In the last week due to weak global cues market movement was limited. Nifty 6266 level was the week that was up around 0.4 percent. Google has lost its major support level and the 6216 (50 DMA) can touch.
Nifty crosses this level, we may see more selling, which may be below the 6130 level. Nifty at 6300 and 6365 appears to have become resistance.
Emami Ltd. has released the results of this week. At the end of the third quarter ended December 31, 2013 the company's consolidated net profit increased by 31 per cent to Rs 150.68. The company's net sales stood at Rs 584.67 crore, the company's board of directors for three bucks per share interim dividend and 1: 2 is recommended to issue bonus.
Alembic Pharmaceuticals generic formulations due to better international growth of 37 per cent increase in net profit. The third quarter of the current fiscal year ending December 31, 2013, the company's net profit of Rs 65.93. Indirect tax collections during April-December, shipping bags an increase of 6.2 per cent.
In the first nine months of the current financial year the total indirect tax collections, including excise, customs and service tax included 355 003 crore, while 334 309 crore in the same period last year. On the global front, the US market was the week mixed trend. US new home sales and unemployment figures will be seen all over.
Another trend in the market has seen. In the coming weeks, the balance of trade in the markets of Japan, retail sales, manufacturing PMI market and industrial production data will serve as a leading indicator. China HSBC manufacturing PMI final data will be released in the market. In US
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