HNI Future Calls: Only HNI Trader Can
Sell Karnataka Bank future contract below 100.5 Targets 100.5 Stop Loss 105.5
FRL Calls: Sell FRL currently future
below 88.2 targets 87 , 85.7 stop loss 105.5.
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Event
week market closed on higher level nifty sustained above 6000 mark on Friday. Whole
sale price index increased marginally to 4.86% in June compared to 4.7% during
the previous month. The inflation stood at 7.58% during the same month last year.
the rate of inflation of food articles, which has 14.34% jumped to 9.74% in June compared to 8.25% in may. RBI (reserve
bank of India) hike lending rates to commercial banks by 2 percent to 10.25
percent.rbi has capped borrowing through the liquidity adjustment facility (LAF)
at 75000 crore, raised the marginal standing facility rate to 10.25 percent and
announced the sale of rs. 12000 crore worth of government securities.RBI has
also increased the marginal standing facility (MSF) rate to 10.25 percent from
8.25 percent. Reliance industry quarter first net profit up 19 percent
.refining revenue of the company is at rs.81458 crore versus Rs 77872
crores.tcs software major profit grew by about $ 668 million. Rupee
strengthened closed at 59.35 per dollar up by 0.55 .since January the rupee has
weakened 7.89% .on the global front France’s cap was down by 0.43%, Germany’s
dax was down by 0.42%, Britain fest was down by 0.41%.
Nifty
ended negative Today at 6029.20 down 0.15%. IT, Auto and technology stocks
traded higher. TCS gained 4% today trading session after better than expected
quarter result. Reliance industries stocks hits 6month higher ahead of Q1
result. NIIT Technologies post 6% loss in Q1 earnings. Banking and Financial stocks traded bearish, analyst
expect RBI may rollback liquidity measures in 2-3 weeks.