Intraday Stock Cash Tips:-
BUY GODFRY ABOVE1240 TG-1259-1270 SL 1221.3
BUY KWALITY 137 TG-139.5-142 SL 132.95
BUY TATAELEXI ABOVE 2215 TG-2230-2250 SL 2183.1
BUY 8K MILES ABOVE 1975 TG-1990-2010 SL 1949.3
Indian Market Overview:-
The market has ended higher. The Sensex ended up 216.68 points or 0.8 percent at 25735.90 and the Nifty was up 72.50 points or 0.9 percent at 7834.45.
Brent crude oil prices fell to levels last seen in 2004, dropping below the lows hit during the 2008 financial crisis on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from Iran and the United States.
The Indian economy is likely to grow at 7-7.5 percent in fiscal 2015-16 while retail inflation is expected at 6 percent, the government's Mid-year Economic Review authored by Chief Economic Advisor Arvind Subramanian says.
Shares of Bajaj Auto fell 2 percent intraday Friday on concerns that its export may get hurt. The new Argentina government devalued its currency in order to revive sluggish growth.
Global Market Overview:-
Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by a depreciating yuan in China and the first US interest rate hike in nearly a decade.
US stocks dropped Thursday on persistent concern over faltering global economic growth ,led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates.
The Dow Jones industrial average fell 253 points to 17495, the S&P 500 lost 31 points to 2041 and the Nasdaq Composite dropped 68 points to 5002.
Japan's central bank announced an unexpected round of new stimulus measures today to complement its vast asset-buying scheme, pushing the yen down sharply and giving a brief boost to Tokyo share prices.
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