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The market has opened marginally lower, tracking negative
global cues due to sharp fall in oil prices. The Sensex fell 91.10 points to
25439.01 and the Nifty declined 22.30 points to 7743.10. Dr Reddy's Labs,
Vedanta, HDFC, ONGC, Hindalco, Cairn India and Adani Ports declined 1-2 percent
while Tata Motors, Hero Motocorp, Infosys, Bajaj Auto, Wipro, BPCL, HCL Tech
and Asian Paints gained 0.2-1 percent.
Intraday Stock Cash Tips:-
- BUY GODFRY ABOVE 1495 TG-1505-1515 SL 1478.3
- SELL JUSTDIAL BELOW 848 TG-842-837 SL 861.3
- SELL BF UTILITIES BELOW 606 TG-600-593 SL 618.9
- SELL HERITAGE FOOD BELOW 505TG-500-493 SL 518.9
Indian Market Outlook:-
Nifty future started off week on a negative note,
continuing its downtrend for fourth
consecutive session on Monday despite positive global cues. Nifty future down
by 11 points to close at 7808. The
30-share BSE Sensex ended down 108 points at 25530.
The market breadth
was slightly broader as about
1446 shares advanced against 1316 declining shares on the BSE.
Shares of Bharat
Forge fell 2.4 percent intraday Monday to hit a 52-week low of Rs 818 on the BSE due to further
decline in truck orders inflow.
Tata Group along
With its listed firms adding over USD 100 billion to market capitalisation in the last 15 years, it
is looking at an increase of nearly USD 250 billion by 2025, including through
acquisitions.
Global Market Overview:-
Asian stocks came off day's high to close mixed today, as
investors eye a host of economic data due this week. Nikkei and Shanghai
gained 1 percent and 0.3 percent, respectively while Hang Seng lost0.15 percent.
European equities were trading higher with CAC and DAX up
over 1.7 percent after a solid
US jobs report that put the Federal Reserve on course to increase interest
rates. Britain's FTSE was up 0.5 percent.
Nonfarm payrolls data showed the US economy created
211,000 jobs for November,
beating market expectations. It is likely to have been the final sign for the
Federal Reserve that conditions were right for a hike in interest rates in
December.
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