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Tuesday, October 30, 2012

Better trades for the day


Global Cues: The European shares closed lower on Monday (October 29, 2012), FTSE100 down by 0.20%, CAC40 fell by 0.76% and DAX slipped by 0.40%. US stocks index futures fell in a shortened session on Monday and cash equity trading was canceled as powerful Hurricane Sandy bore down on the US East Coast, closing equity trading for Tuesday. Events for the day: Second-Quarter Review of Monetary Policy. Results: Biocon, Dr Reddy's Laboratories, Engineers India, Glenmark Pharmaceuticals, IDBI Bank, IRB Infrastructure Developers, Mcleoud Russel India, Maruti Suzuki India, Pidilite Industries, Satyam Computer Services, Shriram Transport Finance Co, SJVN, Thermax. Stock in news: Rel Media acquires 1.6 lakh shares of Cinemax. Suzlon Energy plans debt restructuring. Shah Family LLC offloads 1.6 mn shares in Hatsun Agro.