Market Outlook – Tracking the muted momentum!

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The 50-share Nifty index is expected to open lower on Wednesday tracking muted Asian markets. Tracking the muted momentum, the index is expected to test its key psychological support level of 5800 in trade today. Stocks in news are ACC, Ambuja Cements, Hindustan Copper, Bharti Airtel, Idea, RComm, Tata Power, OIL India, Voltas, ONGC, Reliance Ind, TCS and Wipro.

RR Financial Consultants‘s insight:

1- PSBs like SBI, Bank of Baroda, and Bank of India reward staff to recover small loans.

2- HDFC with a balance sheet size of 71,000 crore embraces EP standards.

3- Holcim rejigs Indian operations, Ambuja cements and ACC to merge.

4- AirAsia India aims to launch operation by October.

5- Ranbaxy drugs safe says Australian drug regulator.

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Find more news on Indian Economy:- India’s Steelmakers Threatened With Fines for Clean-Power Lapses – Bloomberg (


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