Friday, March 09, 2012

Indian Share Market Tips For Today

The Indian Share Market opens for trade on the last day of the trading week on a strong note on the back of good global cues. Earlier, the US markets ended higher with the Dow up 70 odd points while Asia is in the green at this hour.

The MCX makes its debut on the bourses today, with the issue price fixed at Rs 1032. Sensex is trading at 17413, up 267 points from its previous close, and Nifty is at 5301, up 80 points. CNX Midcap index is up 1.6% and BSE Small capindex is up 1%. The market breadth is positive with advances at 517 against declines of 79 on the NSE.

Reliance Industries contributed rise of 37.97 points in the Sensex. It was followed by I C I C I Bank (33.74 points), State Bank Of India (22.81 points), Larsen & Toubro (19.19 points) and Housing Development Finance Corporation (16.59 points).

However, Grasim Industries contributed fall of 0.19 points in the Sensex. It was followed by ACC (0.58 points), Jaiprakash Associates (1.01 points), Reliance Infrastructure (1.39 points) and Reliance Communications (1.6 points).

All shares in the Sensex settled with a positive note. Biggest were Sterlite Industries (India) (3.61%), Hindalco Industries (3.27%), State Bank Of India (2.98%), I C I C I Bank (2.72%), Tata Steel (2.72%), and D L F (2.66%).

*SELL Reliance Power Ltd. Intraday Target 130 Stop Loss 135.
*SELL UCO Bank Intraday Target 76 Stop Loss 81.
*BUY Tata Motors (DVR) with a target of Rs 158 and stop loss of Rs 143.
*SELL Sterlite Industries with a target of Rs 102 and stop loss of Rs 115.50.



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