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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Sensex gains around 150 pts; Nifty holds 8,100

The Equity Market has opened in the green note and continued to gain amid consolidation on Tuesday. Nifty holds 8,100 level and try to gain. Sensex surges 117 points or 0.45 percent at 26466. whereas Nifty gains 37 points or 0.46 percent at 8166. About 1104 shares advanced, 326 shares declined and 78 shares unchanged on Bombay Stock Exchange. All shares are on positive and good strength, remaining Consumer Durables and FMCG, Dabur down 2 percent in trade. BSE midcap index up 88 points at 12368, while BSE smallcap index gains around 100 points at 12213. Dabur down 2 percent in trade. The Indian rupee gained in the early trade. It has opened higher by 7 paise at 68.14 per dollar versus previous close 68.21. 

NSE Gainers - HDFC 3.45%, Tata Power 2.39%, Idea Cellular 1.79%, Zee Entertain 1.77%, GAIL 1.65%.

NSE Losers - HUL 1.04%, ITC 0.95%, Power Grid Corp 0.89%, Eicher Motors 0.85%, IndusInd Bank 0.72%. 

Experts Recommendation :- 

UltraTech Cement Buy with stop loss 3600 Targets 3620.25 - 3625.32 - 3630.42 - 3640.55

Today's Experts recommendation; Nifty holds 8200 amid consolidation

On Thursday, Market opened on the flat note and trade with volatility. Nifty starts above 8,200 and Sensex holding 26,500 level. Now Sensex trading at 26667, up 14.79 points or 0.06 percent. Nifty down mere 3 points or 0.04 percent at 8221. Auto, Bank Nifty, IT, Metals, Oil & Gas, PSU are the down, while Capital Good, Consumer Durables, FMCG,  and Healthcare are strong on the benchmarks. BSE midcap index down 40.75 points at 12457.87, whereas BSE smallcap index up 12.51 points at 12342.16. The Indian rupee slipped in the early trade. It has opened lower by 10 paise at 68.48 per dollar versus previous close 68.38. 

GAIL, ONGC, Cipla, Reliance, and Lupin are among top gainers whereas Asian Paints, Tata Motors, ICICI Bank, Bharti Airtel, and Adani Ports are the major losers in the Sensex. 

Experts Recommendation : 

Tata Steel - Buy, Stoploss - 408 Rs, Target - 421/424 Rs

ONGC - Buy, Stoploss - 284 Rs, Target - 300 Rs

IOC - Buy, Stoploss - 290 Rs, Target - 320 Rs

Sensex in red, Nifty struggles below 8000

On Thursday the equity market starts with the flat note. BSE Sensex dropped over 100 points and trade below 26,000 in morning trade, Nifty trading below 8,000. Sensex trading at 25955, lower by 95 points or 0.36 percent, led by losses Tata Motors, NTPC, ICICI Bank, Sun Pharma, and Cipla. Nifty down mere 36 points or 0.46 percent to 7996. led by losses Zee Entertain, Eicher Motors, Tata Motors, Tata Motors (D), and NTPC. Sensex opened at 26,049.14, Touched a high of 26,049.14 and touched a low of 25,880.78 in morning trade. Nifty opened at 8,011.80, Touched a high of 8,013.65 and touched a low of 7,973.95  in early trade. BSE midcap index down 0.28 percent to 12008.18, whereas BSE smallcap index up 0.09 percent to 11876.32. After hitting a 9-month low, the rupee has crossed record closing low of 68.80 per dollar.

BSE Gainers - Asian Paints 1.56%, Infosys 0.92%, Bajaj Auto 0.82%, TCS 0.81%, SBI 0.68%.

BSE Losers - Tata Motors 2.80%, NTPC 2.03%, ICICI Bank 1.58%, Reliance 1.10%, Adani Ports 0.91%.

