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The coming session is likely to witness a resistance at 5425 on advances. Support is likely at the 5225. The bullish pivot for the session is likely at the 5390 levels above which the Nifty must stay throughout the session.
Today is going to be a major time pass feels Ganesha. The figure of Nifty at 9.15 in the morning will be same as the figure at 12.05.
The support for the Nifty is at 5242-5118 and resistance at 5450-5525.
The Indian rupee opened at 45.18 per dollar versus 45.25 yesterday.
The rally in bonds could continue as next year's borrowing programme announced in the Budget yesterday was lower than market expectations, says Sandeep Bagla, ICICI Securities Primary Dealership.
The Budget was not negative for the rupee and some of the proposals for FII investment have provided mild support. The range for the day is seen between 45-45.40/$, says Vikram Nanivadekar, Verity Analytics.
F&O cues: Total Futures Open Int up Rs 2319 crore and Total Options Open Int up Rs 4515 crore.
For years, the question at Cisco Systems Inc was what to buy next, expanding from routers and switches into consumer electronics in an effort to keep its revenue rising by double digits.
List of players who have claimed hat-tricks in the Cricket World Cup after West Indies pace bowler Kemar Roach captured three wickets off consecutive balls on Monday against Netherlands.
Market cues: FIIs net sell USD 117 million in the cash market on Feb 25.
At 7: 51 am (IST), Asian markets were trading mixed. China's Shanghai Composite was down 0.08% or 2.32 points at 2,902.74. Hong Kong's Hang Seng was down 0.23% or 52.85 points at 23,285.17. Japan's Nikkei added 0.69% or 73.12 points at 10,697.21. Singapore's Straits Times gained 1.09% or 32.93 points at 3,043.44.
Indian ADRs ended mixed on Monday. In the IT space, Infosys was down 0.95% at $ 66.70, Wipro was down 0.9% at $ 13.16 and Patni Computers was down 0.41% at $ 19.60.
In the US markets, stocks overcame some afternoon selling to settle in positive ground. This helped secure the sixth straight monthly gain for both the S&P 500 and the Nasdaq, and the third straight monthly gain for the Dow.
Overall Union Budget 2011-12 was positive for markets. Fiscal deficit situation was under control and sentiment clearly turned positive.
The Dow Jones Industrial Average ended up 96 points at 12,226. The Nasdaq Composite was up 1.2 points at 2,782 and S&P 500 index rose 7 points at 1,327 on Monday.
Equity diversified NAVs ended higher with advance:decline ratio of 245:8 as the Markets closed firm, but way off their intra-day highs, as the initial euphoria over a better-than-expected budget was swiftly overshadowed by near term macro-economic concerns and soaring crude oil prices.
A Special court is likely to pronounce the quantum of punishment for the 31 convicts in the 2002 Godhra train burning incident that killed 59 people and triggered large scale communal violence in Gujarat.
The Bombay High Court today observed that the Union Railway Budget presented last week should have made certain provisions for having at least one ambulance at every suburban railway station in the city to cater to accident victims immediately.
Finance Minister Pranab Mukherjee today said the government will introduce the proposed National Food Security Bill, that seeks to provide a legal guarantee for cheaper foodgrains to the poor, in Parliament this year.
Reserve Bank Deputy Governor Subir Gokarn welcomed the budget proposals to check fiscal deficit by keeping a tab on the subsidy bill, saying they are the right steps towards fiscal consolidation and offer the central bank more leg-room on monetary policy front.
Gems and jewellery industry today expressed disappointment over reintroduction of 1% excise duty on branded jewellery in the Union Budget and called for a rollback of the decision.
The Reserve Bank of India (RBI) does not see any challenge in managing the borrowing programme for fiscal year 2011/12, a deputy governor said, after the government unveiled a lower-than-expected borrowing figure in its federal budget.
For the 10th fortnight in a row, state-owned oil firms today raised jet fuel price by 3.4% in line with spike in crude oil prices.
AT&T will begin carrying online retailer Amazon.com Inc's market-leading Kindle electronic reader next week, expanding the device's availability in stores.
Budget for India's Space strides was today hiked by little over one third of its last year's allocation with the human space flight and Chandrayaan-II cornering handsome amounts.
