Index Trends And Stocks In Action For June 25, 2014

Indian Equity markets were back with a bang after being under grip of bear’s for past four trading sessions. The Nifty reclaim its important level of 7550 led by gains in the Realty, Oil & Gas, Power, Capital Goods and Banking Stocks.  Mid-cap and Small cap ended with smart gains. Now going forward Nifty has resistance around levels of 7610 as define by falling trend line from the recent high. Once Nifty index sustains above this level of 7610 we could see a fresh momentum in the market. On downside Nifty has strong support at 7530 and next major support around 7470.

Parsvnath Developers (BSE Code: 532780) expects to raise more than Rs 1000 crore (USD 167.5 million) over the next 18 months through the sale or joint development of its land assets in southern and western India. The management has indicated that it they get a good price they will exit, otherwise they can enter into a joint venture with a local developer. The stock may remain in focus in today’s trade. 

Bangalore-based TTK Prestige (BSE Code: 517506) is betting big on its newly launched low cost water purifier range as it eyes an overall revenue growth of around 15% in the ongoing fiscal. After launching water purifier priced at Rs 3,495 in collaboration with Swiss-based Lifestraw SA in Maharashtra, Karnataka and Gujarat, the company plans a national roll out of the product that is relies on gravity-based technology that doesn't require electricity. The stock may trade with a positive bias in today’s trade.

Looking to kick-start a dampening diesel car market, Maruti Suzuki India (BSE Code: 532500) is planning to launch an 800 cc diesel engine Celerio in the current financial year. Both Celerio and the company's Light Commerical Vehicles (LCVs) will use this engine. The 800 cc diesel engine will be the smallest in the market. Currently Chevrolet Beat's 1,000 cc diesel engine is the smallest. The stock may remain in limelight in today’s trade.