Intraday Stock
Cash Tips
BUY TCI (LCP-294)
ABOVE 296 TG-300-305
BUY RUSHIL (LCP
232.05) ABOVE 235 TG-239-245
BUY 8K MILES
(LCP-1848.45) ABOVE 1855TG-1865-1880
BUY SMSPHARMA (LCP
769) ABOVE 772TG-778-785
Market Update
The market extended losses in afternoon trade, dragged by
technology, FMCG and healthcare stocks. However, metals, capital goods and oil
stocks gained strength. The Sensex fell 123.73 points to 26955.78 and the Nifty
declined 34.60 points to 8155.10. The broader markets erased gains to trade
flat. Infosys remained under pressure, down 2.7 percent after reduction in FY16
dollar revenue guidance (in dollar terms), CFO resignation, equity dilution
woes and tepid volume growth despite strong earnings. Shares of HDFC, TCS,
Lupin, Sun Pharma, Dr Reddy's Labs, Wipro and Cipla were down 1-2 percent.
However, Vedanta and Hindalco remained strong despite profit booking, up 5-7
percent. Tata Motors continued its uptrend for the sixth consecutive session
today, rising 2 percent.
- Indian mkts ended upside. Nifty and Sensex up by 0.74% and 0.70%
- Asia Pacific market mixed. Jakarta up by 2.13% & Nikkei up by 1.61%.
- Wall St. up USD Core Retail Sales down to 0.1%. Dow future up by 230 pts.
Indian indices remained volatile and closed on negative
note amid global cues. On sectorial front all major indices traded downside
including, Infra, FMCG, Realty and Metal Sector. Sensex was up by 233 points at
27079 & Nifty down by 60 points to settle at 8189 level. European markets
traded mixed.
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