Wednesday, 18 September 2013

CapProIn: Stock Market Tips

04:51    4 comments



The market has opened on a positive note this morning.
Realty, capital goods, automobile and FMCG stocks have edged higher.
Select pharma and IT stocks have also moved up.
The Sensex is up 90 points or 0.44% at 18,894.
The Nifty is up 21.30 points or 0.36% at 5871.50.
The mood is likely to remain cautious on the Indian bourses on Wednesday, with investors eyeing the outcome of the U.S. Federal Reserve's two-day meeting.
Also, with the Reserve Bank of India set to come out with its monetary policy review this Friday, investors may not go in for any aggressive buying. While there is a demand for a cut in policy rates, the surge in inflation may prompt the central bank to hold rates at current levels.
Jewellery firms with large imports may find the going tough following the government hiking import duty on gold jewellery to 15%.
The rupee's movements will be watched. Activity is likely to remain stock specific.


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