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A daily market newsletter from myiris.com
January 16, 2012
Pre-market
Market may open sharply lower
SGX Nifty is trading at 4,841 (07.29 am), 45 points lower than Friday closing of 4,886. ...more
Stocks in news
RIL, Apollo Tyres, DCB, Shree Cement...
Reliance Industries (RIL) is planning to pick up a minimum 26% stake in leading cable operators, including multi-system operators. ...more
Outlook
Sensex has support at 16,050 & 15,890
``The Indian markets are expected to open negative on the back of negative global cues,`` said ICICIdirect. ...more
Institutional Activities
FIIs net buyer
Foreign Institutional Investors (FIIs) were net buyers in the equity segment worth Rs 2.94 billion on both BSE and NSE on January 13 as per provisional data available at NSE. ...more
Weekly technical call
Kajaria Ceramics...
Buying Kajaria Ceramics recommended in range of Rs 98.50 - 97.50 as against current market price (CMP) of Rs 104.30 with target of Rs 107 higher and stop loss of Rs 94.90. ...more
Sector watch
Nomura prefers banks, IT and pharma over capital goods and autos
``We start 2012 against this backdrop. The bad news is that not much is likely to change in the 1H of this year. The sharp depreciation of the rupee on global cues has hijacked inflation,`` said Nomura Financial Advisory and Securities. ...more
