between Verizon and Videocon to start offering internet services; awaits security clearance.
Nuclear Power Corporation may team up with BHEL to build turbines.
ONGC to pay subsidy of Rs170bn in FY08.
Tata group plans to transfer Tata Powers’ strategic electronic division (SED) to Nelco.
Oil PSUs to buy 10% stake in Oil India (OIL) at issue price
Essar led consortium likely to bag Ratna and R-series oilfields.
ONGC and Hinduja plan to invest US$10bn for developing oil and gas fields in Iran.
Petronet’s upcoming LNG terminal in Kochi will be delayed, to be ready by 2011.
Oil PSUs plan to open 3,000 outlets this year.
Abu Dhabi awards US$460mn contract to Japan’s Sumitomo, Germany’s Salzitter and Jindal Saw of India.
UB to seek out a JV partner to grow its Rs15bn business.
Religare to sell stake in its NBFC arm, Religare Finvest to Societe Generale, Goldman Sachs, Blue River Capital and a couple of other PE funds.
Ashok Leyland develops multi point fuel injection engines for CNG carriers.
Parsvnath gets a go ahead from Haryana Government for its IT Park.
Sebi has ruled out flexibility for PSUs in complying with Clause 49.
Broadcasters to receive duty cuts in line with IT and telecom sectors.
Tamil Nadu to nationalize cement plants if companies don’t cut prices.
The Government says Goa's decision on seeking de-notification of three SEZs legally untenable.
The Government plans to bear 80% of the cost of generating solar power.
Singapore Exchange plans launch of BSE products.
The Government may revive ailing fertilizer firms.
The Government may clear civil aviation policy today.
The Government allows 28 new SEZ approvals, including SAIL's Salem SEZ in Tamil Nadu.