Markets closed lower on after the RBI kept the key repo rate unchanged

share market tips, Equity Tips, Market UpdateIndian stock markets closed lower on Wednesday after the RBI kept the key repo rate unchanged. BSE Sensex lost 205.26 points to settle at 32,597.18 whereas NSE Nifty tripped 74.15 points to conclude at 10,044.10.
RBI’s Monetary Policy Committee did not make any changes in the current interest rates after the MPC meet held on today. As announced by the Apex bank, current interest rates remain unchanged with the repo rate at 6%, reverse repo rate at 5.75% and cash reserve ratio at 4%.
The heavyweight stocks such as HDFC Bank, ICICI Bank, State bank of India, ITC, L&T, Sun Pharma and Tata Motors contributed the most to the Sensex decline.
In Nifty, shares of Reliance rose 1.6%, Tech Mahindra rose 1.4%, Maruti Suzuki advanced 1.37%, HUL spiked 1.10% and Ambuja cement rose 0.98% which were the top gainers.
The top losers in Nifty include stocks such as Bosch down by 3.84%, Hindalco by 3.15%, Bharti Infratel down 3.01%, Eicher Motors fell 2.73% and Vedanta down 2.39% as the top losers in today’s trade.

 

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Markets closed lower on Tuesday; Nifty closed in red losing 0.1%

Intraday Trading Tips, Stock Tips TomorrowIndian stock markets closed lower on Tuesday in a lackluster trade ahead of the outcome of RBI’s bi-monthly policy due for later tomorrow. BSE Sensex dropped 67.28 points to end at 32,802.44 while NSE Nifty shed 9.5 points to finish at 10,118.25.
Nifty closed in red losing 0.1 percent while Nifty Bank gave a sharp recovery in last the last hours of the trade, regaining almost all that it lost during the day. Nifty Future closed with slight loss of 0.13% at 10,146. Built up of long position were seen in Hexaware, Shriram Transport Finance, Jet Airways  Just Dial, Amara Raja Battery, Biocon, Tata Elexsi and Mcdowell while short-positions were seen in Mahindra and Mahindra, IRB, Hero MotoCor,  KPIT, Mindtree, NTPC, UPL, Eicher Motor and Grasim.
Shriram Transport Finance and Jet Airways were the biggest Future & Option gainers in the trade, gaining approx, 6% each.  HDFC Bank and ITC dragged the Nifty index most while PSU banks were among the outperformers.
Shriram Transport Finance and Jet Airways managed to close positive after the negative streak of last 5 trading sessions and it carried on its formation of lower highs & lower lows and needs to hold above 25,200 zones to keep the short-term stability, while on the downside, next support exists at 25,000 then 24,750 levels.

Stock Tips Tomorrow

BUY KEI ABOVE 412 TARGETS 418, 424, 430 STOP LOSS 400
BUY ISFT ABOVE 832.5 TARGETS 844.5, 856.5, 868.5 STOP LOSS 808.5

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Sensex breaks 8-day rally as GDP data looms- Intraday Trading Tips for Tomorrow

equity trading tips, Market news, Market down, Buy SellThe benchmark snapped an 8-session gaining streak to end lower on Tuesday with Sensex settled down 105.86 while the 50-share NSE Nifty dropped 29.30 points, at 10,370.25. The index had risen 964 points in the last eight trading sessions on the back of continued buying by domestic institutional investors and Moody’s India’s sovereign rating upgrade.
Shares of Maruti Suzuki, HDFC, Coal India, Bajaj Auto Asian Paints gained up to 1.5 percent while NTPC, Tata Motors, Bharti Airtel, Infosys, ONGC, ICICI Bank, Sun Pharma, Kotak Mahindra Bank, Reliance Industries and SBI lost up 1.9 percent.
All sectoral indices in NSE ended the day in red except Nifty Auto, Nifty FMCG, and Nifty Media.  Nifty PSU Bank stocks were the top sectoral loser at 3,984.85, down 1.10%, while on down side, shares of Indian Bank (-2.57%), Bank of Baroda (-2.05%), Union Bank (-1.73%) and PNB (-1.53%) were the major drags.

Intraday Trading Tips for Tomorrow

BUY TALBROAUTO ABOVE 298.5 TARGETS 303, 307.5, 312 STOP LOSS 289.5

BUY SADBHIN ABOVE 147 TARGETS 149.2, 151.4, 153.6 STOP LOSS 142.5

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