BUY GEOMETRIC ABOVE 122 TG-124 SL-120.5
BUY JK CEMENT ABOVE 260 TG-263 SL-257.2
BUY NIIT TECHNOLOGIES ABOVE 306.5 TG-309 SL-302.8
India will borrow Rs 2 lakh crore through bonds in the second half of the current fiscal
year, in line with the budget estimate this year. Government has stuck to its FY13
market borrowing programme for second half of the ongoing fiscal year and ruled out
additional borrowings during the remainder of FY13. Economists are still skeptical that
the Government will be able to meet its fiscal deficit forecast of 5.1% of GDP for FY13.
Already, the Government's subsidy burden is running higher than budget estimates.
U.S markets closed its best third quarter since 2010 after a wave of central bank
actions sparked a dramatic reversal in equity markets, but signs of weakness in the
economy drove stocks lower
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