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Friday, April 27, 2012

Better trades for the day - Apr 27 2012


Global Cues: The European stocks closed mixed on Thursday (April 26, 2012), FTSE100 up by 0.52%, CAC40 down by 0.13% and DAX surged by 0.53%. The US stocks rose on Thursday. Dow Jones up by 0.87% and Nasdaq rose by 0.69%. The Asian shares are trading higher on Friday (April 27, 2012). SGX Nifty up by 3 points. Events for the day: Results: ICICI Bank, Axis Bank, JSPL, Siemens, Indiabulls Financial Services, Hexaware Technologies Stock in news: Aviation Ministry opposes service tax hike. Government may reject Coal India's Ltd ( CIL) min penalty clause in FSA. FII stakes in Kingfisher Airlines KFA up marginally during March quarter Rabobank sells 3.4% in Yes Bank for Rs453 crore. Cabinet allows raising private bank voting rights to 26%.