RESEARCHVIA ~ EQUITY TRADING TIPS - TODAY'S STOCK REPORT 19.Dec.2013

ECONOMY ANALYSIS

• RBI keeps repo, CRR unchanged; promises to act if inflation misbehaves
• Lok Sabha passes Lokpal Bill amid protests over Telangana
• Taper or no taper, the Fed will never end QE: Marc Faber
• China’s equities seen overtaking India’s in 2014: Analysis
• US credit ratings unaffected by bipartisan budget act: S&P
• RBI draft norms for bad loans require a mindset change:SBI

MARKET ANALYSIS

• The S&P BSE Sensex snapped 6-day fall and closed 248 points higher after the Reserve Bank of India took a proactive step and maintained status quo in its mid-quarter review of monetary policy.
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• The RBI Governor Raghuram Rajan srung a pleasant surprise as he kept key interest rates unchanged. The central bank has adopted a wait and watch approach before taking any rate action. 
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• It has cautioned that it may act and hike rates even on off-policy dates if inflation remains at elevated levels.
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• The foreign institutional investors bought shares worth Rs 249.93 crore while domestic institutional investors were net sellers worth Rs 96.83 crore on Tuesday as per the provisional data from the National Stock Exchange.

MAJOR INDICES

INDIAN MARKETS

INDEX                     CLOSE                  CHANGE %                        CHANGE

SENSEX                   20859.86                     247.72                                  1.20

NIFTY                       6217.15                       78.10                                  1.27

BANK NIFTY           11357.90                     149.25                                 1.33

US MARKET

INDEX                            CLOSE                               CHANGE

DOW FUTURES              15875.26                                  -9.31

NASDAQ FUTURES         4023.68                                   -5.84

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