Equity Nifty News Updates - Today Stock Market Crash 2016

The Indian stock market opened the week on a sluggish note with investors not too keen on building up positions, despite positive global cues. Ahead of the onset of the reporting season, the mood in the market was by and large cautious. For more Live Stock Market Calls Visit Us www.marketmagnify.com/freetrial.php or Get Free Trials Just Call @911-110-48-06

 

Sensex ends 35 points downThe BSE benchmark Sensex ended up 34.62 points or 0.13% at 27,201.49, after having rallied to a high of 27,288.22 intraday. The Nifty50 of the National Stock Exchange, which rose to 8361.95, closed at 8337.90, recording a gain of 1.95 points or 0.02%.

Nifty breaks 8300, Sensex falls 100 pts; Tata Motors gains 2% :-
Lupin and Tata Motors were top gainers in early trade, up 2 percent each followed by Sun Pharma, BHEL, Hero MotoCorp and Aurobindo Pharma while Tata Steel, ITC, ONGC, Bharti Airtel, ICICI Bank, Idea Cellular and Bharti Infratel were losers.

Healthcare and FMCG stocks moved up. A few stocks from banking, consumer durables, power and realty sectors closed higher. Information technology stocks traded weak, while automobile, capital goods, metal and oil stocks turned in a mixed performance. Midcap and smallcap stocks were mostly subdued.

Lupin ended stronger by 7.8%. Dr Reddy's Laboratories moved up 2.7%, Cipla gained 2% and Sun Pharmaceutical Industries closed 0.7% up. Cadila Healthcare, Piramal Enterprises and GlaxoSmithKline Pharmaceuticals also closed on a firm note.

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

Stocks in Focus Today ; Current Market News

If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Get Best Stock Market Tips Visit Us on - www.marketmagnify.com or for current market status just give one missed call at +917879-88-11-22.

The Indian Stock market continued to be in tight range above 27000 level after pricing in RBI policy and Federal Reserve c hairperson Janet Yellen's comments in previous session. The Sensex rose 35.48 points to 27045.15 and the Nifty advanced 3.20 points to 8269.65. The broader markets marginally outperformed benchmarks, rising 0.3 percent as about 1032 shares advanced against 632 declining shares on Bombay Stock Exchange. 

Tata Motors was the most active stock on BSE after brokerages maintained overweight rating on the stock, saying Jaguar F-Pace, XF & XJ and Discovery Sport will drive further growth. Astra Microwave, SpiceJet, SBI, Ujjivan Financial, Infosys and L&T were other most active shares. Bharti Airtel rallied 2.5 percent after telecom commission stuck to a 3 percent spectrum usage charge (SUC) on future spectrum across all spectrum bands.

After a positive start despite somewhat weak global cues this morning, the Indian stock market pared some gains due to profit taking in the banking space. Buy Tata Motors. The stock is likely to see further upside in the near term. Add at declines for medium term. Buy Crompton Greaves at current levels and add more at declines for medium term.