Live Stock Market News ; Sensex recovers from Rajan's exit news, rupee under pressure

As expected the Indian stock markets opened the week on a bearish note with the rupee tanking nearly 1%, sensex down about 0.6% and government bond yields hardening 3-4 paise, but the recovery in the stock marker was quick, although rupee struggled. Get Live market updates trading tips on www.marketmagnify.com or for current market updates just give Missed Call @78-79-88-11-22

After opening about 150 points lower at 26,476, on the RBI governor Raghuram Rajan's decision on Saturday to not seek another term after his current one ends in early September, the index recovered and at 1015IST, it was up 65 points at 26,691.

Indian Rupee, however, was still in the red, trading at 67.54 to the dollar, weaker by about 50 paise from its Friday close. In the bond market, the benchmark yield on the 10-year government bond was at 7.53%, up from 7.50% on Friday. 

The Indian market is still making steady gains after knee-jerk reaction to Reserve Bank of India's governor Raghuram Rajan not continuing for second term. The Nifty is below 8200-mark, up 14 points or 0.2 percent at 8184.20. 

The Sensex is up 66.11 points or 0.2 percent at 26692.02. Infosys, L&T, TCS, Hero MotoCorp and ONGC are top gainers while Axis Bank, Asain Paints, Lupin, ICICI Bank and Coal India are losers in the Sensex. 

Get Stock Market Trading Calls for Tomorrow ; Sensex, Nifty Sluggish

Today The Indian stock market is still under pressure as the Nifty hovers around 8100. The 50-share index is down 14.85 points or 0.2 percent at 8095.75 and the Sensex is down 34.66 points or 0.1 percent at 26362.11. About 1536 shares have advanced, 835 shares declined, and 133 shares are unchanged.Get More Market Updates Trading Calls Just Visit on www.marketmagnify.com or Give Missed Call at +91-78-79-88-11-22

TCS, Hero MotoCorp, Asian Paints, HUL and Bajaj Auto are losers in the Sensex while Adani Ports, SBI, Cipla, GAIL and Tata Motors are gainers. Gold fell Rs 56 to Rs 30,568 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas. 

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Get Buy Sell Ideas Tips Today ; Six stocks that you can bet on June 10

There is a sharp surge in stock market supported by rally in index heavyweights. The Sensex is up 173.75 points or 0.6 percent at 26937.21, and the Nifty up 51.80 points or 0.6 percent at 8255.40. About 1419 shares have advanced, 656 shares declined, and 105 shares are unchanged. Get More Valuable Market Updates Just Visit Now - www.marketmagnify.com or just give one missed call on Missed Call at +917879-88-11-22 .

BHEL, M&M, Lupin, Adani Ports and Cipla are top gainers while Asian Paints, Tata Motors and Bhrati are losers in the Sensex. Crude prices dipped further in Asia on a stronger dollar, dampening a rally that saw the commodity hitting 11-month highs earlier in the week.

Buy Sell Ideas for Today :- 

• Buy Jindal Steel & Power on dips for medium term. Keep a stop loss at Rs 58 for short term. 
• Stay invested in BHEL if looking at medium to long term. Add more in small quantities at declines. 
• Buy SAIL with a target of Rs 49 and a stop loss at Rs 43.50 
• Buy Dhampur Sugar with a target of Rs 108 keeping a stop loss at Rs 97.80 
• Buy Dewan Housing with a target of Rs 227 keeping a stop loss at Rs 202 
• Sell Dr Reddy's Labs with a target of Rs 2970 and a stop loss at Rs 3150 
• Sell Marico with a target of Rs 242 and a stop loss at Rs 255 
• Buy Welspun Corp with a target of Rs 77 and a stop loss at Rs 60