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HDIL QIP: HDIL HAS SHAREHOLDER APPROVAL FOR RAISING $450 MN: SOURCES
HDIL QIP: ENAM, KOTAK MAH CAPITAL, JPMORGAN ARE MANAGING THE ISSUE: SOURCES
HDIL QIP: FLOOR PRICE OF THE ISSUE SEEN AT RS.306/SHARE: SOURCES
HDIL QIP: HDIL HAS STARTED THE PROCESS OF 2ND QIP: SOURCES
MONTEK SINGH SAYS: FOOD INFLATION WILL NOT BE A PROBLEM NEXT FISCAL
MONTEK SINGH SAYS: MAY RAISE MORE FUNDS IN FIRST HALF OF FY'11
MONTEK SINGH SAYS: BORROWINGS IN FY'11 WILL BE LESS THAN FY'10
STEL TO DOT: STEL HAD SUED GOVT WHILE SEEKING LICENCE FOR 16 TELECOM CIRCLES: SRCS
STEL TO DOT: STEL SAYS GOVT CAN CONVEY THIS TO SC WHICH IS HEARING THE CASE: SRCS
STEL TO DOT: STEL READY TO WAIT FOR GOVT DECISION ON ALLOCATING NEW LICENCES: SOURCES
STEL TO DOT: STEL SAYS MAY NOT BE INTERESTED IN ALL THE 16 CIRCLES: SOURCES
SOURCES TO NDTV: STEL HAD CHALLENGED GOVT ORDER ON SETTING CUT-OFF DATE FOR NEW LICENCES
SOURCES TO NDTV: STEL WRITES TO DOT SAYING IT IS RE-VISITING PLANS ON LICENCE FOR 16 CIRCLES
WOMEN'S BILL PASSED: RAJYA SABHA PASSES WOMEN'S RESERVATION BILL
WOMEN'S BILL PASSED: WOMEN'S BILL CLEARS FIRST HURDLE
WOMEN'S BILL PASSED: 33% WOMEN'S RESERVATION CLEARED IN RAJYA SABHA
FUND ACTION: DOMESTIC FUNDS NET SELL RS.171.66 CR IN EQUITIES ON MARCH 9 (PROVISIONAL)
FUND ACTION: FOREIGN FUNDS NET BUY RS.2173.09 CR IN EQUITIES ON MARCH 9 (PROVISIONAL)
POWER SECY SAYS: OIL MIN HAD EARLIER PROMISED VALIDITY OF NTPC'S DISCOVERED GAS PRICE: SRCS
POWER SECY SAYS: POWER SECY WRITES TO OIL SECY ON GAS SUPPLIES TO NTPC: SRCS
POWER SECY SAYS: POWER SECY ACCUSES OIL MIN OF GOING BACK ON ITS COMMITMENT: SRCS
POWER SECY SAYS:: OIL MIN HAD EARLIER PROMISED VALIDITY OF NTPC'S DISCOVERED GAS PRICE : SRCS
KAUSHIK BASU SAYS: LOWER FISCAL GAP TO BEGIN TO COUNTER INFLATION IN 2 MONTHS TIME
RUPEE AT CLOSE: RUPEE CLOSES AT 45.63/$ VS 45.53/$ ON MARCH 8
MONTEK SINGH SAYS: NOT RAISING FUEL PRICES WILL HURT BUDGET DEFICIT
FUND ACTION: MUTUAL FUNDS NET SELL RS.200.6 CR IN EQUITIES ON MARCH 8
FUND ACTION: FOREIGN FUNDS NET BUY RS.2259.4 CR ($497.35 MN) IN EQUITIES ON MARCH 8
BSE NEWS: S RAMADORAI APPOINTED AS CHAIRMAN, BOMBAY STOCK EXCHANGE
NEW FORD FIGO: 1.4 L DIESEL VARIANT PRICED AT RS.4,47,900 (EX SHOWROOM DELHI)
NEW FORD FIGO: 1.2 L PETROL VARIANT PRICED AT RS.3,49,900 (EX SHOWROOM DELHI)

Updated: 27/01/2010 | 12:37 PM IST

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Hold a low profile

Mandar Jamsandekar

Wednesday, January 27, 2010 (New Delhi)

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In the previous week, the markets continued to remain weak taking cues from the earlier week. The last day of the week saw the markets pull back from the lows. The levels from the where the markets bounced back on Friday will play a crucial role for the coming week. If these levels are broken then expect the indices to fall further down by 3 per cent to 5 per cent. The build-up of positions seems to suggest that the mood for the next few days could be weak to volatile.

Watch levels of 16608 as immediate support for the Sensex and 4954 for the Nifty. On the higher side resistance comes in @ 16978 for the Sensex and 5065 for the Nifty. Most of the stocks seem to be in a consolidation mode and so would be the markets in all. Hold a low profile.