Global and Domestic Market News

Market News Review 

• Prime Minister Manmohan Singh has called a meeting on Wednesday to review the status of infrastructure sector with an aim of pushing the slowing growth.
• As India is battling macro woes of low GDP, increasing inflation and tight liquidity system, all eyes are now on the Reserve Bank of India's credit policy review scheduled on June 18.
• I think there are a lot of events scheduled for June. We have got Greece elections which come around mid-June.

Stock future market tips RBI update

RBI Update:

RBI said exporters will be required to convert 50% of their foreign exchange holdings into rupees.  The rupee had hit an all-time low of 53.83 rupees per dollar on Wednesday. Exporters will also be allowed to buy foreign currency only after utilizing all the foreign currency holdings in their accounts.

Future Market tips:

SELL Nifty Future below 5015 target 4995, 4985 Stoploss 5045

BUY Bharti Aritel Future at current price Target 315.80, 317.00 Stoploss 311.5