In this week of April, Stock Market remains flat with decreasing shares. Sensex was trading over 130 points at 27571.30rs. CNX Nifty remains flat at 8241rs below 55 points or a change of (-0.68%). Some of the Indices in sensex and Nifty looks red and continuously falls.
As our Experts or Analyst are not worried due to this, They see it as a ‘healthy correction’ and long investors ought to use dips to accumulate quality stocks on declines.
Annually, we’ve to expect corrections and if we have a tendency to square measure getting to believe that markets can go up a method, that’s a much bigger downside. So, I might say that the present correction could be a healthy correction in an exceedingly long securities industry that we’ve seen since Sept 2013,”
Yes Bank rallies as 828.90 above 30 points or a change of (-4.17%). Touched the intraday high of 831,25 and low of 804.20 in trade today. Now a days, Yes Bank registered 28.1 percent rise in its stand financial gain|profit at Rs 551CR integer for the fourth quarter terminated March 2015 on higher interest income and healthy growth in advances and deposits. Before it goes ahead with the sale, Bank wants approvals from shareholders furthermore as Regulators.
Moving Towards to the Indian Stock Market, Sensex Nifty again downwards and looking in a Bearish way. Sensex was trading at 27792.34rs below 97 points, with decreasing shares of Gail, HDFC, Infosys, ICICI Bank, Hero Motorcop, SBI, Sun Pharma. But some of the Indices like Metal, PSU, FMCG, Bankex, CD were in range. In the same way, Nifty trades same, it was trading at 8420.10rs below 8 points or a change of (-0.11%).
NTPC to issue Rs 10,306 crore bonus debentures.
HUL (2.90%), SUN PHARMA (1.74%), DR REDDY’S (1.01%), HERO MOTOCORP (2.19%), M&M (1.79%)
WIPRO (-4.14%), INFOSYS (-1.19%), Cairn India (-0.18%), SESA STERLITE (-0.76%), ONGC (-0.73%)
Our Technical Analyst said that, Any kind of rally pull back, Market can be used to go short on market. If we talk about the Cimmco , it jumps 9 % on defence equipment manufacturing licence.
Shares of Cimmco are locked at 10 percent upper circuit at Rs 106.30 on Wednesday on getting licence for manufacturing defence equipment.
Today at 11:17 AM, Morning Opening Bell Share Market opens in red, Sensex was trading at 27818.98 down 65 points or a change of (-0.24%) decreasing shares of Cipla, HUL, Hindalco, Sun Pharma, Wipro. Nifty drift around its psychological level of 8440.80
The rupee fell to a 3 & a half month low in early trade on Tuesday as considerations over retrospective taxation loomed among foreign investors, whereas weak Asian peers and broad dollar strength additional to the pressure.
S&P BSE Bankex are in range today, it shown in green, People can invest in Bank Shares, and could earn profit by investing.
Buy IDBI Bank with a target of Rs 90 and a stop loss of Rs 77.
Sell Yes Bank with a target of Rs 753 and a stop loss of Rs 804.
Sell HDFC Bank with a target of Rs 955 and a stop loss of Rs 1,026.
Stock Market continously drops down today, S&P BSE Sensex was trading at 28239.78rs with change of (-0.71%) below 2100 points decreasing shares by BHEL, Cipla, Coal India, HDFC, NTPC, ONGC, Reliance.Talking about CNX Nifty, it was trading at 8552.70rs below 50 points or a change of (-0.62%).
Nifty Midcap 50 decline by 21 percent at 3433.60rs trades today. CNX IT, CNX Infra, Cnx Energy, CNX MNC shows in red.
Earning Money by Shares Today:
HUL is a ‘SELL’ call at 911.50 with a Target of Rs 900 and a Stop Loss of Rs 935
Bata India Ltd is a ‘SELL’ call at 1065.05 with a Target of Rs 1035 and a Stop loss of Rs 1090
TCS Ltd is a ‘SELL’ call at 2440.75 with a Target of Rs 2300 and a Stop loss of Rs 2490
L&T Finance Ltd is a ‘SELL’ call with a target of Rs 62.50 and a stop loss of Rs 64.50
Stock Market seems in a besrish note. BSE Sensex trading at 28577.40rs below 88 points or a change of (-0.31%) including shares of coal India, ICICI(-0.82%), TCS(-3.64%), Wipro(-1.85%), Infosys(-0.54%). Towards to the Nifty, Nifty traded under pressure, It was trading at 8655.35rs decreasing 50 points or a change of (-0.59%) with shares of ACC, Ambuja, Bajaj Auto, Axis Bank.
