Stock Trading News with Ending Session Updates

Equities held on to their late gains, with both the Sensex and Nifty closing above key 28,000 and 8,400 marks.

At close, the Nifty rose 0.22 percent, or 19 points, to 8,401 while the Sensex gained 0.12 percent, or 34 points, to 28,067.

Early in the day, high beta shares edged lower, but several sectors such as banks and oil & gas staged a smart recovery to close in the green. Metals and capital goods, though, closed 0.8 percent lower.

But the best performers of the day were IT and pharma, both helped by a depreciation in the rupee. Cipla jumped 3.2 percent after announcing it had tied up with Serum Institute of India to launch vaccines in Europe.

Morning Stock Trading Tips& News –SBI goes ex-split

Shares were flat to positive in opening trade, with Nifty testing the 8,400 level it lost yesterday.

At open, the Sensex was up 0.15 percent, or 37 points, to 28,077 while Nifty was up 0.15 percent, or 15 points, to 8,397.

 In key movers, metal stocks were higher after the coal ministry issued draft guidelines for e-auction of de-allocated coal mines. Hindalco was up 1.55 percent while JSPL gained 0.2 percent.

 ING Vysya Bank was up 6.4 percent in early trade amid reports it would be acquired by HDFC Bank (down 0.84 percent).

 Several stocks that were added for derivatives trading such as Amtek Auto, Bosch, Engineers India, Strides Arcolabs and Wockhardt were up between 1.9 percent and 5.4 percent.

SBI was up 1.4 percent, after the stock went ex-split.

The rupee fell below the 62 to the US dollar, hitting a 10-month low. 

Intraday Stock Trading Tips

·         BUY GREENPLY (LCP-1112.65) ABOVE 1115 TG-1123-1133

·         BUY AJANTA PHARMA (LCP 2356) ABOVE 2360 TG-2375-2400

·         BUY SRF (LCP 902.65) ABOVE 904 TG-909-916

·         BUY ZYDUS (LCP-712.35) ABOVE 714 TG-719-725

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Stock Market Closing Report –Nifty ends below 8400

Markets sold off in late trade, with the Nifty falling below 8,400 while the Sensex tested the 28,000 mark, before closing above it.

At close, the Sensex was down 0.46 percent, or 130 points, to 28,032 while the Nifty was off 0.52 percent, or 44 points, to 8,382.

The sell-off was largely broad-based but stocks that had run-up the most recently fell the most.

High-beta shares such as metals and oil & gas witnessed 1 percent plus down move. Mid and small cap stocks have 0.6 percent. Logistics shares, which have risen manifold over the past one year saw ferocious selling, with stocks losing 6 to 10 percent. FMCG and IT were the only pockets that stood up in the decline.

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Live Stock Cash Tips & News

BSE Sensex, Nifty Edge Higher to Record Highs

Indian shares opened steadily higher, as bulls appeared to be buying shares with renewed vigour after a day’s consolidation. The BSE Sensex was up 0.30 percent, or 74 points, to 28,237 while the NSE Nifty opened 0.17 percent, or 14 points, higher to 8,442. As has been the script since a few days, the action has been in broader market with mid and small caps rising 0.54 percent and 0.65 percent. Sugar stocks were in focus early amid hopes the government would announce export sops. In individual stocks, SBI hit a 52-week high, 0.5 percent higher to Rs 2,960.
Intraday Stock Cash Tips

·         BUY VADILAL INDUS (LCP-270.8) ABOVE 274 TG-278-284

·         BUY ECE INDUS (LCP 184.4) ABOVE 187 TG-189-192

·         BUY DOLPHINE OFF (LCP 222.2) ABOVE 224 TG-227-231

·         BUY CENTURY PLY (LCP-157.1) ABOVE 158 TG-160-164

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Stock Market Report – Nifty, Sensex end flat

The BSE Sensex and Nifty were trading flat, paring gains from earlier in the session, dragged down by a 2.24 percent decline in index-heavyweight HDFC.

At close, the Sensex and the Nifty were down about 0.05 percent each to 28,163 and 8,425, respectively. In the broader market, mid and small cap shares, as measured by their BSE benchmarks, rose 0.27 percent and 0.95 percent.

Among sector gainers, sugar stocks witnessed strong buying amid hopes the government will soon announce sops to boost exports while jewelry stocks were down on reports fresh import curbs will be brought in for gold.

Telecom stocks too rose in trade led by bellwether Bharti Airtel, which was up 1.6 percent. Logistics shares continued their recent rally, with Container Corp and Snowman Logistics climbing 5 percent each while Patel Integrated was up 10 percent.