Intraday Stock
Cash Tips:-
- BUY ATUL (LCP-1732.6)
- BUY NAVINFLOUR (LCP 1720.2) ABOVE 1725 TG-1737-1750
- BUY MINDA IND (LCP-696.5) ABOVE 700 TG-707-715
- BUY 8K MILES (LCP 1846.2) ABOVE 1850 TG-1862-1878
Market Update:-
Indian
equity market is likely to open on a weak note on Thursday morning as suggested
by the SGX Nifty. The market opening indicator was trading at 8049, down 17
points.
On Wednesday the market lost previous day's gains with the benchmark
indices falling marginally despite positive global cues. Indices started on a
strong note with the Nifty scaling above 8100-mark but it could not sustain
gains in afternoon trade due to profit booking in heavyweights. Private banks,
healthcare, technology and select oil stocks drove market lower, though auto
stocks provided support.
The domestic equity market is likely to turn volatile on
Thursday, as Bihar goes into the fifth and final phase of polling and the focus
shifts to the exit polls in the runup to the election outcome on November 9.Investors
may also turn wary after the US Fed chair Janet Yellen in a testimony before
the joint economic committee in Washington overnight said the Fed rate hike is
now a 'live possibility'.
Indian Market Overview:-
- The Nifty down 20 points, or 0.25%, to close at 8,040, the market lost previous day's gains on Wednesday with the benchmark indices falling marginally despite positive global cues.
- The Sensex gained 37 points, or 0.14%, to close at 26552 on Wednesday; the index continued its weak trend after registering a green closing on Tuesday.
- Government is planning to bring down corporate tax up to the level of 25 percent gradually said Finance Minister Arun Jaitly on Wednesday.
- Public sector lender Canara Bank 's July-September quarter earnings disappointed street on Wednesday with profit falling 15.6 percent year-on-year to Rs 528.9 crore, impacted by higher provisions supported by other income, operating profit and net interest income.
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