Nirmal Bang has come out with its report on Gold and Silver. According to the research firm, precious metals prices are trading higher on COMEX today. Expect a further rise in the prices of precious metals on account of weak US dollar overseas. Buying at dips is recommended for the day.

Hindustan Unilever gains 0.8 percent after Deutsche Bank upgrades India's largest consumer goods maker to "buy" from "neutral" and raises its target price to Rs 530 from Rs 500.

J.P.Morgan upgrades Coal India Ltd to "neutral" from "underweight", saying the drop in the share price this year is making the risk reward "relatively more attractive."

State-owned NTPC rose more than 3 percent in initial trade on Monday after the company commissioned 500 MW Unit-II of Vindhyachal Super Thermal Power Station.

Gujarat-based Adani Power bounced back on Monday, rising as much as 3 percent in early trade on Monday after the board of directors of the company approved preference issue of 47.86 crore shares to promoters.

Karvy Stock Broking has come out with its report on Indian rupee. The research firm expects the rupee could test the trend-line supports of a falling wedge pattern around 54.17-54.15. Recommend selling on pullbacks for the day.

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R K Global has come out with its research report on Indian equity markets. The firm sees volatile trading ahead of March F&O expiry.

Emkay Global Financial Services has come out with its report on currency. The research firm says for the day USDINR March Future price could trade sideways to lower towards 54.15-54 levels before continue its original bullish momentum, as prices have been holding well above strong support levels of 54 levels.

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The rupee is near a one-high in line with positive global risk sentiment and on the government move to allow investment in debt by foreigners, traders said. The pair at 54.09/10 versus 54.33/34 Friday close, hitting its lowest level since March 19 in trade.

Nirmal Bang has come out with its technical report on currency. According to the research firm, USDINR has intraday support at 53.75 and resistance is at 54.35. Expected intraday range is 53.95-54.35.

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Aditya Birla Money has come out with its derivative report, 5700 PE saw unwinding of 2.8 lakh shares with total OI at 80 lakh shares (PCRâ€OI of 5700 at 1.3) implying immediate short term Nifty will find resistance at 5690-5740 zone.

Gold edged up on Monday as purchases from jewellers crept in after prices dropped to an almost one-week low on a last-minute deal to bailout Cyprus.

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Magnum Research has come out with its report on Indian markets. The research firm says Nifty is expected to trade between 5740-5640 range with positive biasness.

Cyprus secured a package of rescue loans in tense, last-ditch negotiations early Monday, two EU diplomats said, saving the country from a banking system collapse and bankruptcy.

Equity benchmarks surged in early trade after six consecutive sessions of decline. Market experts attributed the recovery mainly to technical factors, as shares were beginning to look oversold, and also due to the firm trend in global markets. However, they are skeptical if the recovery can be sustained.

Nandan Chakraborty of Axis Capital says Indian macro, though expected to incrementally improve from its trough, looks quite vulnerable.

Way2Wealth has come out with its derivative report. According to the research firm, on higher side will continue to see stiff resistance around 5700-5720 levels in Nifty and can see profit booking from those levels whereas on lower side it will find immediate support around 5620-5600 levels.

The euro and Asian shares rose on Monday after Cyprus did a last-ditch deal with international lenders for a 10 billion euro bailout hours before a deadline to avert a financial collapse on the Mediterranean island.

ICICIdirect.com has come out with its report on Indian market. According to the research firm, The Nifty spot has supports at 5630-5610 and resistances at 5690-5730.

According to the report on Indian markets by Angel Broking, Indian markets are expected to open in the green, tracking positive opening trades in SGX Nifty and most of the Asian markets.

The Indian rupee opened on a positive note, at 54.17 per dollar versus the Friday's close of 54.33 per dollar.