Tuesday, March 27, 2012

Indian Share Market Trend and Tips for Today

The Indian Share market opens with a positive note following positive global trends. The US markets closed higher with Dow up with 160 points and Nasdaq up with 54 odd points while Asian market is trading green at this hour.
Sensex is trading at 17221 up 165 points from its previous close and Nifty is 5236 up 52 points. CNX Midcap indepx is up 1.2% and BSE Smallcap index is up 0.7%. The market is moving positively with advances at 540 against declines of 91 points on the NSE.

HDFC Bank is contributed in the rise of Sensex with 14.17 points and was followed by State Bank of India with 13.45 points, L&T with 13.1 points, Reliance Industries with 12.38 points and HDFC with 9.27 points.

Maruti Suzuki Indian Contributed in the fall of Sensex with 0.59 points. It was followd by Sun Pharmaceutical Industries with 0.49 points, ACC with 1.01 points, ITC with 1.29 points and M&M with 1.46 points.

Biggest gainers in the Sensex were Sterlite Industries with 3.05%, DLF with 2.56, Cipla with 2.30%, Hindalco Industries with 2.03%, State Bank of India with 1.84% and Tata Steel with 1.83%.

On the other hand major losers in the Sensex were the Coal Indian with 0.35%, Maruti Suzuki India with 0.26%, Sun Pharmaceutical with 0.17%.

Share Market Tips for Today

- Tata Motors Ltd. Sell call with Intraday Target of 258 and Stop Loss of 273.
- Reliance Industries Ltd. Sell call with Intraday Target of 722 and Stop Loss of
- ONGC Buy call with a target of Rs 285 and Stop Loss of Rs 249.40.

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