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MindTree Q4 net profit was up at Rs 32.2 crore versus Rs 30.5 crore, QoQ.
The crucial support on the Sensex on the downside is 19450 and resistance at 19713.
IndoAsian Fusegear | RIL | Axis Bank | Unitech | Maruti | Binnani Cement | 3i Infotech | MindTree and JSPL are stocks, which are in the news today.
London Brent crude prices were stable above USD 124/barrel on weak dollar.
The crucial support to watch for the Nifty would be 5800.
From the opening to 12:00, Nifty will play around the surface. There is possibility of a big jump and a big dip.
Spot gold hit a lifetime high on Monday, extending a record-breaking rally to its seventh consecutive session, buoyed by a weak dollar that languished around its three-year low amid fresh tension in the Middle East and North Africa.
Last week provided some hope and promise of a near term upmove. A confirmed breakout is now essential. Any false breakout would spell deeper trouble for the market. If the breakout comes about then a big rally could get underway.
Total Stock Futures added 6.91 crore shares in OI. Nifty Open Interest PCR was up at 1.46 versus 1.36. Nifty 5900 Put added 23.74 lakh (48%) shares in Open Interest.
As per astro economics today government banks, tyre, software companies may lead.
The coming session is likely to witness a resistance at the 5925 levels on advances above which the 5945 maybe tested. Support is likely at the 5850 levels below which the 5825 maybe seen.
DLF incorporated on dated 18th June 1980. Today Moon is transiting over the 6th house from the natal moon and other planetary combinations are indicating some upside in intraday.
The bond market is expected to be bearish on spiraling oil prices and expectation of RBI action on inflation and rates. The supply pressure through auctions of sovereign bonds may also weigh on sentiment. The 10-year yield is seen between 8.05- 8.10%, says Suresh Prabhu, Money Market Analyst.
The market has run 11% from its February lows even as macro risks relating to high crude prices and inflation have risen, says N Krishnan, CLSA.
The rupee is likely to gain on the dollar's weakness. However, higher crude prices coupled with month-end demand from importers could cap the rupee's gains. The range for the day is seen between 44.15-44.45/$, says Subramaniam Sharma, Greenback Forex.
F&O cues: Total Futures Open Int up Rs 1868 crore and Total Options Open Int up Rs 3277 crore.
The Dow Jones Industrial Average ended up 52.45 points or 0.42% at 12,506 on Thursday. It was up 1.33% for week and up 8% YTD.
Market cues: FIIs net buy USD 104 million in the cash market on April 20.
At 7: 46 am (IST), Asian markets were trading mixed.
The Rs 750 crore IPO of Future Ventures, a subsidiary of the Future Group led by Kishore Biyani, will open for subscription on Monday, April 25. It is the second big IPO post the Muthoot Finance.
If Greece restructures its debt, it may choose to extend bond maturities rather than take the harsher step of cutting the amount of principal it repays. But the softer option might hurt Greek banks and state pension funds without doing enough to solve the country's debt problem.
UAE's Etisalat, which scrapped a $12 billion takeover of Kuwait's Zain last month, said its group chief financial officer has resigned due to personal reasons.
Auto major Maruti's fourth-quarter (Q4) numbers are likely to disappoint the market as per a CNBC-TV18 poll. The street, however, would only be worried if margins dip significantly below 9% for the quarter.
Portugal's budget deficit for 2010 has been revised higher to 9.1 percent of gross domestic product, raising pressure on the caretaker government as it negotiates the terms of a bailout likely to reach 80 billion euros.
Emaar Properties, UAE's biggest developer by market value, posted a 45 percent drop in first-quarter net profit, missing analysts forecasts, as revenue dipped and losses from associate firms rose.
