06.02.2012 Close: BSE Sensex closed at 17707.31. (+ 102.35 Points). NSE Nifty closed at 5361.65. (+ 35.80 Points).
BSE Sensex in Uptrend
BSE Up by 80 Points. NSE Up by around 29 Points. (02.30 PM IST). IMF Said, China’s inflation has peaked and is coming down to “more comfortable levels,” which should allow the authorities to finetune monetary conditions and supply the economy with “modest additional” credit. This is positive news. Greek worries spoiling the sentiment &
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Unitech Up by around 12%.
Unitech Up by around 12%. Firstpost saying that, Unitech has gained after their telecom partner, Telenor has said that they might be considering quiting the joint venture. The two partners have been in loggerhead over their roles in Uninor.
Realty Stocks in Uptrend.
Realty Stocks gained 4.52% in BSE. Report by Nomura said that commercial real estate is picking up. (Source: Firstpost).
Pre-Market Note to Our Paid Clients.
Important Headlines for 06.02.2012 Trading: Sell Tata Power. Amid costly Indonesian coal putting a question mark over the viability of many power projects, Tata Power has said the flagship 4,000-MW Mundra UMPP could become a “non-performing asset” if no decision is taken on increasing tariffs for electricity from the plant. Buy Cairn India. Cairn India
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Nifty Crosses 5400 For First Time Since August 4, 2011.
Nifty Crosses 5400 For First Time Since August 4, 2011.
Indian Stocks May Open Higher.
Asian stocks rose, with a regional benchmark index (CRY) set to extend its longest streak of weekly advances since 2010, after U.S. unemployment unexpectedly fell, boosting the earnings outlook for Asian exporters. (Source: Bloomberg) Indian Stocks May Open Higher. Major Results Today: Adani Port, Adani Power, BGR Energy, Bajaj Electricals, Dena Bank, GSK Consumer, Gujarat
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