Market Watch

Thursday 22 January 2015

Live Morning Stock Market News & Trading Tips



The market opened higher on Thursday following positive global cues. The 30-share BSE Sensex touched 29000 level for the first time, up 108.24 points at 28997.10 while the 50-share NSE Nifty hit 8750, up 19.50 points at 8749.
About 721 shares have advanced, 263 shares declined, and 198 shares are unchanged on the Bombay Stock Exchange.
Suzlon Energy gained 8 percent in opening trade as the turbine maker sold its German arm Senvion for euro 1 billion to to US-based PE Centerbridge Partners for debt reduction. However, the stock could not sustain the upside.
Sesa Sterlite topped the buying list, up nearly 3 percent after the company received approval for renewal of all mining leases in Goa. It expects to resume mining in near future after regulatory nods.
ITC, Infosys, ONGC, Sun Pharma, Bajaj Auto, Hero Motocorp, Cipla and Tata Steel gained 0.7-1.3 percent. However, ICICI Bank, Reliance Industries, Bharti Airtel and NTPC fell 0.4-1 percent on profit taking.
The Indian rupee opened with marginal gains of 4 paise at 61.60 per dollar today versus 61.64 Wednesday.
Stock Tips for Today
·         BUY NAVIN FLORO (LCP-736.85) ABOVE 740 TG-746-755
·         BUY TBZ (LCP 176) ABOVE 178 TG-181-185
·         BUY SHEMAROO (LCP 239.8) ABOVE 242 TG-246-251
·         BUY SUNTECK (LCP-249.65) ABOVE 251 TG-255-260
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