Stock Trading Tips :: Market end at Record high

Indian markets traded with strong gains, with the Nifty recording a fresh all-time high but closing marginally short of the 8,500 mark it has never scaled.

The Sensex rose 0.95 percent, or 267 points to end at record closing high of 28,334 while the Nifty jumped 0.9 percent, or 75 points to 8,477.

Banks led the charge all day with Kotak Mahindra Bank rising 3.67 percent to hit a record high after it announced a USD 2.5 billion worth all-share merger deal with ING Vysya that would make it India’s fourth largest private bank behind ICICI, HDFC and Axis. ICICI (up 2.53 percent) too hit fresh lifetime highs.

Brokerages were largely positive on the Kotak-ING deal with many saying that while it may immediately pressure some of Kotak’s metrics such as return on equity, it would help it in the long term by boosting its presence in the South where ING is focused, as well as by incorporating its SME lending book.

Live Stock Trading Tips – Sensex, Nifty Trade Flat

Indian shares opened mildly higher, amid mixed cues from global peers and as yesterday's mega M&A action spurred some sentiment.

At open, the BSE Sensex was up 0.02 percent, or 7 points, to 28,070 while the Nifty rose 0.02 percent, or 3 points, or 8,405.

Among early movers, Kotak Mahindra Bank was up 7 percent after it announced a merger with smaller peer ING Vysya Bank in an all share-deal that valued the latter at USD 2.5 billion. ING shares were up 1.6 percent.

Shares of other small private sector banks such as South Indian Bank, Dhanlaxmi Bank and City Union Bank jumped 3.6-4 percent amid hopes Kotak's deal would trigger a wider consolidation in the banking industry and make them potential acquisition candidates. 

The Indian rupee has opened at 61.84 a dollar on Thursday, up 10 paise compared to previous day’s closing value of 61.94 a dollar.

Intraday Stock Trading Tips

·         BUY AMRUTANJAN (LCP-386.7) ABOVE 389 TG-394-400

·         BUY SHEMAROO (LCP 205.75) ABOVE 207 TG-211-215

·         BUY DOLPHINE OFF (LCP 233.7) ABOVE 235 TG-238-242

·         BUY AJANTA PHARMA (LCP-2478.3) ABOVE 2485 TG-2499-2520

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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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