Stock Cash Premium Tips: Sunpharma Up 3% and Nifty Open Higher

Stock market has opened with some gains on Thursday. Sensex is up 83.47 focuses at 25185.20 and Nifty up 22.90 focuses at 7729.45. Sun Pharma, Adani Ports, Hero MotoCorp, Tata Motors and Lupin are gainers while ITC, Tata Steel and Dr Reddy's Labs are washouts in the Sensex. The Indian rupee opened imperceptibly bring down by 4 paise at 66.59 for each dollar.

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SKS Microfinance reported more than two-fold bounce in standalone net benefit at Rs 84.47 crore for the last quarter finished March 2016. 

Jindal Steel and Power (JSPL) contracted its merged net loss to Rs 371 crore in January-March quarter of 2015-16, improved by higher steel deals and cost improvement measures.

Latest News Stock Market End Lower

Nifty has ended below 7850 and Sensex slipped 207.27 points

• Coal India, BHEL, Lupin, ICICI Bank and TCS were losers in the Sensex
• Bharti, HDFC, Tata Steel, Tata Motors and L&T are gainers in the Sensex.

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The Indian IT infrastructure market will increase marginally to USD 1.93 billion this year whereas by 2020, it is likely to grow to USD 2.13 billion, Gartner said today.

Gold prices recovered by Rs 50 to Rs 30,250 per 10 grams at the bullion market today, tracking a firm trend overseas amid fresh buying by jewelers.

Equity Market Closing Bell with Intraday Equity Tips

Equity Tips:

• BUY DLF 115 PUT ABOVE 4.2 TARGET 4.6-5.2-6.2 WITH SL 3
• SELL ARVIND FUTURE BELOW 277.5 TARGET 276-274-270 WITH SL 281
• SELL AJANTA PHARMA FUTURE BELOW 1412 TARGET 1407-1400-1390 WITH SL 1430
• SELL MARUTI FUTURE BELOW 3760 TARGET 3745-3725-3690 WITH SL 3800-3840

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 Equity Market Closing Bell:

The BSE Sensex and NSE Nifty snapped four -day winning streak on Monday. Finally BSE Sensex ended with a loss of 371 points at 24,966. The BSE Sensex opened at 25,417, touched an intra-day high of 25,433 and low of 24,895.

The NSE Nifty closed with a loss of 101 points at 7,615. The NSE Nifty opened at 7,741 hitting a high of 7,749 and low of 7,588. The losses in realty, metals, consumer durables, telecom, pharma,  counters weighed on the index.

Kotak Mahindra Bank, Bosch, Power Grid, NTPC, Ambuja Cement were among the gainers on NSE, whereas Vedanta, Hindalco, Tata Steel, Sun Pharma and SBI were among the losers today.

On the global front, China’s Shanghai Composite Index closed down by 0.73% and Hang Seng slipped 1.3%.

The European stock markets are closed for the Easter Monday holiday.

The Indian Rupee was trading up by 6 paise at 66.58 per US dollar.

Live Equity Market Updates: Nifty hovers around 7700

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Equity benchmarks were marginally under pressure in morning trade with the Sensex falling 61.04 points to 25276.52. The Nifty declined 18.25 points to 7698.25, dragged by banking & financials, pharma, FMCG and capital goods stocks. 

The broader markets too were down 0.4 percent on weak market breadth. About 934 shares declined against 800 advancing shares on Bombay Stock Exchange.

Shares of HDFC, Sun Pharma, ICICI Bank, Tata Motors, Axis Bank, Hindalco Industries and Tata Steel topped selling list on Sensex, down 1-3 percent while TCS and Adani Ports gained over a percent.