The market is rangebound in morning trade despite weakness in Asian peers due to escalated trade tensions between world’s two largest economies US and China. The Nifty continued to hold 10,800 levels as Brent crude futures extended losses, down 1 percent to trade below $73 a barrel on likely increase in output in the OPEC meeting later in the week. The Sensex gained 16.61 points at 35,638.75 and the Nifty rose 2.50 points to 10,820.20. Oil marketing companies IOC, HPCL and BPCL gained 2-3 percent on falling crude prices while TCS hits fresh record high after the buyback news. » Read more

Benchmark indices opened on a flat note amid mixed trade in Asia ahead of likely US tariffs on select Chinese goods. The Sensex fell 12.28 points to 35,587.54 and the Nifty slipped 1.80 points to 10,806.20. L&T, Reliance Industries, HDFC Bank, BPCL and IOC are under pressure. Dr Reddy’s Labs, TCS, Lupin, ICICI Bank, Titan Company and Maruti Suzuki gained up to 2 percent. Nifty Midcap index is flat. Tata Global, HDFC Standard Life, Venkys, Kesoram Industries, PVR, HOEC, Prestige Estates and LG Balakrishna gained up to 5 percent. SBI Life, Vakrangee, Gitanjali Gems, Avenue Supermarts and Gati fell up to 5 percent. » Read more

Shares have started on a good note, with the Sensex rising over 100 point, while the Nifty is well above 10,850-mark. All sectoral indices are trading in the green, with sharp gains seen in pharmaceuticals, IT and PSU banking space. The midcap index is trading higher by almost half a percent. The Sensex is up 144.22 points or 0.40% at 35836.74, while the Nifty is up 31.10 points or 0.29% at 10874.00. The market breadth is positive as 314 shares advanced, against a decline of 144 shares, while 46 shares were unchanged. Shares of Sun Pharma and TCS are the top gainers, while Airtel, Kotak Mahindra, and Zee Entertainment are the top losers. » Read more

BUY CAPF FUT ABOVE 574.50 TARGET 581 WITH SL 569 TOTAL 8 LOTS

FOR MORE TIPS, CALL US @7879881122 OR VISIT WWW.MARKETMAGNIFY.COM

Equity benchmarks are off the day’s low points, with the Nifty hovering near 10,750, while the Sensex is down around 50 points. The Sensex is down 53.47 points or 0.15% at 35409.61, while the Nifty is down 19.30 points or 0.18% at 10749.10. The market breadth is narrow as 973 shares have advanced, against a decline of 877 shares, while 96 shares are unchanged. Sun Pharma and Dr Reddy’s Labs are the top gainers, while Power Grid, ICICI Bank, and BPCL are the top losers. Shares of Tata Motors gained over a percent in the morning trade as investors bet on the firms’ fundraising plans. The stock has touched an intraday high of Rs 310.00 and an intraday low of Rs 302.60.

Stock Future Trading Tips : 8th June (Friday)

BUY IRB FUT ABOVE 241 TARGET 244 WITH SL 238 TOTAL 8 LOTS

FOR MORE TIPS, CALL US @7879881122
OR REGISTER HERE WWW.MARKETMAGNIFY.COM