Reports » India
Indian stock market daily morning report (March 10, 2010, Wednesday)
By Nitin A. Khandkar (Keynote Capitals)
Views on markets today
- Indian markets declined yesterday due to the weak global markets. The Sensex closed 50 points down as the investors sold metals, PSU and real estate stocks. However, IT stocks provided some support.
- Market breadth was weak at around 0.6x.
- Asian markets are moderately down today due to lack of global triggers and flat close of the US markets.
- We expect a flat opening today for the Indian markets.
Key events today
- Opening of FPO of NMDC (price band Rs300-350 per share), closes March 12
- Closing of IPO of DQ Entertainment International (subscribed 3.57x as of March 9, 7PM)
- Listing of Texmo Pipes & Products (NSE: TEXMOPIPES, BSE Code: 533164)
Buzzing Stocks
- IVRCL Infra will issue bonus shares in the ratio of 1:1
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