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of higher prices for their produce and will not have any impact on kirana merchants in any way whatsoever," Assocham statement. President Rajkumar Dhoot said in a
India . The PMO wants to list the south-eastern coalfields and Mahanadi coalfields, reports CNBCTV18.
law
Reliance Industries is protesting against the oil ministry's newly-proposed exploration law, even though RIL had made several representations to the government for this very proposal, reports CNBC-TV18.
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MARKET ANALYSIS
THE
MARKET MANAGED TO END THE VOLATILE WEEK ON A POSITIVE NOTE . THE MARKET FELL IN THREE OUT OF FIVE TRADING SESSIONS. MOST OF THE GAINS WERE RECORDED IN THE LAST TRADING SESSION OF THE WEEK ON FRIDAY, 28 SEPTEMBER 2012, WHEN THE MARKET ROSE ON THE BACK OF A GLOBAL RALLY THAT WAS TRIGGERED BY SPAIN ANNOUNCING A CRISIS BUDGET FOR 2013 ON THURSDAY, 27 SEPTEMBER 2012, BASED MOSTLY ON SPENDING CUTS. THE BSE SENSEX ROSE 9.91 POINTS OR 0.05% TO 18,762.74. THE 50-UNIT S&P CNX NIFTY ROSE 12.15 POINTS OR 0.21% TO SETTLE AT 5,703.30.
AMONG 30 SENSEX SHARES, 16 ROSE AND THE REMAINING SHARES DECLINED. INDIA'S LARGEST LISTED TELECOM OPERATOR BY SALES BHARTI AIRTEL TOPPED THE SENSEX LOSERS. THE STOCK FELL 5.11% TO RS 264.85. THE COMPANY AFTER TRADING HOURS ON THURSDAY, 27 SEPTEMBER 2012, ANNOUNCED RESTRUCTURING OF ITS BOARD OF DIRECTORS AND THAT OF ITS SUBSIDIARY BHARTI INFRATEL. FMCG MAJOR HINDUSTAN UNILEVER ROSE 2.83% TO RS 544.55. INDIA'S LARGEST STATE-RUN POWER EQUIPMENTS MAKER BY SALES BHEL JUMPED 6.26% TO RS 246.85.
EXPERT OPINION
NIFTY WEEKLY PIVOTS
NIFTY
Nifty looks Upwards Strategy: Buy on Dips Support: 5640 Resistance: 5790
BANK NIFTY
Bank Nifty looks Upwards Strategy: Buy on dips Support: 11160 Resistance:11760
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