Key
indices surged as a weak reading on US June retail sales fueled speculation
that the US Federal Reserve may delay interest rate hike in the world's biggest
economy. There had been concerns that higher interest rates in the United
States will boost returns on US debt and bank deposits, drawing money back from
riskier markets. The barometer index, the S&P BSE Sensex, reclaimed the
psychological 28,000 mark. The Sensex was provisionally up 265.39 points or
0.95% at 28,198.29. The gains for the Sensex in percentage terms were higher
than those for the 50-unit CNX Nifty. The Nifty was provisionally up 69.70
points or 0.82% at 8,523.80.
STOCKS TO WATCH
ARVIND:
Buy ARVIND above 280 stocks may show 300/310
in coming days, Below 280 major support will be 273.
AMBUJA:
Buy AMBUJA as remain above 240 we may see
some good move. Buy only above 240.
MARUTI:
Buy MARUTI as remain above 4000 stock may show 4250/4350
level in coming days, below 4000 major support 3960.
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