Reduction in CRR more Better: SBI
State Bank of India (SBI) The Chairman Prateep Chaudhary say that the present situation for the principle of repo rate is reduced it difficult. Reduction in CRR should be so much better.
Prateep Chaudhary are of the opinion that in view of the prevailing situation of inflation major reduction in interest rates should not be While in CRR 0.5 - 0.75 per cent reduction of good signals.
According to the Prateep Chaudhary after 3.65 crore shares of money received government have no need of any money. In the beginning of April while liquidity is expected to better By the end of March is the problem of liquidity. If liquidity is better customers SMEs to 15 April interest rates for.
Sluggish Business In The Market, M&M Fast
Mixed signals from international markets due to the domestic markets began with the illness. spear 17430 sensex 26 points and automated 1 points on 5296 leakages spear Early in the business fluctuations in the market.
Consumer durables impeded 2.5 per cent share. Auto, power, Reality, banks, technical shares of 0.5 per cent in fast 0.8 -. Still, capital goods, PSUs also share strong.
Sales figures of March because of brilliant M&M and Tata Motors of 1 per cent increase in the shares.
DLF, GAIL, 856, Bharti Airtel, NTPC, SBI, Maruti Suzuki, Tata Power, Tata Steel, Jindal steel, HDFC Bank, Hindalco, HDFC Bank, LNT, ICICI, Bajaj Auto, hero motocorp Cipla, strong 1.3 -0.4 per cent.Oil and gas shares and 0.5 per cent share botad fell 0.25 per cent. Weakness in metal and FMCG shares.
Coal India broken 1.5 per cent. Sun Pharma, Reliance Industries, HUL Sterlite Industries, stocks, fell 0.75 -0.2 per cent.
Asian markets in joint business. gliding seng, Taiwan index and Singapore in automated fall of 0.75 -0.5 per cent. Shanghai composite, Nikkei, Cospy to steer India toward the 0.75 -0.25 per cent on the business.
Consumer confidense on Friday 6 months it at the highest level of procurement from reaching in American markets. Dao Jones and automated closed on speed of 500 0.5 per cent. In the Nasdaq composite, there was a slight decline.
STOCK MARKET REVIEW: 2ND APRIL 2012
BSE Small-Cap index was up by 1.68% while the BSE Mid-Cap index finished 1.08% up.CNX MIDCAP 50 index was up 0.72% and S&P CNX 500 was up around 0.60%.The SENSEX closed 74 points up at 17,478 and the NIFTY stood at 5317, up by 23 points.
BSE SENSEX and NIFTY opened flat on the very starting session of the week, later it paced up to 126 points but the weak PMI data from European markets erased the gain ended with approximately 75 points. NIFTY also managed to hold the level of 5300 well supported by banking, capital goods, power stocks and TCS. The pressure was created by index heavy weight RELIANCE INDUSTRIES, lost up to 1 percent on the day as experts are expecting poor results for fourth quarter financial year 2012. EMKAY said in its report that net profit is expected to be declined by 35 percent year in EBIDTA at Rs. 6,372.80 crore and fall of 25 percent in net profit at 4,012 cr.
NIFTY OUTLOOK FOR 3RD APRIL 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1 | 5280 |
SUPPORT 2 | 5250 |
RESISTANCE 1 | 5340 |
RESISTANCE 2 | 5370 |
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1 | 10210 |
SUPPORT 2 | 10130 |
RESISTANCE 1 | 10350 |
RESISTANCE 2 | 10410 |
TECHNICAL CALLS FOR TODAY: 3RD APRIL 2012
STOCK CASH
STOCK FUTURE
NIFTY FUTURES
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