Indian Stock Market position on 10th Sep 2013

Indian Stock Market position on 10th Sep 2013:Indian Sensex was closed at 19270.06  and the Nifty closed at 5680.40 after appointment of Raguram Rajan  as a RBI new Governor the rupee strengthened to 65.24 and it may continue up to 63.32 in near future. The measurement which are taken by  New Governor foreign currency is increasing and inflow of dollars also increased. NRI's got green signals from India so Indian financial position is going to recover in a couple of weeks to the normal stage.


Hence the Gold Price is decreasing on Friday it was closed at 31,543.00  by losing the Rs.341.00 or 1.08% and it may closed at Rs.31,312. On Friday Banking and Capital stock has been traded in green shown good performance it may repeat on Tuesday (10th). The BSE may raise up to 19520.23 and the Nifty up to 5832.

The following Stocks are going to raise can consider for Intraday trading.

Banking

SBI                          1724.35
Axis Bank                    989.45
ICICI Bank                  994.24
PNB                            468.45

IT                  

Infosys                          3053.45
TCS                             2046.30
Hcl Technologies             1069.35
wipro                             490.08
Reliance communications   147.32
Oracle financials              3035.87

Infrastructure

Reliance Infra                387.65
Ramky Infra                    38.31
DB Realty                       60.76
DLF                             153.43
Unitech                           19.30
GMRInfra                        16.90

The trading may continue in Green from the beginning session to closing session.