The
Indian share market closed with moderate losses. Auto sector
was the biggest loser in today's session and consumer durables and
capital goods also lose significantly while Realty, It and tech
sector supported the indices well. Bse Sensex closed at 16219 and
Nifty closed at 4924. The CNX Midcap index was up 0.2% while BSE
Smallcap index lost 0.6% in today's trading session.
Maruti
Suzuki shares fall 3.5%. The drop in the rupee is expected to raise
the cost of imports, such as engines, and increase the cost of
royalty payments. ICICI Bank declined over 3% as the stock turned
ex-dividend. Educomp
hits new 52 week low post weakness in earnings. The management says
corporate governance issues are unfounded and they will redeem all
their FCCBs due in July 2012.
Share
Market Tips For Tomorrow
BPCL
Buy call above 704.50 with stop loss below 697 and target of 710-720.
Axis
Bank Sell call below 970 with stop loss above 982 and target of
960-652.
