HIGHLIGHT MCX UPDATE

HIGHLIGHT MCX UPDATE:

ZINC SELL CALL DONE 2ND TARGET 212.2 BOOK MORE PROFIT CMP 212.10 

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HIGHLIGHT CASH CALL

HIGHLIGHT CASH CALL:


BUY BANKINDIA ABOVE 102.5 TARGETS 103.30 / 104.50 / 106.10 STOPLOSS 101.20
TIME 1:10 PM 

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Market extends slide; Sensex down 150 pts, Nifty below 10,400

With mixed global cues, the domestic market may see rangebound trade on Wednesday. Let’s check out what all might influence Dalal Street all through the day. Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.

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Easing India inflation reprieve for Asia's worst bond market

India’s inflation rate dropped below 5 percent for the first time in three months, giving the central bank room to keep interest rates on hold for longer while providing relief to battered bond investors. Government data on Monday showed inflation at 4.44 percent in February, lower than the 5.07 percent pace in January and below the 4.7 percent estimate of economists polled by Bloomberg News.

The easing for the second straight month offers bond investors in India -- the worst performing market among major Asian economies -- something of a temporary cheer. The benchmark 10-year bond yield fell three basis points to 7.60 percent.

“The sharp dip in retail inflation has reinforced our expectation that the MPC would keep the repo rate unchanged in the upcoming policy review in April, which may prompt a further easing of bond yields in the immediate term,” Aditi Nayar, economist at ICRA LtdBSE -1.22 %. said referring to the central bank’s Monetary Policy Committee that’s scheduled to meet April 4-5.

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HIGHLIGHT FUTURE CALL

HIGHLIGHT FUTURE CALL: 

BUY DABUR ABOVE 331.10 TARGETS 332.10 / 333.50 / 335 STOPLOSS 329.50 TIME 10:07 AM

Free Trial: https://goo.gl/NQSe3X

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HIGHLIGHT OPTION CALL

HIGHLIGHT OPTION CALL:

BUY VOLTAS 660 CALL ABOVE 12 TARGETS 14 / 17 / 22 STOPLOSS 8.4

For Free Trial: https://goo.gl/NQSe3X

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Market Now: Telecom stocks plunge; Idea Cellular, RCom, Bharti Airtel among top losers

The BSE Telecom index was trading 1.61 per cent down at 1,360 around 12:25 pm (IST) on Wednesday, with shares of GTL Infrastructure (down 9.55 per cent) and OnMobile Global (down 5.17 per cent) as the top losers. Shares of Himachal Futuristic Communications (down 5.12 per cent), Aksh Optifibre (down 4.93 per cent), GTL (down 4.12 per cent), Idea Cellular (down 3.60 per cent), Tejas Networks (down 2.49 per cent), Reliance CommunicationsBSE -2.47 % (down 2.28 per cent) and Bharti Airtel (down 2.03 per cent) were also in the red in the index. Meanwhile, Mahanagar Telephone NigamBSE 0.71 % (up 0.94 per cent) and Bharti Infratel (up 0.83 per cent) were trading with gains.


Benchmark BSE Sensex was 202 points down at 33,115, while the NSE Nifty50 index was down 73 points at 10,177. Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red. HDFC, Bajaj Auto and Tata Motors were among the gainers in the Sensex kitty of stocks.

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