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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