Stock Market Opening Bell

TCS, Reliance Industries, MindTree in Focus Today

The market fell marginally in early trade on last day of the week due to selling pressure in banks and technology stocks. The Sensex fell 30.53 points to 28635.51 and the Nifty lost 27.25 points to 8679.45.

 About 396 shares have advanced, 276 shares declined, and 91 shares are unchanged on the BSE. 

 IT major TCS plunged 1.7 percent as the company did not post any stellar earnings. The company missed expectations with dollar revenues declining by about a percent. The company handed out bonuses to employees worth over USD 2,600 crore.

Mindtree too fell 2 percent after its fourth quarter consolidated net profit declined 8.4 percent sequentially to Rs 129 crore that fell short of expectations on Thursday, impacted by forex loss. Wipro, Bajaj Auto, Axis Bank, Hero Motocorp, Tech Mahindra, Lupin and UltraTech Cement were down 0.8-2 percent while Reliance Industries gained 1.5 percent ahead of Q4 earnings. Sun Pharma, ONGC, Hindalco, Cipla and Cairn India gained 0.6-1 percent.

The Indian rupee has opened flat at 62.31 per dollar today against previous day's closing value of 62.30 a dollar.

Intraday Stock Trading Tips

BUY IGARASHI MOTORS (LCP-492.55) ABOVE 495 TG-500-505

BUY SRF (LCP 1027.45) ABOVE 1030 TG-1038-1048

BUY VADILAL INDUS (LCP-369.45) ABOVE 372 TG-376-381

BUY WHEELS (LCP-1239.45) ABOVE 1244 TG-1254-1265

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