Stock Market Closing Bell

Sensex crashes 556 pts, Nifty slips 1.8%; Reliance falls 4%

The Sensex is down 555.89 points or 1.9 percent at 27886.21 and the Nifty is down 157.90 points or 1.8 percent at 8448.10. About 897 shares have advanced, 1951 shares declined, and 155 shares are unchanged.

Reliance lost 5 percent and Hero Motocorp fell 4 percent. Other laggards were HDFC; Cipla and M&M. Top gainers are ICICI Bank and Sun Pharma.

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Stock Market Open Lower on Based Selling

Sensex, Nifty fall further; NMDC plunges, Tata Steel gains

The market opened volatile on first day of the week. The Sensex fell 58.74 points to 28383.36 and the Nifty declined 26.15 points to 8579.85. About 506 shares have advanced, 532 shares declined, and 115 shares are unchanged on the BSE.

NMDC topped the selling list, down 4 percent after CLSA has a sell rating on the stock and sees more downside to the stock. Larsen & Toubro, Bharti Airtel, TCS, M&M, Sesa Sterlite, Idea Cellular, IndusInd Bank, Kotak Mahindra Bank and Ambuja Cements declined 0.5-1.5 percent. Reliance Industries also declined marginally despite strong earnings. The run up in stock in previous few sessions might have discounted strong earnings. Reliance Industries delivered its best ever quarterly performance with its profits rising over 22 percent sequentially. The company’s gross refining margins (GRMs) are at a 2-year high and that offsets weakness in other segments.

However, Sun Pharma, NTPC, Tata Steel, Hindalco, GAIL and Lupin gained 0.5-1.5 percent.

 The Indian rupee slipped in the early trade on Monday. It has opened lower by 18 paise at 62.54 per dollar versus 62.36 Friday.
Intraday Stock Trading Tips:

SELL BEML (LCP-1091.6) BELOW 1088 TG-1081-1072

SELL GUJRAT GAS (LCP 809.2) BELOW 806 TG-799-791

SELL VADILAL INDUS (LCP-360.65) BELOW 358 TG-354-348

SELL WHEELS (LCP-1280.05) BELOW 1275 TG-1267-1257

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Stock Market Open Flat

The market has opened on a flat note with the Sensex falling 10.45 points to 29033.99 and the Nifty declining 12.50 points to 8821.50.

About 634 shares have advanced, 230 shares declined, and 105 shares are unchanged on the BSE.  

M&M, Sun Pharma, Bharti Airtel, Tata Motors, HDFC, HCL Technologies and Idea Cellular fell 1-1.8 percent whereas TCS rallied 2 percent ahead of fourth quarter earnings on Thursday evening. ITC, ICICI Bank, SBI, ONGC, Kotak Mahindra Bank and UltraTech Cement climbed 0.5-1.5 percent.

The Indian rupee opened higher today, up 14 paise at 62.37 per dollar versus 62.51 Monday.
Intraday Stock Market Calls

BUY LAOPALA (LCP-477.15) ABOVE 480 TG-485-492

BUY PEL (LCP 980.75) ABOVE 984 TG-993-1005

BUY VADILAL INDUS (LCP-354.4) ABOVE 358 TG-362-368

BUY WHEELS (LCP-1307.95) ABOVE 1312 TG-1322-1335

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www.capitalheight.com/about.php  or call at 0731-6615050, 9993066624.