#NiftyMorningOutlook on 4-9-2014 Nifty future expected to open negative in the range of 8110 – 8120. #Nifty: According to Pivot points table support for Nifty Future prices at 8114 and 8088 level. 8170 and 8200 found resistance to the nifty future. #Bank Nifty: According to Pivot points table support for Bank Nifty Future prices at 16093 and 16000 levels. 16283 and 16384 found resistance to the Banks nifty. #USDINRMovement: On 3rd September USD/INR closed Negative at 60.81 (-0.22 or -0.35%) on NSE. #TradeStatistics on 3-9-2014: The turnover of cash and F&O in NSE is Rs 19,677.21 crs and Rs 1,64,478.61 crs respectively #FIIandDII activities in cash segment: On 3-9-2014 FII net bought equities worth Rs +1288.57 crs While DII net sold worth Rs -469.69 crs #Stockstowatch: #Idea Cellular: -PE Firm Providence to sell 2.4 percent stake in Idea Cellular to raise USD 242 million -Providence to sell stake in Idea at approximately Rs 166-172/share #DLF: -Punjab and Haryana HC cancels allotment of 350 acre land to DLF by Haryana government -HC asks Haryana government to re-auction 350 acres in 1 month -HC says DLF permitted to take part in new auction #MajorEconomicEvents: Australia to sign civil nuclear deal to sell uranium to India Australia Prime Minister Tony Abbott said on Wednesday he hoped to sign a deal this week to sell uranium to India for peaceful power generation, but halted uranium exports to Russia over Moscows role in Ukraine. Work on an India-Australia agreement has been underway since Australia, which has 40% of the worlds known uranium reserves, lifted a long-standing ban on selling uranium to energy-starved India in 2012. Nuclear-armed India and Australia have been working on a safeguards agreement since then to ensure any uranium exports from Australia are used purely for peaceful purposes. Textile Ministry for FDI in multi-brand retail, but only in Indian apparel The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail. Contrary to the party’s policy for not allowing FDI in multiband retail, the ministry, in its strategy report for the sector has recommended FDI in single and multi-brand retail under automatic route, albeit restricting its views only to Indian apparel brands. At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company. On the other hand, the ministry is of the view that building brands and expanding retail footprint is capital intensive yet promotion of Indian brands in the domestic market needs to be supported with success in dedicated retail stores for single and multiple Indian brands. #MajorEconomicalEvents #USDINRMovement #DreamGains
Posted on: Thu, 04 Sep 2014 03:57:04 +0000
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