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Thursday, 16 July 2015

Stock Market Tips Today | Commodity Trading 16 July

The stock market broadened rally with the Nifty crawling towards 8600 led by Banking & financials, oil & gas, technology and pharma stocks. The more extensive markets likewise traded line with benchmarks, rising 0.6 percent each in the share market trading.

The Sensex rose 170.84 points to 28369.13 and the Nifty increased 50.30 points at 8574.10. Around 1272 shares have propelled, 555 shares declined, and 113 shares are unaltered on the BSE.

Axis Bank bested the purchasing rundown on Sensex, up 2.7 percent took after by HDFC, Reliance Industries, Bajaj Auto and Tata Steel with more than 1 percent upside. On the other hand, M&M, L&T, Hero Motocorp and GAIL fell imperceptibly.

In Greece, Athens at last passed strict grimness measures expected to secure an obligation debt deal from its creditors. The decision comes in front of Greek payment because of the European Central Bank on Monday. An ECB rates choice is expected on Thursday, with President Mario Draghi prone to face addresses on a choice on crisis liquidity help for Greece. The national bank is generally anticipated that would build subsidizing.

Stock Commodity Market Intraday Tips Today

Buy Elecon Engineering with a target of Rs 97 and stop loss of Rs 87

Buy Max India with a target of Rs 535 and stop loss of Rs 505

Buy Tata Chemicals with a target of Rs 467 and stop loss of Rs 453

Buy HCL Infosystems with a target of Rs 41.60 and stop loss of Rs 39.30