31 January 2014

MUST KNOW BEFORE TRADING IN NIFTY FOR 31 JANUARY 2014

  • The rupee on Thursday depreciated by 15 paise versus the dollar to end at 62.56, its first drop in three sessions, in line with a sell-off in emerging markets after US Federal Reserve scaled back its stimulus programme.
  • DOW JONES closed 109  points up  closed @ 15,848
  •  NIKKIE closed 22  points up closed @ 15,029
  • HENG SENG closed 106 points down closed @ 22,035
  • Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could rise 8.50 points at the opening bell. Punjab National Bank and IDFC will unveil Q3 results today, 31 January 2014.
  • Bank stocks may be in focus after the Reserve Bank of India (RBI) on Thursday, 30 January 2014 laid out a road map to deal with a surge in bad loans in the banking system
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