Showing posts with label share market tips. Show all posts
Showing posts with label share market tips. Show all posts

Tuesday 1 July 2014

INDIAN BENCHMARKS gains led by auto, metal shares.



INDIAN EQUITY BENCHMARKS gained for the third straight day, amid strong buying interest from foreign institutional investors, with auto and metal shares leading the gains.



Further, Maruti Suzuki ended up 6% , after reporting a 33.5% year on year increase in its total sales for June at 1,12,773 units. It had sold 84,455 units in the same month last year. Sterlite Technologies gain after it bagged nearly Rs 2500 crore of contracts from BSNL to implement end-to-end rollout of optical fiber network for defense services.

The crucial resistance for Nifty is now seen at 7665 and above this 7700. Support for the immediate term is now placed at 7600 and next support will be 7530.


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Monday 30 June 2014

INDIAN BENCHMARKS edge higher… power and capital goods drive the rally


INDIAN EQUITY BENCHMARKS maintained its momentum supported by heavy buying in financials, infra and power shares amid strong global cues. Fiscal deficit figures for the month of May and auto numbers for the month of June will be announced today.

Further, Ranbaxy rose 3% extending its Friday’s 5% rally, after US Food and Drug Administration's nod for generic version of Novartis blood pressure drug Diovan. Cipla surged 0.8% after signing a definitive agreement to acquire a 51% stake in a pharmaceuticals manufacturing and distribution business in Yemen (owned by a UAE-based parent company) for $21 million.

The crucial resistance for Nifty is now seen at 7625 and above this 7665. Support for the immediate term is now placed at 7530 and next support will be 7480.

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Friday 27 June 2014

INDIAN BENCHMARKS end flat, amid choppy trade.



INDIAN EQUITY BENCHMARKS ended flat, amid a choppy trading session, as investors turned cautious on concerns that the weak monsoon would further accelerate inflation while the continuing crisis in Iraq also weighed on sentiment.

Further, Reliance Capital ended up 1.7% on a report that Japan's Sumitomo Mitsui Trust Holdings Inc may buy 10% stake in the Anil Ambani-owned company by paying $400 million for new shares. Dr Reddy's Labs closed 1.7% higher after the pharma major launched duloxetine delayed-release capsules USP 20 mg, 30 mg and 60 mg in the US market.

The crucial resistance for Nifty is now seen at 7570 and above this 7595. Support for the immediate term is now placed at 7480 and next support will be 7440.

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Thursday 26 June 2014

INDIAN BENCHMARKS end lower on June F&O expiry



INDIAN EQUITY BENCHMARKS ended 1% lower following the expiry of June F&O series dragged down by oil shares after the government defers its decision on gas price hike by three months till December 31, 2014.

Further, ITC marginally positive after Morgan Stanley upgraded the stock to overweight from equal-weight and increased the price target to Rs 400 rupees from Rs 360. Aban Offshore closed nearly 5% up after Macquarie upgraded the stock from underperform to outperform and raised its target to Rs 1,090 from Rs 430.

The crucial resistance for Nifty is now seen at 7570 and above this 7595. Support for the immediate term is now placed at 7480 and next support will be 7440.


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Wednesday 25 June 2014

INDIAN BENCHMARKS end lower ahead of June F&O expiry



INDIAN EQUITY BENCHMARKS ended lower as investors turned cautious and booked profit ahead of the expiry of June F&O series tomorrow even as auto stocks firmed up in late trades on reports that the lower excise duty on auto and capital goods has been extended till December.

Further, DLF ended down 1% on the back of fair trade regulator CCI ordering a fresh probe against the company. Shares of Maruti Suzuki was up 3% after Finance minister Arun Jaitley said that the excise duty on automobiles was extended to a further period of six months.

The crucial resistance for Nifty is now seen at 7590 and above this 7660. Support for the immediate term is now placed at 7515 and next support will be 7450.




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