Equity benchmarks traded in a steady range in the pas hour, with the Nifty hovering around 11,550. At 13:59 hrs IST, the Sensex is up 47.36 points or 0.12% at 38333.11, and the Nifty up 7.30 points or 0.06% at 11578.20. The market breadth is negative as 1,125 shares advanced, against a decline of 1,408 shares, while 166 shares were unchanged. L&T, NTPC, and Tech Mahindra were the top gainers, while Tata Motors, Vedanta, and Hindalco lost the most.
BUY TODAY SELL TOMORROW TIPS : 23rd AUGUST
BUY LIBERTY SHOE ABOVE 226 TARGET 235-240 WITH SL 217 TOTAL 4000 SHARES
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Equity benchmark indices edged higher in early morning trade, with the Nifty breaching 11,600 mark for the first time. The stock market erased early gains amid weakness in rupee, metal and banking stocks. Sensex was trading at 38,266.35 levels, down 19.40 points, while Nifty was trading at 11,559.65 levels, down 11.25 points. The Nifty Metal index fell over 1.5% led by Vedanta, Jindal Steel and Jindal Stainless Hisa. In line with expectations, microfinance institution CreditAccess Grameen (CAG) made a lukewarm debut on the exchanges today. The scrip listed at Rs385, an 8.77% discount to its issue price of Rs422. The MFI’s stock is currently trading at Rs410.40 down by Rs11.6 or 2.75% from its previous closing of Rs422 on the BSE.
Stocks to Buy Sell Today : 23rd August (Thursday)
BUY STAR FUT ABOVE 477 TARGET 484 WITH SL 470 TOTAL 7 LOTS
BUY RELCAPITAL FUT ABOVE 448.50 TARGET 453.50 WITH SL 443.50 TOTAL 7 LOTS
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