Today Stock Market Trading Strategies And News

Indian equity benchmarks gained strength in morning trade Thursday on short covering, after seeing fall of 400 points on the Sensex in previous two sessions.The BSE Sensex is up 147.34 points at 19325.10, and the Nifty is up 40.50 points at 5811.40. Advancing shares outnumbered declining ones by 735 to 484 on the Bombay Stock Exchange.Suzlon is likely to sell 70-75 percent of its domestic manufacturing facilities reports CNBC-TV18 quoting sources. It is learnt that Suzlon may monetise Pondicherry manufacturing units and sell stake in SE Forge. As part of the strategy, it is looking to sell some office spaces across India and reduce manpower by 1000 in FY14. The stock is up 3 percent on the BSE.

The ousting of Mohammed Morsi as Egypt's president has brought cheer to the crowds gathered in Cairo, but the outlook for Egypt remains highly uncertain and that means caution in financial markets is likely to prevail for now, analysts say.US oil prices edged down on Thursday, pulling back from the previous day's 14-month high above USD 102 a barrel, following news that Morsi was forced out of power by the military on Wednesday.

Stocks in News:

·  Unilever's USD 5 billion open offer to increase stake in Hindustan Unilever   to up to 75 percent will close today. Sources indicate that the open offer may be subscribed only 50 percent.

·  Deepak Fertiliser has acquired 24.46 percent stake in Mangalore Chemicals for Rs 182.6 crore via subsidiary SCM Soilfert. The prominent sellers were DSP Blackrock (which sold 2.4 percent stake at Rs 63/share), Sundaram BNP Paribas MF (sold 2.5 percent stake at Rs 63/share) and Indian Syntans (sold 3.4 percent stake at the same price).

·  Hindustan Copper   offer for sale (OFS) closed on Wednesday. It was subscribed 1.18 times and got bids for 4.38 crore shares. The indicative price was Rs 70 a share. The government is divesting 4.01 percent stake in the company.

Money CapitalHeight is an ISO 9001-2011 Registered Company. We are a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Stock Tips & Commodity Tips.

          For 2 Days Free Stock Tips, Live stock calls, stock market recommendation, stock technical view, stock market strategy, stock market planning  please visit our site at www.capitalheight.com  or please call our 24/7 Customer Care Support us at  +91 9993066624,  0731 – 4295950.