Mid Market Report, January 23,2014 | Stocks and Commodities

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January 23,2014
Time: 12.45 pm

Mid Market Report:

1. Markets are trading as expected.
2. Nifty is likely to swing between minus 30 to plus 30 points only as we have reported yesterday.
3. But our markets are outperforming the Asian markets.
4. Due to bad PMI data from China, sentiment is bad across Asia.
5. Europe also likely to open negative.
6. L&T reacted positively after the results.
7. This is the third stock to react positively after the results, the only other two big companies being Infosys and HCL Tech.
8. Banking stocks are weak again, except Axis Bank.
9. Rupee breached 62 level during intra-day.