The equity market market continued to trade record highs on Friday. The IT index has been on an uptrend the rally in the index by HCL tech, NIIT tech, Persistent, TCS , wipro, tech mahindra,
The sensex rising 355.17 points to 27701.49 and the nifty up 103.40 points to 8272 following strong by US cues. The market gained momentum by the midcap and smallcap indices , both index up more than 1% .
IT, pharma, autos, private banks, realty, metal , energy . Our sense is these are the sectors which will again, going forward, continue to contribute to the up move.
Intraday Resistance of NIFTY are 8222.4 : 8266.6 : 8305.3 : 8324.3
Intraday Support of NIFTY are 8116 : 8071.8 : 8034.2 : 8015.6
The Indian stock market opened mixed ahead of F&O expiry on Thursday . The Indian rupee slipped in the early trade on Thursday. It has opened lower by 16 paise at 61.51 per dollar against previous day close of 61.35.
Sensex index was at 27,152.77, up 54 points or 0.20 per cent. It touched a high of 27,161.26 and a low of 27,088.65 in early trade.
The Nifty was at 8109.10, up 18 points or 0.23 per cent. It touched a high of 8112.65 and a low of 8085.20 in early trade.
Bharti Airtel Ltd sell call with a target 401/ 400 and a stop loss of 410.
Infosys Ltd Buy target of 3950/3952 and a stop loss of 3858.
Ambuja Cements Ltd Sell target of 221 and a stop loss of 228.
The market ended with smart gains ahead of October F&O expiry tomorrow. The Nifty was up 62.85 points at 8090.45 while the Sensex ended up 217.35 points at 27098.17.
Hindalco was up 6% while Tata Steel, Tata Motors, Infosys and Bajaj Auto were other major gainers in the Sensex. Among the losers were NTPC, Sun Pharma, Dr Reddy’s Labs, Bharti Airtel and SBI.
CNX IT, Auto, metal and realty index surge 1-3% at the end of the session, IT up 1.63%, Realty up 3.12%, FMCG above 1%, metal gains 2.73%, Auto up 1.64%.
GAIL India Ltd BUY target of Rs 500 and a stop loss of Rs 475
Maruti Suzuki India Ltd BUY target of Rs 3140 and a stop loss of Rs 3060
BANK NIFTY- Bank Nifty BUY target of 16850 and a stop loss of 16250
ICICI Bank Ltd BUY target of Rs 1650 and a stop loss of Rs 1560
Welcome back after a festive break, Market continues its uptrend on monday. The S&P sensex gains 38.31 pts at 26889.36 at 10:00 AM while the Nifty managed to close above the psychological 8000 mark led by gains on the oil & gas, capital goods and the healthcare stocks. Nifty up 12.70 pts or 0.16% at 8027.25 It touched a high of 8,064.40 and a low of 8,034.95 in trade today.
The Indian currency opened higher by 11 paise at 61.17 per dollar versus 61.28 Wednesday. Shares of Wipro slipped another 2% intraday on Monday after its September quarter results disappointed investors.
Monday bullish stocks- Indusind bank 3.06%, Dr. Reddylabs 2.24%, Bhel 2.79%, Bank of baroda 1.59%, Gail 1.65%, HDFC 1.78%, HDFC bank 1.07%, SBI 1.41%,
Monday bearish stocks- Jindal steel 5.61%, DLF 6.00%, Cairn india 3.01%, HCL tech 2.43%, Tata motors 1.48%
Hero MotoCorp Ltd BUY with a target of Rs 3148 and a stop loss of Rs 3076
The market is celebrating Diwali with SOME BOASTING . The Sensex is up 233.40 points or 0.9 percent at 26809.05, and the Nifty is up 61.70 points or 0.78% at 7989.80.
The Indian rupee has opened at 61.15 a dollar, up 16 paise compared to previous day’s closing value of 61.31 per dollar on hopes of strong trade in equity market.
Long-term advice- Larsen and Toubro is a buy on dip stock because you will have to see how hydrocarbon business of Middle East pans out (because last quarter it was a shocker). Let us wait and see but from a longer-term perspective like State Bank of India , L&T remains in a core portfolio stock because if the entire infrastructure build out story happens, L&T will be the major beneficiary.
Private sector lender South Indian Bank’s second quarter net profit fell 40 percent year-on-year to Rs 76.3 crore dented by sharp jump in provisions. Profit in the year-ago period was Rs 127 crore.
Bank Nifty gained more than a percent as top private sector lender ICICI Bank surged 2.5% and its rival Axis Bank rose over a percent. SBI was up 0.8% but HDFC Bank was flat post Q2 earnings. Sesa Sterlite topped the buying list, up over 5% followed by Gail and BHEL with over 4% gains.
Tata Motors, Wipro, Bharti Airtel, Maruti Suzuki, Hero Motocorp, NTPC, Tata Steel, Hindalco Industries and Tata Power rallied 1-3 percent. However, ONGC, Infosys, Mahindra and Mahindra and Coal India were down 1-2.6% .
Nifty and sensex gains more than 1% as the market rejoiced BJP’s victory in recently held assembly elections, Higher on the banking stock, capital goods, Realty, Energy, Auto, Pharma.
The Sensex was at 26,466.44, up 336.91 points or 1.29% . It touched a high of 26,501.04 and a low of 26,434.16 in trade today.
The Nifty was at 7,886.60, up 106.90 points or 1.37% . It touched a high of 7,898.40 and a low of 7,888.70 in trade today.
The midcap and smallcap also gained more than 1%, Midcap higher 1.87% and the smallcap 1.81%.
Lupin Ltd Buy call with a target of Rs 1380 and a stop loss of Rs 1335
BHEL Buy call with a target of Rs 240 and a stop loss of Rs 221
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Indian stock market gained strength in afternoon trade supported by banking and financials, capital goods and index heavyweights like ITC and Reliance Industries. The Sensex rose 171.89 points to 26170.23 and the Nifty climbed 49.85 points to 7785.05. About 1123 shares have advanced, 1422 shares declined, and 94 shares are unchanged.
Bank Nifty jumped 380 points as ICICI Bank, HDFC Bank, State Bank of India and Axis Bank gained 2-3 percent. Housing finance company HDFC too rallied 2%. Capital goods majors Larsen and Toubro, and BHEL climbed 2-3% .
Utility vehicle maker Mahindra and Mahindra topped the buying list gained 3.93%. HCL Technologies and TCS remained under selling pressure, falling 8-9% after reporting lower than expected revenues in September quarter.
Indian stock market opened lower after the exit polls which are indicating that BJP will win highest number of seats in Maharashtra and Haryana.
Nifty and sensex which is opened down side in early in the morning. Technically speaking, for Nifty the level of 7830 – 7800 is now an immediate term support for the index whereas it face a stiff resistance around 7925 and beyond that at 7975.
The Indian rupee opened marginally lower on Thursday at 61.48 per dollar compared to 61.41 a dollar in previous session.
Hindalco topped in selling list, Tata power down 2.02%, sesa sterllite fall 2.26%, ONGC and NTPC fall more than 1%, While GAIL, Hero motorcorp, Tata motors, TCS up more than 1%.
Ambuja Cements SELL call with a target of 205/203/ 200 and a stop loss of Rs 211.75
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