2 June 2014

Free Afternoon Intraday Stock Tips Live Market Updates

The Intraday market is seeing strong gains with support from banks, capital goods, oil & gas and auto stocks. The Sensex is up 375.57 points or 1.55 percent at 24592.91 and the Nifty is up 110.75 points or 1.53 percent at 7340.70. About 1765 shares have advanced, 974 shares declined, and 101 shares are unchanged. Bank and financial stocks are in focus with SBI, HDFC and Axis Bank gaining 3 percent each ahead of Reserve Bank of India's monetary policy review.
The RBI is likely to keep rates unchanged when it reviews its monetary policy on Tuesday, its first under the new government spearheaded by Narendra Modi. L&T, SBI, ONGC, HDFC and Axis Bank are top gainers in the Sensex. Among the losers are HUL, Sun Pharma,Wipro, ITC and Dr Reddy's Labs.
Aurobindo Pharma shares fell more than 5 percent intraday despite strong numbers in the fourth quarter. Fall in the stock may be due to profit booking as it rallied more than 11 percent in last two weeks. Consolidated net profit of the healthcare company grew 362 percent on yearly basis to Rs 501.8 crore and net revenue jumped 48.5 percent to Rs 2,306 crore in the quarter ended March 2014.

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