Market cues:
Most global markets tumble around 3%
Monetary policy today, market divided on expectation of rate cut
FIIs net buy USD 158.7 million in equity on April 17
MFs net buy Rs 421.8 crore in equity on April 17
NSE F&O Open Int up by Rs 1,414 crore at Rs 83,623 crore
India VIX rises another 6.7% to 54.2
FIIs net buy Rs 348 crore in cash markets on April 20 (prov)
DIIs net buy Rs 109 crore in cash markets on April 20 (prov)
FIIs net sell Rs 835 crore in F&O
Fund Action witnessed in Bajaj Hind, Shiv Vani Oil
Other stocks and sectors in the news:
SEBI bars GHCL promoters, chairman, MD from dealing in stock market over false filing of promoter shareholding.
NSE bars further F&O positions in Alok Industries as 95% position limit is hit,
Unitech continues to be in curbJet likely to slash fleet size by 20%, co says tech adjustment ahead of lean season.
Indiabulls Real Estate sells Mumbai property to British Council for Rs 30 crore – (Deal struck as Rs 19000/sqft)
Power Grid plans second tranche of public offer to raise Rs 3000 crore by year end
Air India cuts fares by 70% in tier II routes despite 6.7% hike in ATF (Private airlines to face the heat as they recently announced hike in fares)
Cipla wins patent fight against US based Gilead Sciences on bird flu medicine in India
No ban on sugar stock futures
Welspun Gujarat to demerge it’s plate cum coil division into 100% subsidiary
Board Meets Today: Bharati Shipyard: to consider and approve issuance of convertible warrants
Bajaj Fin up on foray into MF biz
PowerGrid plans to raise Rs 3k cr via fresh issue
Oil slips below $47 on rising dollar, bleak economy
Tata Motors promoter pledges 30 lakh shares
Tata Tele launches GPS service
Markets may open negative and is expected to find support at lower levels.at supports are at 3250- 3300 and resistances are at 3400-3440. Some volatility and choppiness is also expected.
