Indian Stock Market dropped today. Sensex traded 100 points lower on Tuesday with a negative bias led by losses in HDFC Bank, L&T, ITC, Axis Bank, and Tata Motors. Currently Sensex trading on 27200 with 78 points loss while Nifty dropped 25 points or 0.31 percent to 8344 points. Rupee declined by 12 paise to 67.39 per dollar. Indian sectors are trading mixed. Commodity Market fell down too. MCX Gold dropped 138 points to 31,645 and Silver drifted down 853 points to 47,399.
Experts View for Intraday Trading
- Ultratech's board has approved for the business of cement. Ultratech cement will purchase 21.2 mtpa capacity plant of JP Cement.
Buy J P Associates above: 12.25 Targets: 13.13 - 14.05 - 15 - 15.99 Stoploss : 11.39
- Infibeam has partnered with Gujrat Cooperative Milk Marketing for Amul through which Infibeam will provide online e-commerce and mobile platform.
Buy Infibeam above: 702.25 Targets: 708.53 - 715.2 - 721.9 - 728.63 Stoploss : 695.64
- IFCI has sold 2.25 lakh shares to NSE at RS 3950 per share. Company gave an approval in April 2014 for 2.5 percent partnership.
Buy IFCI above: 28.89 Targets: 30.23 - 31.62 - 33.04 - 34.49 Stoploss : 27.56
- SCI fleet will expand from cost of Rs 1,000 crore. The company will begin shipments to Iran.
Buy Shipping Corporation of India above: 70.14 Targets: 72.21 - 74.35 - 76.52 - 78.72 Stoploss : 68.06