Sensex falls on concerns over Cyprus bargain

The BSE Sensex is down 0.92 percent while the 50-allotment Nifty is 0.87 percent more level. Down home offers fall in line to Asian offers that fell on Monday as speculators were shaken by a radical bailout anticipate Cyprus. 

India's supported sustenance swelling is a negative for the nation's sovereign appraisals as it worsens macroeconomic uneven characters, Moody's Investors Service stated in a report on Monday. 

Private bank offers advancing the fall on concerns over cash laundering charges made a week ago: ICICI Bank offers fall 1.9 percent, Axis Bank is down 2.6 percent. 

Coal India Ltd (COAL.NS) offers down 4.6 percent, on a media report that the legislature was looking to quicken a 10 percent stake bargain on the planet's greatest coal digger. 

Market Today : News|Updates and Bank Nifty Tips

News Update: 

• S&P affirms negative outlook for 7 PSU banks – BOI, SBI,  UBI, IOB, IDBI, Syndicate, Indian Bank.
• IndusInd bank’s net profit for Q2FY13 rose by 30% at Rs2.5bn
• World Bank today cut India's economic growth projection to 6% for current fiscal against 6.9%.
• GDP to rise by 6.5% if India is self-sufficient in oil.
• IRDA likely to increase premium for ULIPs.
• Govt may lift ban & allow cos to sell IT SEZs.
• 8 coal blocks can be auctioned this year.
• NMDC's price cut of 11% failed to cheer domestic steel cos, who want prices to be brought down to global rates level.
• L&T Finance acquired Indo Pacific Housing Finance for Rs1.1bn
• Reliance Gas Transportation Infra – govt cancelled authorizations to lay down 4 gas pipelines.
• Price war begins with #DishTV, offers basic channels for free
• DLF Retail, is eyeing Rs7bn revenue in the next 3 years.

Bank Nifty Trading Levels :

Pivot-11314,S1-11248,S2-11205, S3-11139,R1-11357,R2-11423,R3-11467

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