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Benchmark indices started off trade marginally higher, following positive trend in Asian stocks. Investors digested final outcome of Karnataka election. The Sensex was up 78.21 points at 34,926.51 and the Nifty gained 13.50 points at 10,609.90. SBI gained 1.5 percent after Bhushan Steel-Tata Steel deal. ICICI Bank was up 1 percent. UltraTech Cement was up 1.6 percent and Century Textiles fell 8 percent after cement business deal. HPCL, TCS, Hindalco Industries, Coal India, Grasim Industries Indiabulls Housing Finance, Bajaj Finance, Maruti, Infosys, Axis Bank, Wipro, ITC, Hero Motocorp and Sun Pharma were under pressure. The Nifty Midcap index was down 55 points. Kitex Garments plunged 16 percent post disappointing earnings. Amara Raja Batteries, Capcite Infra, Balaji Telefilms, Future Lifestyle, Thermax, Ashok Leyland, Strides Shasun, Crompton Consumer and Inox Wind fell up to 5 percent.
Best Stock Tips Today : 21st May (Monday)
BUY MINDTREE ABOVE 1024 TARGET 1034 WITH SL 1014 TOTAL 2000 SHARES
Benchmark indices started off Friday’s trade mildly lower despite most Asian stocks traded in the green. The 30-share BSE Sensex was down 59.51 points at 35,089.61 and the 50-share NSE Nifty fell 17.90 points to 10,664.80. Sun Pharma, Bajaj Finance, Bajaj Auto, Tech Mahindra, Yes Bank, Eicher Motors, ONGC, Coal India, Lupin, Vedanta and Power Grid were early gainers. IOC, HPCL, BPCL, Wipro, Indiabulls Housing Finance, Cipla, UltraTech Cement, ICICI Bank and Asian Paints were under pressure. » Read more
Benchmark indices rebounded following confirmation that BJP is forming government in Karnataka. The 30-share BSE Sensex was up 112.77 points at 35,500.65 and the 50-share NSE Nifty gained 29.90 points at 10,771. Tata Steel, Vedanta, TCS, Wipro, Tata Motors, ITC and SBI were early gainers while Cipla, HPCL, BPCL and Lupin were losers. Nifty Midcap was up 0.3 percent. Divis Labs, Transport Corporation, Future Consumer, Future Enterprises, Colgate, Parag Milk Foods, JK Lakshmi Cement, BEML, Jyothy Labs, HEG and Delta Corp gained up to 5 percent. TVS Motor, Muthoot Finance, Brigade Enterprises, Punjab & Sind Bank, Muthoot Finance, Century Plyboards and Career Point fell up to 10 percent.
Share Market Tips For Today : 17th May (Thursday)
BUY GRAPHITE ABOVE 795 TOTAL 2000 SHARES WITH SL 785 TARGET 805
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