01/09/2016

The Equity market opens marginally | Nifty hovers 8,800


The Equity market opened flat and trading marginally on Thursday. Nifty hovering 8,800 and Sensex around 28,000. BSE midcap and  smallcap shares are seen the green note with the strong shares. 
Sensex trading marginally at 28483.58, higher 31.40 points or 0.11 percent. Nifty up 13.50 points or 0.15 percent  at 8799.70. The market breadth positive as about 1063 shares advanced against 853 declining shares on BSE
BSE midcap bounced 0.32 percent at 13259.84. BSE smallcap index up 0.29 percent at 12685.72. 
IT index 0.3 percent, Media 0.4 percent, Pharma 0.1 percent, and Realty index 0.39 percent down on Nifty. While Auto index 0.6 percent, FMCG 0.4 percent, and Metal 0.3 percent strong on the sectoral basis. Bank Nifty up nearly 3 percent at 19844.90. 
GAIL, ICICI Bank, M&M, Tata Motors, and HDFC are the top gainers. Wipro, Asian Paints, Adani Ports, HDFC Bank, and Larsen are the losers in the Sensex.

Experts Trading Advice - 
BUY    PFC, Stoploss - 120 Rs, Target - 130 Rs
BUY    Tata Steel, Stoploss - 366 RS, Target - 380 Rs
SELL   Kaveri Seeds, Stoploss - 367 Rs, Target - 352/347 Rs

1 comment:

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