On Thursday in early trade, Sensex declined 46.75 points or 0.17 percent at 27770. Nifty fell 11.05 points or 0.13 percent at 8508. Nifty hovering around 8500 level while the broader market underperformed. The market breadth positive as about 1132 shares advanced and 684 shares declined on the Bombay stock exchange. BSE midcap and smallcap index gained 0.2-0.5 percent. Coal India, HDFC Bank, Bharti Airtel and L&T are the top gainer. Sun Pharma, Wipro, M&M, Bajaj Auto and ONGC are the loser in the Sensex. IT Services company Tata Consultancy Services first quarter profit is likely to down 4.7 percent sequentially to Rs 6,038 crore but revenue may increase 3 percent to Rs 29,300 crore. Dollar revenue is seen rising 3.8 percent on quarter to USD 4,347 million in the quarter ended and 3 percent in constant currency.
Today's Experts Advice -
Kotak Mahindra Bank - Buy, Stoploss - 760 Rs, Target - 810 Rs
Tata Steel - Buy, Stoploss - 352.4 Rs, Target - 362 Rs
UPL - Buy, Stoploss - 552 Rs, Target - 580 Rs
I learned valuable updates on top performing stocks here.Mastek Ltd has announced that it’s consolidated net profit for the first quarter ended April-June 2016-17 fell by 19 per cent at Rs 3.58 crore from the same period a year ago as total income decreased. In Q1 FY 2015-16, the company had posted a consolidated net profit of Rs 4.4 crore, Mastek Ltd said in a filing to the Bombay Stock Exchange (BSE). Get best trading tips by joining epic research.
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