Opening Bell With Stock Cash Plus Tips- CapitalHeight

Intraday Stock Cash Tips:-

BUY GODFRY ABOVE 1370 TG-1379-1390 SL 1351.9

BUY NAVINFLOUR ABOVE 1940 TG-1955-1975 SL 1907.85

SELL ATUL BELOW1643 TG-1630-1615 SL 1661.9

SELL 8K MILES BELOW 1805 TG-1790-1772 SL 1827.85

Market Position :-

                     The market has opened lower dragged by weak global cues. The Sensex is down 50.61 points or 0.2 percebt at 25768.73, and the Nifty is down 9.70 points or 0.1 percent at 7839.55. About 351 shares have advanced, 202 shares declined, and 47 shares are unchanged. Maruti, Tata Steel, ICICI Bank, Hindalco and Bharti Airtel are major losers while GAIL, Wipro, HDFC twins, Hero are gainers in the Sensex. The Indian rupee gained in early trade. It has opened higher by 10 paise at 66.37 per dollar against 66.47 Monday. NS Venkatesh of IDBI Bank said, "Rupee weakened against the dollar yesterday, mainly due to dollar strength against all currencies and demand from importers and closed at 66.47/dollar. The market was also supported by PSU banks selling dollar."

Indian Market Overview:-   

                Nifty closed on flat note after a choppy movement for the day. Nifty declined by 7 points toØ end at 7849.  The 30-share BSE Sensex down by 49 points and closed at 25819. However, the BSEØ Midcap index gained 0.4 percent and Small cap rose 0.5 percent  Tata Motors was down 0.25 percent as Goldman Sachs has downgraded the stock to sellØ from neutral as it believes the stock has priced in better H2FY16 volume growth and margin after H1FY16 slump.  The Finance Ministry has recently proposed a roadmap for the phasing out of all taxØ exemptions by the industry. According to proposal sunset clauses with regards to tax exemptions will be renewed and no weighted deduction will be allowed for any specified business activity from April 1, 2017 onwards.

Global Market Overview:-  
             Asian markets opened in green on Monday, following a rally on Wall Street last week asØ investors continue to look out for comments from central bankers on the trajectory of US monetary policy.  The Dow Jones Industrial Average closed 91 points, or 0.51 percent, higher at 17,824, theØ S&P 500 ended 8 points, or 0.38 percent, up at 2,089, while the Nasdaq was 31 points, or 0.62 percent, higher to finish at 5,105.  Low iron ore prices and oil at sub-USD 45 a barrel are expected to exert strain onØ resources and commodities producers, most of whom opened lower.  Oil producers also opened mostly in the red. Santos and Woodside Petroleum shares wereØ down while Oil Search saw a 1.04 percent gain in the morning session.

For live market updates on Indian Stock Market visit- http://www.capitalheight.com/stock-cash-plus-tips.php or call at 0731-6615050.

Today’s Indian Market Position By Capital Height

Indian Rupee Update :-

The Indian rupee has opened higher in early trade on Thursday. It has gained 19 paise at 66.10 per dollar versus 66.29 Wednesday.The USD-INR is expected to trade today in a range of 66.10-66.35/dollar

Intraday Stock Cash Tips :-

BUY GODFRY ABOVE 1200 TG-1210-1220 SL 1187.35

BUY NAVINFLOUR ABOVE 1960 TG-1973-1995 SL 1937.85

BUY ARROWCOAT ABOVE 724 TG-730-738 SL 714.85

BUY ZENSAR TECH ABOVE 1040 TG-1048-1058 SL 1027.85

 Today’s Indian Market:-

• Nifty future fell more than 1.5 percent on global weakness dragged by banking & financials, technology and metal shares. Nifty future fell by 120 points to end at 7731.
• The 30-share BSE Sensex plunged 381 points and closed at 25482. The fall in broader markets was less compared to benchmarks as the BSE Midcap and Smallcap indices were down 0.7 percent each.
• The Cabinet on Wednesday has approved proposal to sell 10 percent equity stake in Coal India, the country's largest coal mining company.
• The Government of India currently has 79.65 percent equity shareholding in the Coal India while foreign institutional investors have 9.04 percent stake and domestic institutional investors 8.44 percent stake as of September 2015.

The market has opened higher after a sharp slide yesterday. The Sensex is up 165.64 points or 0.6 percent at 25648.16 and the Nifty is up 48.50 points or 0.6 percent at 7780.30. About 658 shares have advanced, 89 shares declined, and 24 shares are unchanged. Hero MotoCorp, Maruti, ICICI Bank, Bajaj Auto and Vedanta are top gainers in the Sensex. Among the losers are GAIL and M&M.  

For live market updates on Indian Stock Market visit- http://www.capitalheight.com/stock-cash-plus-tips.php or call at 0731-6615050.

Indian Share Market Position By Capitalheight

Intraday Stock Cash Tips:-

• BUY GODFRY ABOVE 1147 TG-1157-1167 SL 1131.85
• BUY NAVINFLOUR ABOVE 1825 TG-1838-1859 SL 1797.85
• BUY COSMO FILMS ABOVE 289TG-293-297 SL 281.1
• BUY ZENSAR TECH ABOVE 992 TG-999-1009 SL 979.9

Market News:-

                        With the Asian markets bouncing back in early trade, the US market closing one percent up and the market indicator SGX Nifty also trading 42 points up around 7869, the Indian equity market is likely to open in the Green. Stocks in the US gained on a sharp jump in oil prices boosted by geopolitical concerns following weekend terror attacks in Paris. Major indices closed more than 1 percent higher, recovering some of their sharp declines of last week. On the economic data front, November empire manufacturing index came in at minus 10. In Europe equities ended mixed to slightly higher as investors digested the potential impact of a series of terrorist attacks in Paris on Friday night

Indian Market overview:-

• Nifty started off on a negative note on weak global cues post Paris attacks but managed to rebound in afternoon trade to take above 7800. Nifty ended by 44 points up or 0.57% and closed at 7806.
• The 30-share BSE Sensex climbed 149.57 points or 0.58 percent to 25760 led by relief rally in beaten down stocks like banks, infra, metals, oil and select FMCG.
• Shares of Apollo Tyres climbed 3.4 percent intraday Monday as India's second-largest tyre manufacturer will buy German-based tyre retail and distribution company Reifencom GmbH for 45.6 million euro in all cash deal.
• Reliance Infrastructure gained 6 percent on signing agreement with Canadian pension fund to sell 49 percent stake in Reliance Energy.

Global Market Overview:-

• Asian stocks were hit by a sell-off early Monday, with sentiment badly dented by Friday's brutal terrorist attacks in Paris.
•  The Nikkei 225 fell 0.97%, while the S&P/ASX 200 dropped 0.81% and the Shanghai Composite declined 0.46%.
• In Japan, quarter-on-quarter third quarter GDP fell 0.2%, compared to an expected 0.1% drop, while the year-on-year pace slumped 0.8%, compared to a 0.2% drop seen.
• New Zealand, retail sales quarter-on-quarter in the third quarter rose 1.6%, beating an expected 1.3% gain.

For live market updates on Indian Stock Market visit- http://www.capitalheight.com/stock-cash-plus-tips.php or call at 0731-6615050.