Mid Market Report, March 13, 2014 | Stocks and Commodities

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March 13, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading as expected.
2. Yesterday's Inflation data is helping Banking stocks to shine in today's trade.
3. Infosys is down by 0ver 7% and it is dragging the entire IT sector.
4. Otherwise by this time Nifty would have crossed 6600 easily.
5. Once again China data was very bad.
6. So Asian markets lost some ground.
7. But our markets are holding.
8. PSU stocks are all doing extremely well.
9. It seems that the stable government after election will lead to a runaway rally in PSU stocks.
10. Out of 15 top CNX 500 stocks, 14 are PSU stocks.
11. Europe is likely to open positive.
12. Nifty may break 6600 tomorrow.