Market Watch

Wednesday 9 September 2015

Free Intraday Stock Cash Tips and Market Analysis



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Intraday Stock Cash Tips  
BUY TATA ELEXI(LCP-1880.75) ABOVE 1895 TG-1905-1915
BUY AJANTA PHARMA(LCP 1377.35) ABOVE 1385 TG-1395-1405
BUY WOCKHARD (LCP-1187.1) ABOVE 1195 TG-1205-1215
BUY SRF (LCP 1096.15) ABOVE 1105 TG-1115-1125
Market Update
  • The benchmark BSE Sensex spurted by 427 points to 25,745.15 and NSE Nifty regained the 7,800-mark in early trade on Wednesday on continued across-the-board buying, tracking extended rally in global markets.
  • The 30-share index, which had gained 424.06 points in the previous session, was up by 427.28 points or 1.69 per cent to 25,745.15 with all the sectoral indices led by realty, IT, metal and bankex, were trading in positive zone.
  • BSE Sensex and Nifty are likely to open lower, tracking losses in other Asian markets. The SGX CNX Nifty was down 0.34 per cent, indicating lower opening for Indian markets
  • Indian markets are witnessing an exodus from foreign investors who sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 4,000 crore in the past four sessions.
  • The keenly watched US jobs report, which was released on Friday, failed to allay uncertainty over the timing of a Federal Reserve rate hike, a factor that has been weighing on global equity and currencies for a while.
  • Analysts say that Indian markets are likely to remain volatile till the crucial US Fed meet which is scheduled for September 16-17. An interest rate hike in the US could accelerate the selling from foreign investors who would like to park their money in US bonds.
  • Asian markets were mostly lower today on uncertainties over Fed rate hike and fears about China economy. Japan's Nikkei was down nearly 0.35 per cent while Hong Kong's Hang Seng slipped 0.30 per cent.
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