4 February 2016

Best Intraday Stock Tips Live Market Overviews

Market Outlook:-

  • Equity benchmarks trimmed gains in last hour of trade. The Sensex rose 41.85 points to 24265.17 and the Nifty advanced 13.80 points to 7375.60.
  • The market breadth turned negative as about two shares declined for every share advancing on the Bombay Stock Exchange.
  • The shares were allotted to anchor investors at a price of Rs 850 apiece, the upper end of the price band. The IPO would close today and the price band is Rs 785-850 per share. At the upper end, the share sale can fetch Rs 423 crore.
  • Hindalco, ONGC, L&T, Infosys, Adani Ports are top gainers while Lupin, GAIL, NTPC, Cipla and SBI are among losers in the Sensex.
  • The Indian economy is looking in much better shape than it was, say, six months ago and both the consumption and investment engines are picking up, says Neelkanth Mishra, India Equity Strategist for Credit Suisse, who says this has implications for a number of sectors whose stocks will make for a good investment.
  • The initial public offer of staffing firm TeamLease Services has been oversubscribed by 1.83 times till afternoon on the last day of the offer today.  
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Live Accurate Intraday Trading Market Recommendations

The market rebounded in early trade Thursday after losing nearly 700 points on the Sensex in previous three consecutive sessions. The Sensex rose 165.59 points to 24388.91 and the Nifty climbed 49.65 points to 7411.45.
             The Indian rupee gained in the early trade today. It has opened higher by 22 paise at 67.85 per dollar against 68.07 Wednesday.
            Godrej Consumer is in process to buy majority stake in Kenya-based company Canon Chemicals. This will be an all cash deal where Godrej will enjoy a 75 percent stake in the profit-making branch. Canon deals in personal and household care products and has been reporting strong earnings over the last three years, says Adi Godrej, Chairman, Godrej Group.
             Asian markets were trading mixed with the Shanghai, Hang Seng and Kospi rising over a percent.
               Asian shares rallied on Thursday as speculation the U.S. Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices.

2 February 2016

Afternoon Intraday Trading Updates By CapitalHeight

The Sensex dropped 173.63 points or 0.70 percent to 24651.20 and the Nifty fell 60.35 points or 0.80 percent to 7495.60.
        Rising for the third straight day, gold today advanced by Rs 115 to trade at over three-month high of Rs 27,300 per ten grams on persistent buying by jewellers to meet the wedding season demand, amid a firming trend overseas.
          Bullion traders said apart from a firming global trend where gold soared to a three-month high, pick-up in buying by jewellers to meet the ongoing wedding season demand mainly upped the sentiment here.
           Besides, a weak rupee against the dollar that made the imports costlier, supported the upside in gold prices. However, silver eased by Rs 60 to Rs 34,870 per kg due to reduced offtake by industrial units and coin makers.
             Home textile company Welspun India 's third quarter consolidated profit increased 21 percent year-on-year to Rs 174.08 crore, aided by revenue, operating profit and lower finance cost.   


Latest Market News with Today Indian Trading Tips

The market has opened flat ahead of Reserve Bank of India's monetary policy review. The Sensex is up 42.63 points or 0.2 percent at 24867.46, and the Nifty is up 6.40 points or 0.08 percent at 7562.35. About 452 shares have advanced, 253 shares declined, and 32 shares are unchanged.                   www.capitalheight.com/about.php  
Market Oulook:- 
  • The Indian rupee opened flat at 67.85 per dollar against previous close of 67.84.
  • ONGC, GAIL, HDFC, Bajaj Auto and ITC are major losers while Adani Ports, Sun Pharma, Tata Motors, Dr Reddy's Labs and Maruti are gainers in early trade.
  • Global manufacturing expansion accelerated slightly but remained weak at the start of 2016 as faster growth in developed markets failed to offset a contraction in emerging economies.
  • The Reserve Bank of India (RBI) is expected to wait until after the government's annual budget statement at the end February to decide on whether to cut interest rates further, rather than take the plunge at a policy review on Tuesday.  
  • Asian shares wobbled on Tuesday as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum.
  • Sun Pharma (SUN.NS) launched a generic version of Novartis's (NOVN.VX) leukaemia drug Gleevec on Monday in the United States and hopes to poach a third of sales in six months by pricing the copycat some 30 percent cheaper, Sun's North American chief executive said.