The markets are likely to remain choppy this week tracking global cues. On the domestic front, the weakening rupee and the F&O expiry for the month of May on due Thursday is likely to keep the gains under check.
Benchmark share indices ended marginally higher last week, shrugging off weakness in the rupee, as the government's bold decision to steeply hike petrol prices was seen as precursor to unfolding of reforms going forward.
“In the near term, the Nifty is likely to target the 5,000-mark. On Monday, the index would look to seek support around 4,900-4,890, while it can face resistance around 4,940 – 4,950 levels,” analysts suggest. At 705 am Indian Standard Time, the SGX Nifty was trading at 4,912 – down 0.3%.
ADX Index Declines in the Early Trade
The ADX General Index slipped into the red territory during the first couple of hours trading on Monday 20th May 2013. The index trimming 30.26 points or 0.85 percent reached at 3,533.94.
DFM achieves 100 per cent compliance in Q1 results disclosure
Dubai Financial Market (DFM) today announced that its UAE listed companies have showed a 100% compliance to disclose their Q1- 2013 results within the deadline of 45 days from the end of the first qu
Kingdom, Czech Republic to cooperate on common markets
The Jeddah Chamber of Commerce and Industry (JCCI) was host to a high-level business delegation from the Czech Republic on Sunday morning. Adnan Mandourah, Secretary General of the JCCI warmly welco
Gulf Bank visits Kuwait Association for the Care of Children
Gulf Bank announced that it has donated KWD 6000 to the Kuwait Association for the Care of Children in Hospitals (KACCH) as part of its ongoing commitment to provide charitable support to medical ins