Market Watch

Wednesday, 12 August 2015

Today’s Indian Stock Market News & Tips

The rupee fell sharply in early trade on China's yuan devaluation. The currency has opened at 64.55 a dollar, the lowest level since September 2013, down 36 paise compared to 64.19 per dollar in previous session.
 Stock Tips Today:
SELL WOCKHARDT (LCP-1652.45) BELOW 1649 TG-1640-1630
SELL TATA ELEXI (LCP 1724.45) BELOW 1720 TG-1712-1702
SELL EROSMEDIA (LCP-548.8) BELOW 545 TG-540-534
SELL LA OPALA (LCP-527.45) BELOW 525 TG-520-514
Sensex falls 200 pts, Nifty breaks 8400; Coal India down
The Sensex fell 202.41 points to 27663.68 and the Nifty dropped 64.30 points to 8398.05. About 505 shares have advanced, 1290 shares declined, and 101 shares are unchanged on the BSE. 
Coal India lost 3 percent as sources said the Finance Ministry will seek the cabinet's nod for the 10 percent stake sale which could fetch nearly Rs 20,000 crore. The company is also expected to report numbers today.
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Hindalco, too, fell 3 percent after Novelis posting loss of USD 60 million in June quarter.
Tata Motors, SBI, ICICI Bank, NMDC (post weak earnings) and HDFC lost 1-3 percent.
However, Tata Steel rallied 2.63 percent and Sun Pharma gained 2.43 percent after Q1 earnings. Infosys, TCS, Wipro and Tech Mahindra rallied on sharp fall in rupee.


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