Friday, March 16, 2012
Todays Stock Market Tips - 16th March 2012
The Indian Stock Market opens on quiet and flat note ahead of Union Budget which will be presented today in Lok Sabha at 11am. Sensex is trading at 17706 up 30 points from its previous close and Nifty is trading at 5391 up at 10 points.
CNX Midcap indedx is trading up 02.% and BSE Smallcap index is also up at 0.2%.
The market is trading positively with advances at 3030 agianst declines of 187 on the NSE. The US markets ends with marginal gains with Dow up 58 pints and Nasda up 15 odd points.
Infosys contributed in the rise of Sensex with 9.23 points and was followed by HDFC bank with 7.49 points, ICIC Bank 6.44 points, L&T with 6.37 points and BHEL with 4.43 points.
Relinace Contribued in the fall of Senses with 8.53 points and was followed by Tata Motos with 7.63 points, M&M with 4.85 points, Maruti Suzuki with 2.28 points and Hero Motocorp with 0.99 points.
Major gainers in the 30 share index were Bharat Heavy Electricals (1.52%), Tata Power Company (1.05%), DLF (0.87%), L&T (0.73%), HDFC Bank (0.63%) and Sterlite Industries (0.59%).
-Canara Bank Sell call with Intraday Target of 488 Stop loss 511.
-Maruti Suzuki Buy call at Rs 1250 with Target of Rs 1500.
-Aban Offshore Buy call with Intraday Target of 490 and Stop Loss of 478.
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