28 September 2015

Free Intraday Tips Live Updates; Today Market Consolidate

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The Intraday market continued to see range bound trade with the nifty moving in tight range of 7840-7880. Banking and select Pharma stocks gained strength while index heavyweights like Infosys, Reliance Industries & HDFC declined. The Sensex fell 25.47 points to 25838.03 and the Nifty plummeted 5.90 points to 7862.60. The market breadth was positive as about 1304 shares have advanced against 786 shares declined on the Bombay Stock Exchange.
Infosys, HDFC, Tata Motors, Coal India, Hero Motocorp and Vedanta dropped 1-2.5 percent. However, ICICI Bank, Lupin, SBI, Axis Bank, Dr Reddy's Labs, HUL, M&M, Cipla and Hindalco gained 1-2 percent. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent each. About 1013 shares have advanced, 658 shares declined, and 61 shares are unchanged on the BSE.
TCS, Lupin, SBI, Cipla, HDFC Bank, Tech Mahindra, Idea Cellular and Adani Ports gained 1-2 percent. However, Tata Motors, Sun Pharma, Wipro, UltraTech Cement and Cairn India fell 1-2 percent. Shares of Dr Reddy's Laboratories rallied more than 6 percent intraday on launching gastric ulcer drug in the US market. The Sensex rose 3.92 points to 25867.42 and the Nifty climbed 5.35 points to 7873.85. About 1299 shares have advanced, 723 shares declined, and 80 shares are unchanged on the BSE.

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