Sensex, Nifty starts on flat note | Sun Pharma down 6 percent

The Equity market has opened in green reacting driven by  gains in FMCG, majorly in ITC but Now The Market continued to fall amid consolidation. FMCG shares up after GST panel fixed rates yesterday While Pharma shares are under pressure. Sensex trading at 27392.51, lower by 37.77 points or 0.14 percent. Nifty still below 8,500 and trading at 8462, down 22.80 points or 0.27 percent. The GST council has decided a four tire GST tax structure of 5,12,18, and 28 percent. some financiers anticipate that the GST will come into force by September 2017,  few trust it will be upheld as ahead of schedule as for April 2017.

NSE Gainers - ITC 4.14%, HUL 2.07, M&M 0.92%, NTPC 0.88%, Infosys 0.84%.

NSE Losers -  Sun Pharma 6.86%, Dr Reddys Labs 4.95%, Lupin 4.75%, Bharti Infratel 4.21%, Hindalco 4.18%.

Trading Advice for Today - 

ACC - Buy, SL - 1484 Rs, TGT - 1548 Rs

Bajaj Auto - Buy, SL - 2800, TGT - 2885 Rs

Stock in the news today

OIL- OIL set to sell share through the OFS. On Friday  will give a presentation about the merchant banker.
HDIL/DLF- Cabinet will announce rental housing policy today, realty companies could get the benefit.
ITC- Mr. YC Deveshwar will give up the executive role from February 2017. They will attend July AGM last time as a CEO. They will be  nonexecutive chairman of ITC.
Gokuldas export / Aurobindo / Raymond / E-Land Apparel - Cabinet expectedly announces new textile policy today. The meeting will be focused on garment manufacturing.