Free Nifty Stock Tips for Today (11th July)

Equity benchmarks continued to trade near record highs but the Nifty Bank was under pressure due to correction in private banks. The 30-share BSE Sensex rose 90.56 points to 31,806.20 and the 50-share NSE Nifty was up 31.10 points at 9,802.15. The market breadth continued to be positive as about six shares advanced for every five shares falling on the BSE. State Bank of India gained a percent but private banks – ICICI Bank, HDFC Bank and Axis Bank were moderately under pressure on profit booking.

Free Nifty Stock Tips for Today (11th July)

SBI

SBI Life plans to sell 8 crore shares through IPO. IPO of SBI Life has got SEBI approval.

Bajaj Electricals

Bajaj Electricals has bought 28 percent of Sterlite Lighting. The share of Sterlite Lighting from Bajaj Electricals has increased from 19 per cent to 47 per cent.

Balrampur Chini / Shakti Sugar / Dhampur Sugar

Chinese companies have relieved the government. Government has increased import duty on sugar. Import duty on sugar has increased by 10 percent to 50 percent. Before this, 40 percent of import duty on sugar was going on.

ONGC

ONGC will bid for oil and gas fields in foreign countries

Zandu Realty / Emami Infra

Zandu Realty-Emami Infra will merge to raise the capital. Zandu Realty and Emami Infra are companies of Emami Group.