Thebullishtrends: BSE Sensex closed yesterday with a minor correction with a loss of 67.20 points at 18,048.20 points. Technically market trend will be positive today. US Markets closed yesterday with a marginal losses, Asian markets which were opened before the Indian markets are trading in a firm note.
As per the latest reports the yield on the benchmark paper, the 7.99% bond maturing in 2017, ended at 7.54%, above Friday’s close of 7.51%. It rose to as high as 7.57% levels during the day. The market is taking cognisance of the liquidity drying up, and where the rates are headed towards, depends on what kind of cash conditions we see in the market,” said a bond dealer. Another factor is that companies will be making advance tax payouts in March, which will further take a toll on liquidity. Meanwhile, the Reserve Bank of India infused funds worth Rs 4,000 crore through its window for liquidity adjustment via repo operations.
Market is looking budget soaps, so far Q 3 results of blue chips/mid and small cap is good. Though encouragement from the global cues are not satisfactory. But sector wise buying will possible till the budget annouces,and there is a possibility to correct the marekts once it reaches the above 800-1000points. OnMobile Global will list today in stock exchagnes. The stock may debut at Rs.450 level and there is a possibility to settle the price between of Rs.420-430 levels.
As per the latest reports the yield on the benchmark paper, the 7.99% bond maturing in 2017, ended at 7.54%, above Friday’s close of 7.51%. It rose to as high as 7.57% levels during the day. The market is taking cognisance of the liquidity drying up, and where the rates are headed towards, depends on what kind of cash conditions we see in the market,” said a bond dealer. Another factor is that companies will be making advance tax payouts in March, which will further take a toll on liquidity. Meanwhile, the Reserve Bank of India infused funds worth Rs 4,000 crore through its window for liquidity adjustment via repo operations.
Market is looking budget soaps, so far Q 3 results of blue chips/mid and small cap is good. Though encouragement from the global cues are not satisfactory. But sector wise buying will possible till the budget annouces,and there is a possibility to correct the marekts once it reaches the above 800-1000points. OnMobile Global will list today in stock exchagnes. The stock may debut at Rs.450 level and there is a possibility to settle the price between of Rs.420-430 levels.
