Sensex and Nifty continue to see-saw in negative and positive zone. The 30 share index Sensex dropped 28 points to 28124 and the 50 shares index Nifty dropped 11 points to 8660. BSE Mid-Cap has hiked 57 points to 12810 and Nifty MidCap hiked 37 points to 14852. Commodity Market is moving in the positive zone with high leads. MCX Gold hiked 180 points to 31399 and Silver hiked 481 points to 46606 points. Crude Oil surges a great hike of 74 points to 3045. Rating Agency Fitch has questioned for the balance sheet to the Bank.
DhanLaxmi Bank: According to Fitch, bank's Capital Adequacy risk is increased and bank has not given the interest on date instruments.
Sell DhanLaxmi Bank below: 21.39 Targets: 20.26 - 19.15 - 18.07 - 17.02 Stoploss : 22.56
Infosys: Royal Bank of Scottland has canceled the project of infosys, Infosys was the technology partner of the bank in UK.
Sell Infosys below: 1040.06 Targets: 1032.53 - 1024.51 - 1016.52 - 1008.56 Stoploss : 1048.14
Oil India: Russia and Saudi Arab are discussing on stabilizing the crude prices. Efforts to stabilize the price of crude has seen a surge in crude prices which will benefit Oil India and ONGC.
Buy Oil India above: 370.56 Targets: 375.2 - 380.05 - 384.94 - 389.86 Stoploss : 365.76
GMR Infrastructure: GMR Infra deal with Malaysia's Tenaga has been approved by the Competition Commission. GMR Infra and Tenaga Malaysia is between $ 30 million deal.
Sell GMR Infrastructure below: 13.14 Targets: 12.25 - 11.39 - 10.56 - 9.77 Stoploss : 14.06