Sell Bajaj Finance Ltd BAJFINANCE at 833.50 for the target of 823.00 with stop loss of 846.00 

Buy Shriram Transport Finance Company Ltd SRTRANSFIN at 860.00 for the target of 870.00 with stop loss of 850.00 

Buy ACC Ltd ACC at 1,315.00 for the target of 1,323.00 with stop loss of 1,312.00 

Sensex erases early gains ; Nifty still below 8,000

The Equity market has opened on a strong note. Sensex surged more than 200 points in morning trade, after crossing the psychological 26,000 market, the S&P BSE Sensex is trading at 25,872 up 105 points, while NSE Nifty is trading at 7970.35 up 41 points. About 1109 shares have advanced, 704 shares declined, and 77 shares are unchanged. Sensex touched a high of 26,039.70 and touched a low of 25,816.53 in morning trade. Nifty touched a high of 8,018.45 and touched a low of 7,946.35 in morning trade. BSE midcap index trading 11788.28, higher by 0.46 percent, whereas BSE smallcap indices up 0.23 percent at 11520.56. The Indian rupee opened marginally higher r at 68.13 per dollar versus previous close 68.16.

Adani Ports, Maruti Suzuki, Cipla, Tata Steel, and HUL are among the gainers, whereas BHEL, Larsen, NTPC, GAIL, Dr Reddys Labs are losing sheen on Nifty 50. 

L&T Finance - Sell, SL- 86 Rs, TGT - 74 Rs

Just Dial - Sell, SL - 400 Rs, TGT - 367 Rs

NCC - Sell, SL- 77.50 Rs, TGT - 71 Rs 

Sensex cracks 300 pts ; Nifty below 8000

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Equity benchmarks extended losses an early morning . The Sensex pared gains after rallying as much as 300 points in morning trade on Monday, weighed by SBI, M&M, Tata Motors, HDFC, and Dr Reddys Labs. Nifty reclimbed 8,100 marks but immediately  turned volatile. Now Sensex trading at 25831.96, lower by 321 points or 1.23 percent. Nifty is down 116 points or 1.45 percent at 7957. Sensex opened at 26,246.70, Touched a high of  26,270.28 and low of 25,810.94 in morning trade. Nifty opened at 8,102.10, Touched a high of  8,102.45 and a low of 7,949.80 in early trade. The Indian rupee has opened flat at 68.10 per dollar.
NSE Gainers - Bharti Infratel 2.17%, HCL Tech 1.09%, Wipro 0.61%, TCS 0.28%, Infosys 0.27%.
NSE Losers - Bank of Baroda 5.88%, Eicher Motors 4.51%, SBI 3.81%, Yes Bank 3.67%, Grasim 3.49Z%.

Sun Pharma - Buy, SL - 678 Rs, TGT - 720 Rs
SBI - Sell, SL - 280 Rs, TGT - 265 Rs
L&T - Sell, SL - 1400 Rs, TGT - 1320 Rs

Sensex turns rangebound ; NTPC, Sun Pharma up 2-3%

The market has opened flat on Friday, with the Nifty struggling below 8,100 level and Sensex manage around 26,000. Presently, the market is volatile and fluctuated between gains and losses as an extended decline in consumer durables and select auto stocks countered a rally in energy producers. 

BSE Sensex up merely 36.18 points or 0.14 percent at 26265. whereas Nifty up 16.20 points or 0.20 percent at 8096.10. The market breadth remained negative as about 1109 shares declined against 786 advancing shares on the BSE. 

The BSE Midcap index trading at 12070.63, higher 0.59 percent. whereas BSE smallcap index trading lower by 0.02 percent to 11837.06. 

The Indian rupee opened lower by 18 paise at 68 per dollar against Friday's close as against the previous close of 67.81 per dollar. 

NTPC, Sun Pharma, ONGC, M&M, and Hero Motocorp are among the gainers, whereas GAIL, HUL, Tata Motors, TCS, and ITC are the losers in the Sensex. 

Trading Suggestion :-

Tata Motors BUY SL 468.40 Rs TGT 490 Rs

PFC BUY SL 119 Rs TGT 130 RS

HUL BUY SL 800 Rs TGT 833 Rs

Equity market sluggish ; Tata Motors, Axis Bank up

On Thursday The Equity market once again opened on the flat note. Sensex up mere 25.54 points or 0.03 percent at 26325.91. Nifty holding 8100 level and trading at 8116, marginal up 2.10 points or 0.06 percent. The market breadth marginally weak as About 1052 shares have advanced against 557 declining shares, and 76 shares are unchanged. BSE midcap index is trading down 0.03 percent at 12040.65, whereas BSE smallcap index is trading down 0.29 percent at 11873.52. The Indian rupee opened higher by 5 paise at 67.89 per dollar against 67.94  previous close.

