BSE-capital goods index has fallen significantly after Larsen and Toubro, country’s biggest construction major posted below-expected fourth quarter earnings.
Smartinvestor : Markets seem to be consolidating at current levels after sharp gains last week. However, the Nifty has slipped below 6,150 in late noon trades.
Nifty spot closed at 6187.30 this week, against a close of 6107.25 last week. The Put-Call Ratio has increased from 1.22 to 1.26 levels and the annualized Cost of Carry is positive 3.99%. The Open Interest of Nifty Futures increased by 14.47%.
Smartinvestor : Markets have witnessed profit taking at higher levels today after the sharp rise last week. The Nifty seems to hold above 6,050 for now.
Nifty spot closed at 6107.25 this week, against a close of 5944.00 last week. The Put-Call Ratio has increased from 1.12 to 1.22 levels and the annualized Cost of Carry is positive 8.08%. The Open Interest of Nifty Futures decreased by 22.49%.
Smartinvestor : Markets have firmed up in late trades after a range bound trading session in the first half. The Nifty is fast approaching 6,100 levels.
The Congress and Bharatiya Janata Party (BJP) have turned the Karnataka Assembly elections into a virtual battleground, with campaigning increasingly getting fierce, nasty, personal and bitter.
Wipro has shed nearly 10% in today’s session on weak revenue guidance for the Q1FY14, while a number of banks will announce their March quarter results later this week.