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A daily market newsletter from myiris.com
January 30, 2012
Pre-market
Market may open negative
SGX Nifty is trading at 5,182.5 (07.55 a.m.), 30.5 points lower than Friday of 5,213. ...more
Stocks in news
RINL, NMDC, Diamond Power...
After acquiring Australian firm Legacy Iron Ore last year for Rs 920 million, NMDC is eyeing to acquire two more properties- Ridley iron ore deposit of Atlas Mining and Wonarah phosphate reserve of Minemakers - in the island continent. ...more
Outlook
Sensex has resistance at 17,260 & 17,390
``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 12.4 billion on both BSE and NSE on January 27 as per provisional data available at NSE. ...more
Weekly Technical call
Punjab National Bank
`Sell` below Rs 964 with stop loss of Rs 974 (on daily closing basis) for short target of Rs 944. ...more
