Mid Market Report, March 28, 2014 | Stocks and Commodities

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March 28, 2014
Time: 1 pm

Mid Market Report:

1. Markets are quiet today as this is the first trading day in April.
2. There may be some action towards the end.
3. All action are in Banking stocks as Basel 3 norms deadline extended,new banking license, RBI policy next week, etc.
4. PSU Banks are out performing the private sector banks as basel 3 norm will benefit them more.
5. Mid cap and small cap are out performing.
6. Europe is likely to open positive.
7. FIIs have bought for about Rs 22000 crores in cash market in March.
8. In all trading sessions of March, FIIs are buyers.
9. So this is the liquidity driven market and will continue to rise, at least until election results.
10. No change in our view about Nifty future for today.