Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Petroleum Ltd (RPL) stock with an intraday target of Rs 112.
According to Karvy, interested traders can purchase the stock between Rs 102-103 with a strict stop loss of Rs 98.50. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 114.
Shares of the company, on Thursday (April 02), closed at Rs 103.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 206.45 and a low of Rs 68.10 on BSE.
BSE Sensex (10357.47) and Nifty (3211.05) closed 3.0% and 3.3% up respectively last week. Nifty Put Call Ratio was 1.67. Nifty April 3200 Call Option was very active. .Support for Sensex is at 9780 and Nifty at 3040. Resistance for Sensex is at 11000 and Nifty is at 3400. Inflation was at 0.31 v/S 0.27 last week. Crude oil was at 51.00$.
Market rose ahead of G-20 meet on anticipation that majors economies will resolve the global financial crisis. Indian Stock Market will remain closed on Third, Seventh and Tenth April, 2009 because of festive holidays. RNRL and MRPL added Open Interest in April Series.
Tokyo - The Tokyo market opened higher Monday as investors bought mostly export-oriented issues on a weaker yen, despite a rocket launched by North Korea the previous day.
The benchmark Nikkei 225 Stock Average index advanced 200.1 points, or 2.29 per cent, to 8,949.94.
The broader Topix index of all first-section issues was up 12.49 points, or 1.5 per cent, to 843.85.
Bulls, supported by strong worldwide stock markets, continued to have an advantage at the Indian equities markets for the fourth successive trading week closed on Thursday (March 02), with Sensex surging around 3 per cent from its last week’s closure.
On Friday (March 03), stock markets remained closed on account of Ram Navami.
The 30-share index BSE Sensex, on Thursday, closed with a gain of 300.34 points at 10,348.83 as against its e previous week's close of 10,048.49 points.
New York - US stocks made gains Friday at the close of a strong week for global markets, buoyed by some positive economic news and a comprehensive deal by world leaders to tackle the global recession.
The Dow Jones Industrial Average has climbed 21 per cent over the past four weeks, its best run over that timeframe since 1933, the Wall Street Journal reported.
Amman - Arab stock markets extended gains this week, buoyed by the G20 summit, rallies on global bourses and oil prices edging upwards, financial analysts said Friday.
"We believe that the G20 summit in London and gains scored by the Wall Street and other world markets have a positive impact on regional stocks," Nizar Taher, head of brokerage at the Jordan Ahli Bank told the German Press Agency dpa.
Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Petroleum Ltd (RPL) stock with an intraday target of Rs 112. 
BSE Sensex (10357.47) and Nifty (3211.05) closed 3.0% and 3.3% up respectively last week. Nifty Put Call Ratio was 1.67. Nifty April 3200 Call Option was very active. .Support for Sensex is at 9780 and Nifty at 3040. Resistance for Sensex is at 11000 and Nifty is at 3400. Inflation was at 0.31 v/S 0.27 last week. Crude oil was at 51.00$.
Tokyo - The Tokyo market opened higher Monday as investors bought mostly export-oriented issues on a weaker yen, despite a rocket launched by North Korea the previous day.
Bulls, supported by strong worldwide stock markets, continued to have an advantage at the Indian equities markets for the fourth successive trading week closed on Thursday (March 02), with Sensex surging around 3 per cent from its last week’s closure.
New York - US stocks made gains Friday at the close of a strong week for global markets, buoyed by some positive economic news and a comprehensive deal by world leaders to tackle the global recession.
Amman - Arab stock markets extended gains this week, buoyed by the G20 summit, rallies on global bourses and oil prices edging upwards, financial analysts said Friday.
