Nifty at a support of 4008 and 3946 with resistance at 4150 and 4223 levels
Buy : Infy at dips, Infact IT stock
The European Central Bank (ECB) is all set to hike rates today to contain inflation. If the ECB indeed raises rates, the euro will strengthen against the dollar, which may push oil further up.
Some technical analysts suggest that good times may return soon. Their contention is that the Nifty rebounded from a level which marked 50% correction from the lows of May 2004, when the current bull run began
Economic Front Page
The Centre has decided to initiate decontrol of the sugar industry from the new crushing season, beginning October. (BL)
The Government may ease service tax norms for truckers. (BS)
The Karnataka government set to scrap Rs300bn petroleum, chemicals and petrochemicals investment region (PCPIR) project. (BS)
The steel ministry has summoned steel producers to discuss retail prices and export figures. (BS)
PF Act likely to cover firms with 10 employees. (BL)
The soaring global food prices will adversely impact government finances in countries like India, says S&P. (FE)
The Government to liberalizing the 10% mandatory cap on price hike of drugs outside the price control. (ET)
India to have 737mn mobile users by 2012, says Gartner. (ET)
3G spectrum auctions not before the year end. (TOI)
There is no threat from Blackberry services, says Telecom Secretary Siddharth Behura.
Vijay Mallya may acquire a stake in SpiceJet