Tata Motors, Axis Bank, Cipla, GAIL, and ONGC are among the gainers, whereas Hero Motocorp, Bajaj Auto, Wipro, Asian Paints, and Coal India are the losers in the Sensex. 

Cadila - Buy, SL - 360 Rs, TGT - 385/390 Rs

UPL - Buy, SL - 580 Rs, TGT - 635 Rs

Infosys - Buy, SL - 910 Rs, TGT, 1020 Rs

Sensex rallies over 150 points; Nifty holds 8100, pharma, consumer durables down

The Domestic Market recovered after closing low on Tuesday, tracking positive global cues and lower inflation data released yesterday. The market has opened super strong in morning trade but after some time it's erasing gains, the market has become completely flat. 

Nifty holding 8100, up 39.10 or 0.48 percent and Sensex is up 180 points or 0.70 percent at 26490. 

About 832 shares have advanced, 1115 shares declined, and 88 shares are unchanged. 

The Indian rupee opened marginally higher at 67.68, up 6 paise per dollar against previous close 67.74. 

The BSE Midcap Index is trading up 1.15% at 12,115.07, whereas BSE Smallcap Index is trading up 0.54% at 11,966.

Asian Paints, TCS, Maruti Suzuki, Infosys, and Bharti Airtel are the gainers whereas Lupin, Dr Reddys Labs, Tata Steel, ITC, and Axis Bank are the losers in the Sensex. 

Some buying activity is seen in realty, IT, auto, banking, energy, and oil & gas sectors, while pharma, consumer durables, capital goods and industrial sectors are showing weakness on NSE. 

Buy Buy Buy Buy Buy Buy........

Bank of Baroda, Hindalco, HDFC, Reliance...

Tuesday Stock Trading Tips | Nifty reclimbed 8,700

The Equity benchmarks opened marginally higher on Tuesday after  ended with the red caution on Monday. 

Sensex rallied 35.78 points or 0.12 percent at 28329.06 led by gains in TCS, Infosys, Reliance,  and Asian Paints. Sensex touched a high of 28,432.74 and touched a low of 28,319.79 in morning trade. 

Nifty reclimbed its psychology support level of 8,700 by gains in realty power, capital goods and consumer durables. Nifty trading at 8738.80, marginally higher 13.80 points or 0.16 percent. Nifty touched a high of 8,768.50 and touched a low of 8,733.45 in early trade. 

BSE midcap trading at 13293.53, up 0.25 percent. BSE smallcap index rose 0.50 percent at 12952.38. 

Bank Nifty rallied 0.8 percent at 19607.85. The Indian rupee opened at higher by 7 paise at 66.53 per dollar against the previous close of 66.60. 

TCS, Asian Paints, Sun Pharma, Coal India, and Reliance are the top gainers while Bharti Airtel, ICICI Bank, ONGC, Larsen, Adani Ports are  the major losers in the Sensex.

Trading Advice for Today by Experts - 

Axis Bank - Buy, Stoploss - 562 Rs, Target - 530 Rs

CEAT - Sell, Stoploss - 1205 Rs, Target - 1150 Rs

Coal India - Buy, Stoploss - 330 Rs, Target - 338 Rs

Equity benchmarks remained under pressure | Nifty fell over 39 pts

The Equity benchmarks opened in caution note. The market remained under pressure with the Sensex around 28,500 and Nifty trading at the crucial support level of 8,700. 

Sensex down 127.25 points or 0.45 percent at 28540. While Nifty trading at 8793.25, lower by 38.50 points or 0.44 percent.

The market breadth was positive as about 1060 shares advanced against 859 declining shares on the Bombay Stock Exchange.

The broader market outperforms with the BSE midcap index gained 0.14 percent at 13350.15. BSE smallcap index up 0.17 percent at 12981.57. 

