The first trading day of the week, the Indian market is seeing a slight edge. Power, PSU, oil & gas, capital goods, pharma and FMCG stocks managed to make gains on the strength of the domestic market. IT, auto, technology, consumer durable and realty stocks are seeing. BSE tips Midcap and Smallcap stocks like the legendary little bit of shopping approach.
The BSE 30-share Sensex index of leading with 83.5 points, ie 0.4 % is trading at 19 479. The NSE tips Nifty 50-share key index gained 23.5 points, ie, 0.4 % is trading at 5866 levels.
The market turnover Jindal Steel, Tata Power, Sterlite Industries, BHEL, NTPC, Bank of Baroda and heavyweight stocks like Sesa Goa looks to bounce around 3.5 to 2 %. However, Infosys, Bajaj Auto, Wipro, TCS, HUL, giants like HCL Tech and BPCL shares have weaken from 1.4 to 0.2 %.
Advantage in international markets are increasingly getting gold in the domestic market. Despite strong domestic rupee has gained momentum in the gold market. With 1.5 % Comaks gold has reached $ 1243. Comaks with silver 1 % growth reached 19.6 dollars. Naimaks modest 0.1 %, while crude oil is trading below $ 96.5 with osteoporosis.
The MCX gold is trading around 0.3 % higher at Rs 25 750. However, silver rose marginally to 0.1 %, to Rs 40 235 is reached. MCX crude oil slipped 0.5 % to Rs 5,730 has come close. Natural gas has dropped to 0.25 %.
Get Share Tips:
Hexaware Technology (2-3 days Buy) stop loss Rs 85 target Rs 94
Reliance Industries (Buy for 2-3 days), stop loss Rs 830 target Rs 895
Yes Bank (4-5 days Buy) target of Rs 454 with stoploss of Rs 469
Reliance Capital (4-5 days Buy) target of Rs 329 with stoploss of Rs 345
Union Bank of India (Buy for 10 days), stop loss Rs 180 target Rs 200
Dabur India (Buy for 10 days), stop loss Rs 150 target Rs 180
ICICI Bank (hereafter Buy) target stoploss of Rs 1087 to Rs 1056
REC (1-2 Day Buy) stop loss Rs 198 target Rs 206