Stock Trading Tips – Stock Market Open Flat Today

Stock Market Opening Bell

After hitting record high yesterday, the market has opened on a sluggish note Tuesday. The Sensex is down 14.18 points at 28485.36 and the Nifty is down 11.90 points at 8518.25. About 476 shares have advanced, 277 shares declined, and 26 shares are unchanged.

Coal India, ONGC, ICICI Bank, HDFC and GAIL are major losers while Bharti Airtel, BHEL, Cipla, Sesa Sterlite and Sun Pharma are among the top gainers in the Sensex.

The Indian rupee opened flat at 61.90 per dollar against previous day's closing value of 61.94 a dollar. The euro clings to modest gains having benefited from a short squeeze following an encouraging rebound in German business sentiment.
Intraday Stock Cash Tips

·         BUY VGUARD (LCP-1058.65) ABOVE 1060 TG-1068-1078

·         BUY EXCEL CROP (LCP 1274.35) ABOVE 1278 TG-1288-1300

·         BUY TV TODAY (LCP 211.9) ABOVE 213 TG-216-220

·         BUY JK TYRE (LCP-553.3) ABOVE 555 TG-560-567

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Stock Market News Today

Asian shares stabilized on Tuesday after four straight days of losses, while the dollar rebounded from overnight weakness after disappointing U.S. services sector data raised concerns about stuttering growth in the world's largest economy.

Oil prices seesawed on Monday, ending the session slightly lower, as traders weighed reports of production resuming at a Libyan oilfield against new threats to shipments from a port controlled by protesters.

Ashok Leylan:

• -Did not generate profits this year but have generated cash
• Generated cash by exiting non-core assets
• Generated cash by divesting and reducing working capital
• Reduced working capital by Rs 900 crore in
• Q3 -Working capital currently stands at Rs 600 crore
• -Executive headcount cut by 450 in last 6 months
• -Company's senior management took pay cut of 5 percent
• -Looking at reducing debt by Rs 1,000 crore this year
• Alert: Debt rose to Rs 6,600 crore in August this fiscal
• -No plans of selling stake in 'Family Silver’
•  -Expect to end the year with sales down by 25 percent

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