The Equity Stock Market continues to rally supported by
capital goods, oil & gas and Pharma stocks. The Sensex is up 153.26 points
or 0.6 percent at 26578.56 and the Nifty is up 36.00 points or 0.4 percent at
8018.90. About 1207 shares have advanced, 806 shares declined, and 135 shares
are unchanged. Sun Pharma, M&M, L&T, Wipro and Reliance are top gainers
in the Sensex. Among the losers are Infosys, SBI, NTPC, Vedanta and GAIL.
The stock market, which rallied sharply after a weak start, retreated and pared some gains before edging higher again as buying resumed at some heavyweight counters. The overall mood is cautious with a slightly positive bias.The Sensex is up 150.50 points or 0.57% at 26,575.80. The Nifty index of the National Stock Exchange is at 8021.50, up 38.60 points or 0.48%.
Metal stocks are likely to remains sluggish in the near term. One with a long term view can accumulate stocks like Tata Steel, Hindalco and SAIL at declines. Buy Reliance Industries (Rs 899) at declines for medium term. For near term, hold with a stop loss around Rs 875. HCL Technologies (Rs 916) is a good buy for medium term. Some gains are likely in the near term as well. Hold with a stop loss around Rs 870.
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There are a lot of points that need to be covered when you talk about trading in stock market. We provide you Live Stock Tips through our SMS facility and company messenger lab. This unique facility can reduce the time you would invest in doing research on various stocks. For more info visit www.capitalheight.com or call at +91 9993066624, 0731 - 6615050.
The stock market, which rallied sharply after a weak start, retreated and pared some gains before edging higher again as buying resumed at some heavyweight counters. The overall mood is cautious with a slightly positive bias.The Sensex is up 150.50 points or 0.57% at 26,575.80. The Nifty index of the National Stock Exchange is at 8021.50, up 38.60 points or 0.48%.
Metal stocks are likely to remains sluggish in the near term. One with a long term view can accumulate stocks like Tata Steel, Hindalco and SAIL at declines. Buy Reliance Industries (Rs 899) at declines for medium term. For near term, hold with a stop loss around Rs 875. HCL Technologies (Rs 916) is a good buy for medium term. Some gains are likely in the near term as well. Hold with a stop loss around Rs 870.
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There are a lot of points that need to be covered when you talk about trading in stock market. We provide you Live Stock Tips through our SMS facility and company messenger lab. This unique facility can reduce the time you would invest in doing research on various stocks. For more info visit www.capitalheight.com or call at +91 9993066624, 0731 - 6615050.
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