23 Aug Closing Bell: Markets end sharply higher; Stock and Equity Market Tips for Tomorrow

The benchmarks indices Sensex and Nifty ended higher with positive global cues and supporting gains in heavyweight shares on Wednesday.  The end of the day Nifty ended above 9850 and Sensex closed above 31550. All sector ended in positive territory remaining FMCG sector. 

Sensex was up 276 points and closed at 31568, while Nifty was up 87 points, ended at 9852. Sensex touched an intraday high of 31593. these are more than 301 points higher against the previous level. while Nifty touched an intraday high of 9856, these are more than 90 points higher against the previous level. 

Adani Ports was top gainers on BSE, surged 2.82 percent at 385.05,  other gainers were Bharti Airtel, Tata Steel, Dr Reddys Labs, and Infosys. while HUL was major losers on BSE, lower by 1.10 percent at 1,187.55. other gainers were Sun Pharma, ITC, M&M, and TCS. 

CASH CALL For Tomorrow (24/08/2017)

BUY SHANKARA ABOVE 1211 TARGETS 1226, 1241, 1256 STOPLOSS 1181 

BUY APTECHT ABOVE 279.5 TARGETS 283.5, 287.5, 291.5 STOPLOSS 271.5

BUY FEL ABOVE 44 TARGETS 44.6, 45.2, 45.8 STOPLOSS 42.8

SELL AYMSYNTEX BELOW 56.5 TARGETS 56, 55.5, 55 STOPLOSS 57.5

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Sensex drops 266 pts, Nifty holds 9,800; Auto stocks fall

Indian shares cut losses in late trade on short covering for a fourth consecutive session on Thursday, led by losses in financials and auto stocks.

The BSE Sensex Index was down 266.51 pts or 0.84% at 31531.33 and Nifty50 index fell 87.80 pts or 0.89% to 9,820.25. About 6 shares fell for every share advancing on the BSE.

The Nifty Auto index fell 2.2%, its biggest percentage loss in more than two months. Stocks of Eicher Motors, Tata Motors and Motherson Sumi Systems pulled the index down.

The stocks of Financial companies resumed their decline with the Nifty Bank index going down 0.5 percent and the Nifty PSU bank index losing 1.9 percent.

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Market ends weak, Sensex drag 239 pts, Stock Recommendation for Tomorrow ( 04 August 2017)

Market Update

The Indian Stock Markets extended losses for the second consecutive session and ended with the negative territory on Thursday, with the Sensex lost 282 points intraday on continued profit booking in banking & financials post-RBI policy.

Sensex and Nifty

BSE Sensex lost over 238.86 points to 32,237.88  level on weak market breadth. NSE Nifty Success to close above 10,000 marks, lower by 67.85 points at 10,013.65 after hitting an intraday low of 9,998.25 level. 

Sectoral Index

All sectoral indices closed in negative territory, with the Nifty Metal index declined the most (down 1.91 percent) followed by Bank (down 1.52 percent) and Pharma (down 1.24 percent).

BSE Midcap and BSE Smallcap

BSE Mid-cap index closed down by 0.50% at 15,335. BSE Small-cap index dragged 0.95% at 15,911. 

Indian Rupee

Indian Rupee hit a fresh two year high, closed at 63.69/dollar, up 1 paise from previous closed 63.70 on Wednesday. 

Gainers/Losers

Bharti Airtel was the top gainers on BSE, surged 2.01 percent at 424.25, followed by gains in Reliance, Bajaj Auto, TCS, and Hero Motocorp. while Lupin was the biggest loser, down 3.8 percent at 994.90. leads in losses, Coal India, SBI, Cipla, and Dr Reddys Labs.

Stock Recommendation for Tomorrow ( 04 August 2017)

BUY DWARKESH ABOVE 609 TARGETS 615, 621, 627 STOPLOSS 597

BUY DEEPAKFERT ABOVE 364 TARGETS 367.5, 371, 374.5 STOPLOSS 357

BUY EDELWEISS ABOVE 236 TARGETS 238.2, 240.4, 242.6 STOPLOSS 231.5

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