indian stock futures Nifty outlook jan 13 2012

Indonesia stock info - indian stock futures Nifty outlook jan 13 2012 ; The Nifty once again faced resistance around its medium-term moving average and ended on a soft note on Thursday. On the downside, the index is likely to see a mild correction up to 4,730-odd levels in the short-term, analysts say. At 720 a-m Indian Standard Time, the SGX Nifty was trading 0.2 per cent higher at 4,876 levels.

Among individual stocks, Development Credit Bank could be in focus after it reported 90 per cent jump in net profit to 15.6 crore for the third quarter of the 2011-12 fiscal.

The Income Tax department has conducted searches at the premises of Panacea Biotec for alleged evasion of taxes, reports suggest. This could see the stock come under some pressure.

Oil India could also be in limelight today on news that the company is in advanced talks to acquire an oil and gas producing asset in Africa.

The management of Thomas Cook, the UK-based travel and foreign exchange operator, has no plan to sell stake in its Indian arm, the latter clarified. Do watch out for Thomas Cook (India) in trade today. Also keep a tab on CMC and Sintex as they declare their respective December quarter results today.

Related Post: