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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