Bank Nifty down 0.86 percent at 19731.60. The Indian rupee opened at 66.75 pre dollar, lower by 10 paise on Monday versus 66.65 Friday.

Sensex Gainers - Reliance 1.77%, Tata Steel 0.70%, Dr Reddys Labs 0.66%,  Coal India 0.62%, TCS 0.48%.

Sensex Losers - Bharti Airtel 2.46%, ICICI Bank 2.13%, GAIL 1.38%, ITC 1.30%,  M&M 1.30%. 

Trading Advice for Today by Experts - 

BUY    SBI, Stoploss - 245 Rs, Target - 258/260 Rs

BUY    Reliance Infra, Stoploss - 580 Rs, Target - 625 Rs

SELL  Sun TV, ( for intraday ), Stoploss - 501 Rs, Target 488 Rs

Wednesday Stock in the news | Nifty reclimbed 8,800

Wednesday in early trade, The equity benchmarks opened on caution note and trade marginally higher. Nifty reclimbed its crucial support level of 8,800. Yesterday, after closing down note. Nifty manage its psychological level. 

Sensex trading at 28665.15, higher 141.86 points or 0.47 percent. Sensex touched a high of 28,681.34 and touched a low of 28,529.93 in morning trade. Nifty up 42.70 points or 0.50 to 8819.80. Nifty touched a high of 8,824.40 and touched a low of 8,778.40 in early trade. 

About 1503 shares advanced against 647 declining shares on the Bombay Stock Exchange. 

The broader market seems positive note. BSE midcap index trading at 13188.41, up 0.52 percent. BSE smallcap index up 0.82 percent at 12902.34. 

Bank Nifty gained 0.32 percent to 19915.95. The Indian rupee opened marginally higher at 66.99 per dollar against 67.01 Tuesday.

Sensex Gainers - Bajaj Auto 2.15%, Tata Motors 1.17%, Tata Steel 1.01%, Hero Motocorp 1.00%, Adani Ports 0.87%.

Sensex Losers - ICICI Bank 0.44, Coal India 0.21%, M&M 0.07%, TCS 0.05%, Maruti Suzuki 0.05%.

Stock Trading Tips by Experts - 

HINDZINC       -     Buy, Stoploss - 218 Rs, Target - 226 Rs

HEXAWARE    -    Sell, Stoploss - 198 Rs, Target - 191.50 Rs

APTECHT        -    Buy, Stoploss - 165 Rs, Target - 176 Rs

HINDUNILUR  -   Sell, Stoploss - 913 Rs, Target - 882 Rs

Stock in the news and Experts Stock Tips

On last day of the week, Equity benchmarks opened the red note and traded marginally lower. Nifty was trading around its crucial level of 8,650 supported by  a gain in Metal, Capital Goods, Oil & Gas and Auto shares. Sensex slipped 54.35 or 0.19 percent at 28151 in morning trade, led by losses in ICICI Bank fell more than 2 percent followed by HDFC Bank, Bharti Airtel, and Infosys. It touched a high of 28,233.47 and a low of 28,076.48 in early trade. 

Nifty was trading 8658.15 down 8.20 point or 0.09 percent. It touched a high of 8,670.35 and a low of 8,636.20 in morning trade. The market breadth positive as about 1054 shares advanced and 741 shares declined on BSE.  

The Indian rupee opened flat at 67.04 per dollar versus 67.04. The broader market outperformed with BSE midcap rising 0.8 percent. 

Bajaj Auto, Tata Steel, M&M, Cipla, Sun Pharma were top gainer in morning trade. ICICI Bank, BHEL , Bharti Airtel, HDFC, Wipro were a major loser on BSE. 

Today's Stock Advice By Experts - 

Jubilant Foodworks - Buy with Stoploss at Rs 45 and Target of Rs 75

Reliance Infra - Buy with Stoploss at Rs 564 and Target of Rs 590

ITC - Buy with Stoploss at Rs 249 and Target of Rs 265

Tata Steel - Buy with Stoploss at Rs 340 and Target of Rs 372

Stock Market Updates | Nifty holding 8,600

On Thursday Equity benchmarks opened higher in early trade. Nifty holding its crucial support level 8,600. Sensex gained 87.13 points or 0.31 percent at 28,115. It touched a high of 28,144.32 and a low of 28,064.90 in morning trade. Nifty was trading 23.35 points or 0.27 percent at 8,639. It touched a high of 8,648.65 and a low of 8,626.35 in morning trade.

