Sensex strong, Nifty at 8900
The market is still holding up gain. The Sensex is up 213.77 points or 0.7 percent at 29433.89 and the Nifty is up 55.85 points or 0.6 percent at 8900.45. About 1032 shares have advanced, 308 shares declined, and 120 shares are unchanged.
All eyes are on the fiscal deficit number. FM Arun Jaitley is expected to remain committed to the path of fiscal consolidation. The government is likely to meet the fiscal deficit target of 4.1 percent in FY15 and aim for 3.6 percent in FY16. Gross market borrowings are likely to inch up to Rs 6.23 lakh crore in FY16.
The S&P 500 gained 5.5 percent for the month, while the Nasdaq rose 7.1 percent, its best monthly performance since January 2012. The strong gains have pushed the Nasdaq within striking distance of the 5,000 mark and record highs set in March 2000. A separate economic report showed a gauge of business activity in the US Midwest dropped to its lowest reading since July 2009 in February.
Today Stock Trading Tips:
·BUY MCX (LCP-1054.35) ABOVE 1057 TG-1067-1080
·BUY BFINVEST (LCP 179.55) ABOVE 181 TG-184-188
·BUY WOCKHARDT (LCP 1584.35) ABOVE 1587 TG-1597-1610
·BUY ROLTA (LCP-177.25) ABOVE 178.5 TG-181-185
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