Tuesday, October 30, 2007

Markets unable to hold to 20000 point goes down

Profit booking has pushed the key indices, Sensex and Nifty, into the negative terrain. Sensex is at 19,875, down 102 points and Nifty is at 5871, down 34 points from the previous close.

The RBI may not hike the Cash Reserve Ratio, CRR, says Sanju Verma of HDFC Securities, on CNBC-TV18. According to a CNBC-TV18 Bankers Poll, 75% feel there will be no hike in the CRR, while 15% feel otherwise.

MTNL has made some sharp moves and it seems to be heading to Rs 230, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is at Rs 198.80 currently.

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