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25 Oct 2016 | 4:32 PM
Research Report

Equity Research Report: Religare Morning Digest

Nifty left the traders clueless on Thursday’s move by giving mixed indications ahead of US Federal Bank’s announcement. The outcome of the meeting will set the opening tone of Thursday’s session.
19 Sep 2013 | 07:00 AM

    Highlights for Today
Market Outlook for the day - Nifty left the traders clueless on Thursday's move by giving mixed indications ahead of US Federal Bank's announcement. The outcome of the meeting will set the opening tone of Thursday's session.
Key Indices – Levels to watch out for the day
SENSEX 20260 20150 19962.16 19810 19660
NIFTY 6000 5960 5899.45 5850 5800
BANK NIFTY 10700 10550 10447.85 10300 10200
CNXIT 8300 8220 8159.10 8100 8000
Corporate News

ONGC Videsh Ltd has used its pre-emptive right in the Brazilian oilfields that Petrobras had planned to sell to China's Sinochem Group. Existing participants in such projects mostly have a first right of refusal, and OVL decided to use it. For the first time Indian oil and gas exploration company has used its pre-emptive right to halt sale to a Chinese firm.

GMR Infrastructure Ltd has divested 74% stake in GMR Ulundurpet Expressways Ltd to India Infrastructure Fund (IIF) for Rs 222 crore.

Suzlon Group's subsidiary REpower has signed four orders for supplying equipment in UK.

SKS Microfinance reported that a leading rating agency has assigned 'A' rating for its long-term and 'A1' rating for its short-term bank facilities for an aggregate sum of Rs 2000 crore.
    Trading/ Investment Ideas
Technical Calls
Recommendation CMP Initiation
Target Time
DRREDDY BUY 2353.45 2330-2340 2295 2480 3-5 DAYS
Fundamental Picks for delivery (1 - 2 Years)
Large Caps ACC, Bajaj-Auto, HCL Tech, HUL, M&M, NTPC, Sun Pharma, Lupin, ITC, L&T, TCS, Adani Ports&SEZ
Midcaps & Small Caps Amara raja batteries, GCPL, Bata India, Shriram Transport Finance,
M&M Financial Services,  Havells India, Bajaj Corp Ltd, LIC housing, Yes Bank
Note – For our running recommendations and past performance, please click here
    Market Roundup
Key benchmark indices surged and hit fresh intraday high in late trade as European stocks and US index futures rose ahead of the outcome of the two-day meeting of the Federal Open Market Committee which concludes on 18 September 2013. The market sentiment was boosted by data showing that foreign funds remained net buyers of Indian stocks on 17 September 2013. Realty and Banking stocks edged higher. Pharma stocks gained for the second straight day. The market breadth, indicating the overall health of the market turned positive from negative in late trade.
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