Intraday Stock Cash Tips
BUY HEG (LCP-184.85) ABOVE 188 TG-190.5-194
BUY RUSHIL (LCP 229.1) ABOVE 232 TG-236-241
BUY 8K MILES (LCP-1784.05) ABOVE 1790 TG-1803-1819
BUY ESS DEE (LCP 358.25) ABOVE 361 TG-365-370
The market rallied smartly in early trade, reclaiming 8200 on the Nifty led by banking & financials, oil and technology stocks. The Sensex rose 274.91 points or 1.02 percent to 27120.72 and the Nifty rose 78.15 points or 0.96 percent to 8207.50. About 806 shares have advanced, 140 shares declined, and 29 shares are unchanged on the BSE. Vedanta topped the buying list on Sensex, up 3.66 percent. Hindalco, ONGC, Tata Steel, SBI, PNB and Cairn India gained 1.5-2 percent.
Kishore Biyani's Future Group is all set to announce a tie-up with Baba Ramdev’s Patanjali. The former will get exclusively right to see the latter’s products in Future outlets like Nilgiris, Food Bazaar, Food Hall and Big Bazaar. Fast moving consumer goods (FMCG) major Patanjali is no small fish in the market. The company has surpassed listed companies like Proctor and Gamble, Emami and Jyothy Labs in terms of annual revenue. With revenue of Rs 2,500 crore, its valuation goes up to a whopping Rs 14,000 crore. Patanjali Group is targeting revenues of about Rs 5,000-10,000 crore in the next few years. It also plans to launch new products including instant noodles, malted food and oral care.
- Indian mkts ended downside. Nifty and Sensex down by 0.59% and 0.70%
- Asia Pacific market mixed. Jakarta up by 0.10% & Nikkei down by 1.00%.
- Wall St. up. USD Core Retail Sales down to 0.1%. Dow future down by 35 pts.
Indian indices remained volatile and closed on negative note amid global cues. On sectorial front all major indices traded downside including, Infra, FMCG and Realty except Metal Sector up by 0.54%. Sensex was down by 190 points at 26845 & Nifty down by 48 points to settle at 8129 level. European markets traded mixed.
Indian Rupee Update
The Indian rupee gained past 65 a dollar in early trade on Friday. It has opened higher by 15 paise at 64.90 per dollar versus 65.05 Thursday.We see the range for today between 64.70-65.50/dollar
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