We believe market open near to flat on monday .So just depends how other world market is behaving like china and nikki.Track global cues closely.
Also we would recommend nifty to short and put a stoploss of 5045.
Tops News : Kalanithi Maran buys 37.75% in SpiceJet at Rs 47.25/share, HUL buy back@ 280. Keep Track both Share.
The government will inject Rs 62.11 billion into five state-run banks to help meet their capital and lending needs, a government statement said on Saturday.
PSU bank again on Top
Govt to inject Rs 6211 crore in 5 state-run banks
The support would be given to Bank of Maharashtra, Central Bank of India, IDBI Bank, UCO Bank and Union Bank of India, the statement said.
"These Banks would be able to leverage this capital and lend an additional approximate amount of Rs.77,637 crore to the productive sectors of the economy giving a push to all round economic activity besides paying additional dividends and tax revenues to the Government," it said.
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