Volatility was the theme of the day on D-Street on Tuesday as investors looked to tread with caution. This is especially ahead of Indian central bank’s meet outcome on interest rates on Wednesday. Benchmarks continued to slip for the third day in a row, with the Nifty managing to give up 10,600, while the Sensex too slipped below 35,000-mark. The 30-share index closed over 100 points lower. » Read more
Equity benchmark indices opened in the red tracking mixed cues from Asian markets and ahead of RBI policy meeting outcome that will be released on Wednesday. On the economy front, The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.4 to 49.6 in May. On the sectoral front, capital goods, consumer durables, power, auto, realty, FMCG, IT, and telecom counters saw heavy selling. » Read more
Benchmark indices closed in the red after volatility on first day of June series Friday as all sectoral indices were in the red barring Auto that outperformed all post May sales data. Continuous correction in midcaps dampened investors sentiment, which led to profit booking after more than 400 points rally on the Sensex in previous session. Investors after digesting better-than-expected Q4 GDP data shifted focus to renewed global trade tensions after the US announced tariffs on steel and aluminium imports. They also closely monitor the movement in crude oil prices and rupee.The 30-share BSE Sensex fell 95.12 points to 35,227.26 while the 50-share NSE Nifty closed below 10,700 levels, slipping 40 points to 10,696.20 ahead of monetary policy committee meeting next week. Overall the market has been consolidating in a range, which may continue further and the stock specific action is likely to remain. » Read more
BUY TATA MOTORS DVR AT CMP 174.50 TARGET 177.50-181 WITH SL 170.50 TOTAL 5 LOTS
FOR MORE TIPS, CALL US @7879881122
OR REGISTER HERE WWW.MARKETMAGNIFY.COM
BUY ACC ABOVE 1342 TARGET 1355 WITH SL 1329
FOR MORE TIPS, CALL US @7879881122
OR REGISTER HERE WWW.MARKETMAGNIFY.COM
The market remained rangebound in morning trade, as investors after digesting better-than-expected Q4 GDP data shifted focus to global trade concerns, and the movement in crude oil prices & rupee. The Nifty Midcap index continued to underperform frontliners, falling half a percent. Select banks and FMCG stocks are under pressure while technology, metals and pharma stocks supported the market. Asian markets remained mixed with investors cautious over trade tensions after the US announced tariffs on steel and aluminium imports. » Read more
