Market Watch

Friday 20 February 2015

Indian Equity Market Tips and Strategy



Sensex falls 100 pts; ICICI & RIL drag, sugar stocks rally


The market has opened lower on last day of the week. The Sensex lost 114.78 points to 29347.49 and the Nifty fell 26.10 points to 8869.20. About 574 shares have advanced, 302 shares declined, and 127 shares are unchanged on the BSE.
Reliance Industries, ICICI Bank and Coal India declined 1.5-2 percent. HDFC, SBI, TCS, ITC, Axis Bank and HUL were down 0.3-0.8 percent while Tata Motors, Cipla, Hindalco, Maruti, M&M, Hero Motocorp and BHEL gained 0.3-1 percent.
 Sugar stocks rallied 6-10 percent after cabinet cleared subsidy for raw sugar exports and fixed subsidy at Rs 4000/tonne for sugar season FY15.
The competition watchdog waved the green flag to Ajay Singh's plans to acquire majority stake in SpiceJet. Speaking exclusively to CNBC-TV18 Singh says first tranche of Rs 400 crore will come in next week and the second tranche by the end of March.
The Indian rupee gained in the early trade. It has opened higher by 13 paise at 62.21 per dollar versus 62.34 Wednesday.
Stock Trading Tips for Today:
·BUY THERMAX (LCP-1249.45) ABOVE 1253 TG-1261-1275
·SELL CEAT (LCP 808) BELOW 806 TG-800-793
·BUY BFINVEST (LCP 124.1) ABOVE 125.5 TG-128-131
·SELL BEML (LCP-989.35) BELOW 987 TG-981-973

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