Stock Market Review

Stock Market Review For Today : NSE Nifty dropped below 5250 level due to sell off in Reliance, TCS , SBI and L&T whereas BSE Sensex fell more than a percent in todays trading session. Atlas Cycle Industreis increased basic custom duty on bicycles from 10% to 30% and on bicyle parts from 10% to 20%.

The BSE benchmark was down 187points at 17,278.91. State Bank of India dropped by 2.7% percent while ICICI Bank and HDFC Bank were down by 1.5%. Housiong Finance company HDFC slipped by 2% while Reliance Industreis, Infosys, L&T, Coal India, Tata Power and DLF went up 0.7%.

Top Nifty gainers were ITC, M&M, Sun Pharma and Cairn Indian while the losers were Reliance Infra, IDFC, BHEL and Reliance Power

Stock Tips

-BHEL BUY call with short term target of 300.

-Dr. Reddy's Laboratories Ltd. BUY call with Short Term Target of 1980 and Stop
Loss of 1642.

Click here for more Tips
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Today's Market Review

The markets performed well today and barring healthcare, all sectoral indices closed positive. The Sensex closed at 15966 (provisional), up 227 points from its previous close, and the Nifty closed at 4776 (provisional), up 62 points. The CNX Midcap index was up 0.8% and the BSE Smallcap index gained 1.1%. The market breadth was positive with advances at 935 against declines of 495 on the NSE.