Midcap and smallcap shares showing higher on Bombay Stock Exchange. BSE midcap index was trading 0.20 percent and BSE smallcap index was up 0.49 percent. 

About two shares advanced for every share declining on the Bombay Stock Exchange. 

The Indian rupee opened higher by 8 paise at 67.06 per dollar versus 67.14. 

Bank Nifty showing positive with 0.4 percent at 19,090. 

Realty ( up 0.8 percent ), Pharma ( up 0.5 percent ), and Auto ( up 0.4 percent) were positive on Nifty. 
Asian Paints ( up 6.89 percent ), Maruti Suzuki ( up 1.97 percent ), Sun Pharma ( up 1.15 percent ), ITC ( up 0.97 percent ), SBI  ( up 0.94 percent ), TCS ( up 0.79 percent ) were top gainer on the Sensex. 

Tata Steel ( down 1.74 percent ), Larsen ( down 1.01 percent ), Infosys ( down 0.71 percent ), Tata Motors ( down 0.46 percent ), Axis Bank ( down 0.45 percent ) were the major loser on the Sensex. 

Today's Experts trading tips - 

L&T Finance - Buy, Stoploss - 82.4 Rs, Target - 89 Rs

United Spirits - Buy, Stoploss - 2470 Rs, Target - 2650 Rs

Adani Ports -  Buy, Stoploss - 224 Rs, Target - 235 Rs

                         

Today's Stock news & Experts Tips

Today Sensex down 46.63 points or 0.17 percent  to 27230.28. Nifty declined 17.80 points or 0.21 percent to 8352.90. BSE midcap indices rose 0.2 percent. BSE smallcap increase 0.3 percent. About 1049 shares advanced, 861 shares declined on BSE. The Indian rupee weakened 7 paise at 67.34 against the US dollar. while on Monday,  the Indian rupee closed up 5 paise at 67.26. ITC, Adani Ports, ICICI Bank, Tata Steel and Bharti Airtel are top gainer. Bajaj Auto, ONGC, and Wipro are loser in Sensex. UltraTech Cement touched a record high of Rs 3,600, up 5.5 percent intraday. Jaiprakash Associates gained 37.7 percent on Tuesday.

Today's Experts Tips-

Glenmark Pharma- Buy, Stoploss- 812 Rs, Target- 860 Rs

Arvind- Buy, Stoploss- 330 Rs, Target- 360 Rs

Mahindra Holidays- Buy, Stoploss- 418 Rs, Target- 438 Rs

Engineers India- Buy, Stoploss- 206 Rs, Target- 219 Rs

Today news and Expert Stock Tips

Today Sensex declined 9.52 points at 26,338. and Nifty down 6.20 point at 8082.40. About 339 shares declined 1057 shares have advanced, and 98 shares unchanged. BSE midcap index gains 0.4 percent at 11,358. BSE smallcap index gain almost 0.9 percent at 11,358. While Nifty 50 midcap index bounces 0.6 percent at 11,380. The Indian rupee opened lower by 11 paise at 68.07 per dollar. While the Friday's trading closed at 67.96 and rupee fell by 72 paise.

L&T, Axis Bank, SBI, Dr Reddy's Labs and BHEL are top gainers while Infosys, TCS, Maruti, Wipro and Reliance are the loser in Sensex.

Today's Experts Tips-

Bajaj Auto- Buy, Stoploss- 2620 Rs, Target- 2730 Rs

IOC- Buy, Stoploss- 405 Rs, Target- 442 Rs

Exide- Buy, Stoploss- 160 Rs, Target- 175 Rs

Hexaware- Buy, Stoploss- 226 Rs, Target- 242 Rs

Yes Bank- Buy, Stoploss- 1068 Rs, Target- 1120 Rs