Live Indian Share Market Update

Sensex cracks 300 pts, Nifty opens below 7700 on China rout Tata Motors, Hindalco Industries, Adani Ports, Tata Steel, Axis Bank, Vedanta and Adani Ports plunged 3-4 percent.

The Sensex is down 347.75 points or 1.4 percent at 25058.58 and the Nifty slips 111 points or 1.4 percent at 7630. About 354 shares have advanced, 1620 shares declined, and 50 shares are unchanged. Tata Motors, Tata Steel, Hindalco, Maruti and BHEL are major laggards in the Sensex. Among the gainers are Lupin, GAIL and Bharti 

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The S&P BSE Midcap Index was down 1.07 per cent and BSE S&P Smallcap Index was trading 1.44 per cent lower. 

Indian Rupee Update

The Indian rupee opened marginally lower at 66.86 per dollar on Thursday against previous close of 66.82.The USD-INR is expected to trade in a range of 66.65-66.95/dollar today

INDIAN MARKET OVERVIEW

Equity benchmarks continued southward journey for the third consecutive session Wednesday on global weakness post nuclear weapons test by North Korea and sharp correction in crude oil prices. Nifty future down 52 points at 7750.

The 30-share BSE Sense down 174 points at 25406. The market breadth was weak as about 1409 shares advanced against 1509 declining shares on the BSE.

Government decided to close three unviable units of HMT including the once popular HMT Watches, along with HMT Chinar Watches and HMT Bearings, by offering an "attractive" VRS to the employees as per 2007 pay scales.

Cadila Healthcare gained 2 percent as Credit Suisse upgraded stock to outperform from underperform and raised target to Rs 405 from Rs 360 earlier despite USFDA warning letter.

Free Equity Tips for Today by CapitalHeight

Intraday Stock Cash Tips :-

• BUY GODFRY ABOVE 1420 TG-1430-1443 SL 1402.3
• BUY TATAELEXI ABOVE 2035 TG-2047-2063 SL 2009.85
• BUY DR REDDY ABOVE 3110 TG-3124-3143 SL 3079.9
• BUY HOV ABOVE 115 TG-118-122 SL 110.35

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Market Outlook:-

Fiscal deficit for for April-October narrowed to Rs 4.11 lakh crore, compared to Rs 4.75 lakh crore during the same period last year. This works out to 74 percent of the FY16 Budget Estimate. Total spending during this period stood at at Rs 10.22 lakh crore, 57.5 percent of FY16 estimate, and net tax receipts for the period stood at Rs 4.29 lakh crore. Non-plan spend was Rs 7.51 lakh crore, 57.2 percent of FY16 estimate, and Plan spend was Rs 2.71 lakh crore, 58.2 percent of FY16 estimate. Revenue deficit was Rs 2.88 lakh crore, 72.9 percent of FY16 estimate, and non-tax revenue at Rs 1.62 lakh crore, 73 percent of FY16 estimate. April-October revenue receipts stood at Rs 5.91 lakh crore, 51.7 percent of FY16 estimate.

Indian Market Overview:-

• Nifty closed after range bound session on a flat note Monday as investors turned cautiousahead of RBI monetary policy and November auto sales data. Nifty future up by 7 points to end at 7980.
• The 30-share BSE Sensex ended up 17 points at 26145. About 1626 shares have advanced against 1078 declining shares on BSE.
• Shares of IDBI Bank rallied 8.6 percent intraday to hit a 52-week high of Rs 93.85 onMonday after a media report indicated that the government may sell some stake in thebank to International Finance Corporation.
• Bharti Airtel announced the launch of a massive network transformation program – "ProjectLeap." Aimed at improving network quality, this project will see an investment of Rs. 60,000crore in the next 3 years, stated the company.

Stock Market Tips & Opening Bell News

Vedanta, HDFC, Tata Steel, Hindalco and Tata Motors are top gainers while ITC, ONGC, NTPC, GAIL and Reliance are among laggards in the Sensex.
Live Stock Tips

·BUY VENKYS (LCP-506.85) ABOVE 509 TG-514-521

·SELL TATA ELEXI (LCP 1615.1) BELOW 1611 TG-1603-1593

·BUY LA OPALA (LCP-430.25) ABOVE 432 TG-437-443

·BUY VADILAL (LCP-809.35) ABOVE 812 TG-819-827

Nifty above 8350, Sensex firm; ITC falls, Vedanta gains 2%

The market has started the day on a high note. The Sensex is up 66.46 points at 27525.69, and the Nifty is up 20.30 points at 8357.30. About 690 shares have advanced, 190 shares declined, and 67 shares are unchanged. Vedanta, HDFC, Tata Steel, Hindalco and Tata Motors are top gainers while ITC, ONGC, NTPC, GAIL and Reliance are among laggards in the Sensex.

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The Indian rupee has maintained it upward momentum as it gained 4 paise in the early trade. The currency has opened at 63.87 per dollar against previous close of 63.91.

Live Stock Market News & Trading Calls for Today

ICICI Bank, Bharti Airtel, Infosys, Maruti and Hero are top gainers in the Sensex while Tata Motors, GAIL, M&M, HDFC and Axis Bank are among laggards.
Sensex, Nifty open in green; Bharti, Infosys, Maruti gain

Market has opened in green after the severe loss on Monday. The Sensex is up 57.02 points at 27618.40 and the Nifty is up 16.25 points at 8377.25.

Today’s Stock Tips

·         SELL RAJESH EXPO (LCP-532.45) BELOW 529 TG-524-518

·         SELL RS SOFTWARE (LCP 195.45) BELOW 193 TG-189-185

·         SELL EROS (LCP-594.9) BELOW 592 TG-587-581

·         SELL VADILAL (LCP-789.95) BELOW 786 TG-781-773

About 566 shares have advanced, 174 shares declined, and 66 shares are unchanged.  

For Daily Stock Tips & Equity Market News Click at www.capitalheight.com  or call at 9993066624.

 ICICI Bank, Bharti Airtel, Infosys, Maruti and Hero are top gainers in the Sensex while Tata Motors, GAIL, M&M, HDFC and Axis Bank are among laggards.

The Indian rupee opened marginally higher by 5 paise at 64.11 per dollar on Tuesday against previous close of 64.16.