Afternoon Equity Stock Market News ; Nifty struggles below 7550

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Today the Nifty stock market, which slipped into negative territory after a fairly good start, bounced back in late morning only to falter again due to a fresh round of selling at some front line counters. The Sensex is down 78.72 points or 0.31% at 24,694.25, while the Nifty50 index of the National Stock Exchange is down 22.75 points or 0.3% at 7514.05.
After a steady start, the Indian stock market drifted lower this morning, with investors treading cautiously amid mixed global cues. After recent disappointing data on industrial production and inflation and a somewhat mixed first batch of quarterly earnings reports, investors are looking for fresh direction. The stock market has opened volatile on last day of the week following mixed Asian cues.
The equity market remained marginally lower amid consolidation with the Sensex falling 35.95 points to 24737.02 and the Nifty declining 15.40 points to 7521.40. The broader markets have fallen more compared to benchmarks; the BSE Midcap was down 0.6 percent and Smallcap lost 0.9 percent. More than two shares declined for every share advancing on the Bombay Stock Exchange.

Today’s Accurate Equity Tips By Capitalheight

Market Update

• Equity benchmarks closed 1 percent lower Monday as investors cautious ahead of RBI policy. The Sensex lost 246.66 points to 25616.84 and the Nifty fell 72.80 points to 7795.70. 
• About 1149 shares have advanced, 1579 shares declined, and 127 shares are unchanged on the BSE. Tata Motors, Vedanta, Sun Pharma, Infosys, Coal India and UltraTech Cement plunged 3-6 percent. However, Dr Reddy's Labs outperformed, up 5.5 percent. Lupin, HUL, Idea Cellular, Adani Ports and YES Bank gained 1-2 percent.
• Hold DLF (Rs 128) with a stop loss at Rs 121 for near term. On the upside, the stock may rise to Rs 136 - Rs 140 in the near term.
• After moving in a tight band amid alternate bouts of buying and selling, the market has plunged a bit sharply in late afternoon trade, with several front line stocks reeling under a fresh bout of selling pressure.
• A weak start in European markets and caution ahead of tomorrow's monetary policy appear to be prompting investors to exit counters.
• The Sensex is now down 217.05 points or 0.8% at 25,646.45. The Nifty is down 69.25 points or 0.88% at 7799.25.

Indian Rupee Update

The Indian rupee has opened marginally higher by 5 paise at 66.11 per dollar on Monday versus 66.16 Thursday

For live market updates on Indian Stock Market visit www.capitalheight.com/stock-tips.php or call at 0731-6615050

Free Accurate Stock Market Tips By CapitalHeight

Intraday Stock Cash Tips

BUY JINDAL POLLY (LCP-441.4) ABOVE  444 TG-448-453

BUY NILKAMAL (LCP 973.15) ABOVE 976 TG-982-989

BUY ELDER PHARMA (LCP-113.55) ABOVE 115 TG-118-121

BUY ARROW COATED (LCP 519.1) ABOVE 522 TG-527-534

Today’s   Market

The market has started October series on a flat note Monday after losing 1.4 percent last week. The Sensex rose 41.93 points to 25905.43 and the Nifty gained 10.45 points at 7878.95. About 627 shares have advanced, 204 shares declined, and 48 shares are unchanged on the BSE. TCS, Lupin, SBI, Cipla, HDFC Bank, Tech Mahindra, Idea Cellular and Adani Ports gained 1-2 percent. However, Tata Motors, Sun Pharma, Wipro, UltraTech Cement and Cairn India fell 1-2 percent.

• Indian mkts ended upside. Nifty and Sensex up by 0.29% and 0.16%
• Asia Pacific market down. Taiwan down by 0.87% & KOSPI up by 0.13%.
• Wall St. Flat. USD Core Retail Sales down to 0.1%. Dow future up by 95 pts.

Indian indices remained highly volatile amid expiry session and closed on positive note ahead of expectation regarding RBI policy to be announced on Tuesday (29th Sep). Sensex was up by 40 points at 25863 & Nifty up by 22 points to settle at 7868 level. European markets traded downside.

Asian stocks sagged on Monday after Wall Street’s uninspiring Friday performance and ahead of key economic indicators, while the dollar consolidated its gains against the yen and euro.

Tokyo’s Nikkei lost 1.1 per cent on caution ahead of coming announcements including Tuesday’s Japan industrial production, Thursday’s China Caixin Purchasing Managers’ Index (PMI) and US non-farm payrolls on Friday.

The S&P 500 erased an early Federal Reserve-driven rally on Friday and closed slightly lower amid a selloff in biotech shares, and the Nasdaq lost 1 per cent. The Dow , however, managed to rise 0.7 per cent.

 Today’s Indian Rupee

The Indian rupee has opened marginally higher by 5 paise at 66.11 per dollar on Monday versus 66.16 Thursday

For live market updates on Indian Stock Market visit www.capitalheight.com/stock-tips.php or call at 0731-6615050

Free Stock Trading Tips And Stock Market Tips

Indian Rupee Update

The Indian rupee opened at two-week high in early trade on Friday after the US Federal Reserve kept policy rates unchanged on September 17. We see the range for the USD-INR between 66-67/dollar.

Intraday Stock Cash Tips

• BUY LAMBODHARA(LCP-879.5) ABOVE 883 TG-890-897
• BUY ADVANTA (LCP 538.75) ABOVE 541TG-546-552
• BUY TATA ELEXI (LCP-1861.6) ABOVE 1865 TG-1875-1885
• BUY WOCKHARDT (LCP 1408) ABOVE 1411 TG-1418-1428

Market Updates

The Indian stock market is sharply higher this morning, with investors indulging in some hectic buying almost across the board, buoyed by the U.S. Federal Reserve's decision to hold interest rate rates steady even as it suggested a modest policy tightening later this year.

The shares are being offered in an indicative range of 324.50 rupees to 338.05 rupees each, with the deal worth up to 12.5 billion Indian rupees, the terms showed.
The lowest price in the range represents a discount of up to 4 percent to their Sept. 16 close of 338.05 rupees.

• Indian mkts ended updside. Nifty up by 0.87% and Sensex up by 1.00%
• Asia Pacific market mixed. Nikkei up by 0.80% & Jakarta down by 0.34%.
• Wall St. Flat. USD Core Retail Sales down to 0.1%. Dow fut up by 267 pts.

Indian indices were volatile and closed on positive note. On sectorial front Energy, FMCG and IT sectors were up while Realty sector traded downside with 0.27%. Sensex was up by 258 points at 25963 & Nifty future up by 67 points to settle at 7896 level. European markets traded mixed.

The BSE benchmark Sensex is up 350 points or 1.35% at 26,313.97, while the Nifty index of the National Stock Exchange is up 103.35 points or 1.3% at 8002.50.

For live market updates on Indian Stock Market visit www.capitalheight.com/stock-tips.php or call at 0731-6615050