Today RBI allowed FIIs to invest up to $25 billion, up from existing limit of $5 billion, in bonds and debentures of Indian infrastructure companies.
Steel Authority India Ltd. profit decline 54.5% for the quarter its net profit is Rs 495 crore.
ONGC is likely to see a 75% jump in natural gas production in the next five years.
Share Tips:
Axis Bank:It has support at 1090, breach of this level may take the stock downwards else it may also bounce back from these levels and may show an upward movement in short term.
Bajaj Auto Ltd: if it consolidates for a while a short term rally up to 1780-1800 could be expected.
ITC: It now has next resistance level at 211 and SUPPORT level at 208.One may go for long position after breaching of its resistance level.
L&T:one may go for selling after 1360 Target: 1345 and stoploss: 1373
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