Market Watch

Monday 14 July 2014

Morning Stock Tips & News: Indian Shares Seen Opening Flat


The S&P BSE Sensex started on a cautious note on Monday and slipped below its crucial psychological support level of 25000, weighed down by losses in Infosys, Bharti AirtelBSE -1.46 %, L&T and Tata Steel BSE 0.29 %.
The BSE Sensex was trading 0.24 per cent lower or 59 points at 24965,46. It hit a low of 24,955.56 and a high of 25,095.76 in trade today.
Indian shares are set to open flat on Monday, after overseas investors sold Indian shares worth 7.23 billion rupees on Friday, provisional exchange data shows.
India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold. 
Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global economic events including testimony from the head of the Federal Reserve.

Stock Tips for Today:
•    SELL WABAG (LCP-1348.8) BELOW 1345 TG-1336-1323
•    SELL ZANDU REALTY (LCP 1538.65) BELOW 1535 TG-1523-1505
•    SELL MONSANTO (LCP 1965.45) BELOW 1960 TG-1920-1890
•    SELL CERA (LCP-1202) BELOW 1200 TG-1191-1178

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