Major Results Today:-
Bajaj Corp,CEAT,Century Text,Federal Bank,Glaxosmithkl Cons,Orient Paper,PSL,Voltas,Glenmark Pharma.
NiftyFutures:
Profit booking recommended in the range of 5270 - 5310 in Nifty Future.
DebtMarket Update:
10 year yield likely to move in the range of 8.21% - 8.27% level on Wednesday.
NEWS UPDATE :-
RBI revised GDP growth forecast to 6.5% in FY13 from 7.3%. It also revised upwards the inflation forecast from 6.5% to 7%
Consumer spending in the #US was unchanged in June, 2012 after a 0.1% decline in May, 2012
Suzlon Energy’s German subsidiary #REpower bagged orders for supply of 219MW machines worth €247 mn in the June-July period in 5 countries.
SunTV Network inked a deal with Tamil Nadu Arasu Cable TV Corporation Ltd., an undertaking owned by the Govt of Tamil Nadu.
EngineersIndia won a contract to provide engineering consultancy services to PetronetLNG for its upcoming import terminal at Gangavaram.
Intraday stock tips :-
SELL TATASTEEL FUT SL 430 TGT 395
BUY IVRCLINFRA @ 44.75-45 SL: 44 TGTS: 47-48
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