Market Updates on 13 july 2011

SUN TV NETWORK ANNOUNCED ITS NEW CEO………..

Sun TV Network Ltd declared K Vijay Kumar as it’s new CEO. K Vijay Kumar the COO of the Company had been promoted  to the post of Chief Executive Office. New CEO will handle the work from 12th july 2011.

US MARKET WENT DOWN ON TUESDAY..

US market on Tuesday closed in red as the weak global market. Moody's has downgraded the Ireland's ranking to the junk rating after the Portugal DLF Ltd may get the HCL support. According to a report HCL Group may pay Rs4.5 bn for a 74% stake in DLF’s insurance venture DLF Pramerica Life Insurance Co.

Maruti Suzuki has denied Suzuki motors stake rising news….

Maruti Suzuki India Ltd. Chief Financial Officer Ajay Seth has denied reports of parent Suzuki Motor Corp. raising its stake in the Indian unit.

China’s number supported the market….

China's annual gross domestic product growth alleviated to 9.5 in the second quarter of 2011 from 9.7% in the previous quarter, but it was better than the expected 9.4%. Industrial output for the second quarter rose 15.1% in June from a year earlier. This news supported the Asian market heavily and the Asian market seen trading firm.

BANK NIFTY LEVELS : 18 APR 2011

TREND -CONSOLIDATE

SUPPORT1:11945
SUPPORT2:12080

RESISTANCE1:11660
RESISTANCE2:11550


FOR MORE DETAILS LOG ON TO WWW.CAPITALSTARS.COM

CALL ON +919200099927, 07314757600