Nifty could see support at around 6,000: analysts

Mon Feb 4, 2013 12:08pm IST

Investors watch the share index at a local share market in Chandigarh October 10, 2008. REUTERS/Ajay Verma/Files

Investors watch the share index at a local share market in Chandigarh October 10, 2008.

Credit: Reuters/Ajay Verma/Files

Related Topics

Stocks

   

Reuters Market Eye - The Nifty could see support at around 6,000 points, analysts say based on a rise in put options at that level.

Open interest for put options at 6,000 points increased by 400,000 contracts on Monday, suggesting these investors don't expect too much downside below this level.

The Nifty had fallen 1.25 percent in the four sessions between Tuesday and Friday after the RBI cut interest rates as expected but adopted a more cautious stance on future rate cuts.

(Reporting by Manoj Dharra)

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Vodafone Tax Dispute

Vodafone Tax Dispute

India advised against challenging Vodafone tax ruling - source  Full Article 

Banking Sector

Banking Sector

India's laggard state lenders face tough sell on capital raising plan  Full Article 

Trade Deal

Trade Deal

WTO postpones trade deal by a day after last-minute objection.  Full Article 

Falling Oil Prices

Falling Oil Prices

Saudis signal no push for oil cut as market to "stabilise itself"  Full Article 

Raising Stake

Raising Stake

Nippon Life to raise stake in Reliance Capital fund unit  Full Article 

Sterilisation Camps

Sterilisation Camps

Sterilisation targets remain in all but name, critics say  Full Article 

Share Buyback

Share Buyback

Samsung Electronics to buy back $2 billion in shares  Full Article 

Microsoft in China

Microsoft in China

Microsoft to pay China $140 million for 'tax evasion'   Full Article 

Flashback: 26/11

Flashback: 26/11

The three-day attack in November 2008 left 166 dead.  Slideshow 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage