Benchmark indices opened sharply lower, following weak trend in global stocks and uncertainty over formation of government in Karnataka. The 30-share BSE Sensex was down 166.25 points at 35,377.69 and the 50-share NSE Nifty declined 54.20 points to 10,747.70. Nifty Bank fell 184 points as PNB plunged 10 percent. Lupin, Power Grid, Tata Steel, Tata Motors, TCS and Tech Mahindra were early gainers. Titan Company, Bajaj Finserv, ICICI Bank, Axis Bank, Cipla, HPCL and SBI were under pressure. Nifty Midcap was down 83 points. Reliance Communications, Jaypee Infratech, MRPL, Shakti Pumps, PI Industries, Syndicate Bank, Allahabad Bank, Karnataka Bank, Bajaj Hindusthan and IDBI Bank were down up to 8 percent. Endurance, Crompton Consumer, Indiabulls Real Estate, Bhushan Steel, IRB Infrastructure and Ashok Leyland gained up to 7 percent.
BUY R INFRA FUT ABOVE 444 TARGET 449 WITH SL 439 TOTAL 8 LOTS
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Benchmark indices opened lower, tracking negative trend in global stocks. The 30-share BSE Sensex was down 52.82 points at 34,563.82 and the 50-share NSE Nifty fell 21.10 points to 10,593.30. Bharti Airtel, Bharti Infratel, HPCL, BPCL and Reliance Industries were early gainers. Hindalco, Cipla and HCL Technologies were under pressure. ICICI Prudential, Raymond, Idea Cellular, Advanced Enzyme, Bajaj Corp, MMTC, Parag Milk Foods, Coffee Day, Jubilant Life, Avanti Feeds, Granule India, Gati, Jaiprakash Associates, Indiabulls Ventures and Trent gained up to 5 percent. Uniply Industries gained 2 percent after block deal of 10 lakh shares. Balrampur Chini and Reliance Naval were under pressure.
Best Future Tips for 25th Apr (Wednesday) : Bajaj Finserv
BUY BAJAJ FINSV FUT ABOVE 5450 TARGET 5490 WITH SL 5410 TOTAL 10 LOTS
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