Stock Tips Today & Opening News

Tata Steel, Sun Pharma, Bajaj Auto, HDFC and HUL are major laggards while Infosys, SBI, Dr Reddy's Labs and Vedanta are top gainers.
 Stock Tips Today:

BUY CHENNAI PETRO (LCP-205) ABOVE 206 TG-210-215

BUY TATA ELEXI (LCP 1832.1) ABOVE 1836 TG-1845-1855

BUY RATANMANI (LCP-673.3) ABOVE 676 TG-681-687

BUY LA OPALA (LCP-520.55) ABOVE 522 TG-526-532

Nifty above 8500, Sensex flat; Tata Steel falls, SBI up 1%

The market opened higher but soon turned flat. The Sensex is down 8.29 points at 28093.43, and the Nifty is down 8.80 points at 8516.80. About 619 shares have advanced, 237 shares declined, and 65 shares are unchanged.

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Tata Steel, Sun Pharma, Bajaj Auto, HDFC and HUL are major laggards while Infosys, SBI, Dr Reddy's Labs and Vedanta are top gainers.

The Indian rupee plunged in. The currency has opened lower by 29 paise at 64.16 per dollar against previous close of 63.87.

Stock Market Closing Bell

Dragged sharply by oil & gas, pharma, FMCG and banking stocks the market ended with severe losses. The Sensex closed down 260.95 points or 0.9 percent at 27176.99 and the Nifty ended at 8213.80, down 91.45 points or 1 percent at 8213.80. About 667 shares have advanced, 2063 shares declined, and 144 shares are unchanged.

SBI, Bharti Airtel, Dr Reddy's Labs, BHEL and HDFC fell around 3 percent each. Maruti gained over 3 percent after posting firm March quarter results while Vedanta, Wipro, Bajaj Auto and Tata Motors were top gainers in the Sensex.

BSE Midcap index slipped over 2 percent from previous close.
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Stock Market Open Lower on Based Selling

Sensex, Nifty fall further; NMDC plunges, Tata Steel gains

The market opened volatile on first day of the week. The Sensex fell 58.74 points to 28383.36 and the Nifty declined 26.15 points to 8579.85. About 506 shares have advanced, 532 shares declined, and 115 shares are unchanged on the BSE.

NMDC topped the selling list, down 4 percent after CLSA has a sell rating on the stock and sees more downside to the stock. Larsen & Toubro, Bharti Airtel, TCS, M&M, Sesa Sterlite, Idea Cellular, IndusInd Bank, Kotak Mahindra Bank and Ambuja Cements declined 0.5-1.5 percent. Reliance Industries also declined marginally despite strong earnings. The run up in stock in previous few sessions might have discounted strong earnings. Reliance Industries delivered its best ever quarterly performance with its profits rising over 22 percent sequentially. The company’s gross refining margins (GRMs) are at a 2-year high and that offsets weakness in other segments.

However, Sun Pharma, NTPC, Tata Steel, Hindalco, GAIL and Lupin gained 0.5-1.5 percent.

 The Indian rupee slipped in the early trade on Monday. It has opened lower by 18 paise at 62.54 per dollar versus 62.36 Friday.
Intraday Stock Trading Tips:

SELL BEML (LCP-1091.6) BELOW 1088 TG-1081-1072

SELL GUJRAT GAS (LCP 809.2) BELOW 806 TG-799-791

SELL VADILAL INDUS (LCP-360.65) BELOW 358 TG-354-348

SELL WHEELS (LCP-1280.05) BELOW 1275 TG-1267-1257

We are a leading Research Company, having a strong hold in providing most authentic and accurate intraday stock tips, equity tips and commodity market tips. For more info and Free Trials @ www.capitalheight.com/about.php  or call at 0731-6615050, 9993066624.