Nifty Tips
The Indian markets continue to trade lower with amid volatility. Major heavyweight losers are Infy, HDFC Bank, TCS, ITC, HUL and RIL. Majority of the sectors are trading lower except consumer durables.
The broader markets are also trading in under pressure with the BSE Midcap losing 0.16% and BSE Smallcap 0.10%.
Among the 30-Sensex stocks, the gainers are - Bajaj Auto up by 1.25%, HDFC up by 0.20% and Tata Motors up by 0.18%. Losers - Bharti Airtel down by 2.08%, Infosys down by 2.07% and TCS down by 2.03%.
FDI, Government and Market :-
FDI, Government and Market :-
The UPA-II government has won the winter test in the Lok Sabha, defeating the Opposition motions over FDI in retail and changes in Foreign Exchange Management Act. But now its time for an acid test in the Rajya Sabha, where the government is not in a majority.
Nifty has been trading in the "overbought" territory, with its 14-day relative strength index around 70.
Asian shares were steady near 16-month highs on Thursday, supported by hopes that US lawmakers will reach a compromise to avoid the so-called fiscal cliff of year-end tax hikes and spending cuts which threaten to push the US economy back into recession.
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