Today TCS slipped over 3 percent in intraday and below 200 DMA on Bombay Stock Exchange. After the IT major reported a net profit of Rs 5,773 crore, up 8.4 per cent, quarter-on-quarter, as against an ET Now poll estimate of Rs 5,396.3 crore. It was the Top loser in both Sensex & Nifty today.
Calls for today:
Bata India Ltd is a ‘SELL’ call at 1121.75 with a target of Rs 1,105 and a stop loss of Rs 1,135.
At 11:15 AM, share Market dealing in a lower position, S&P BSE sensex was commercialism at 28878.65rs below (-0.73) points or a change of nil percent, along with shares of NTPC, SBI, Cipla, Gail under(-3%), Coal India(-0.52%).
Some of the Indices in Sensex, like PSU Index up with 11 points, Capital Goods jump over 125 points, in addition to BSE Health Care, FMCG. While Auto,Bankex, Auto, Oil & Gas falls rapidly.
Discussing about CNX Nifty was trading at 8778.50rs below(-1.85) pts or a change of (-0.02%) including shares of Hindalco, HUL, IDFC, Infosys,NTPC, Power grid corp.
SBI, Spicejet, ONGC, NMDC, HDFC, Financial Technologies Ltd, are in focus today.
Today Stock Market in a bearish note and shows red. At 11:30 AM, S&P BSE Sensex was trading at 288009rs below 75 points or a change of (-0.26) percent, On the other hand CNX Nifty was trading at 8751.35rs below 26 points or a change of (-0.31) percent. Shares of Nifty drops down by Cairn India, Cipla, Coal India, Dr. Reddy labs, HCL Tech, ITC.
Meanwhile IDFC gained above 3 percent as stakeholders approved planning of arrangements between company & IDFC Bank.
BUY IDFC Ltd by 176.05, Target- 185, Stoploss- 171
Also, BUY M&M by 1278.55, Target- 1284, Stoploss-1260
In Pharma Sector, CNX Pharma drops down by 103 points at 13442rs or a change of (-0.76%). Lupin, Sun Pharma, Cadila Health slipped.
As compared to yesterday’s watch, Stock Market still carry out specific, BSE Sensex moves at 28749rs with above 40 points or a change of 0.15 percent including shares of Axis Bank, Coal India, HeroMotorcop, HDFC Bank. While Cnx Nifty was trading at 8722rs with 8 points or a change of 0.10 percent.
Although Moody’s Investors services changed India’s outlook from Positive to Safe.
Three Oil Marketing company; ONGC[-0.74%], BPCL[-0.20%], HPCL[-0.25%] At BSE fall today, these corporations don’t disclose the precise margins they presently create on fuel and diesel. “The promoting margin on gasolene and diesel was set at Rs 0.7 per litre within the regulated value regime. This has captive up to Rs 1.1 for diesel and Rs 1.5 for gasolene,”.
S&P BSE Sensex was trading at 28728.80rs with above 200 points or a change of 0.74 percent including shares of Bajaj Auto(0.29%), Bharti Airtel(2.66%), Hindalco(0.88%), Infosys(1.33%), Larsen(0.86%) on the other hand Shares which are losses HDFC(-2.01%), Sun TV Network(-4.84%), Tata Teleservice(-1.11%).
At National Stock Exchange, CNX Nifty was trading upto 8724.60rs with above 63 points or a change of 0.74%. Increased shares Bajaj Auto, Cipla, BHEL, Coal India, Gail, Grasim, Tech India leads up, while shares of Cairn India, Bank of Baroda, ICICI, Idea cellular down today.
Asian Paints: BUY at 848.30 with Target Price- 850 and Stoploss of 845
Axis Bank: Sell at 555.50 with Target Price- 560 and Stoploss- 565