Indian Stock Market started low. Sensex Nifty Opened flat today. Sensex dropped 205 points to 27776 and Nifty dropped 54 points to 8568. Rupee declined 12 paise at 66.85 against US Dollar. Maximum sectors are trading negative except Bank Nifty and Metals Sector. BSE Small Cap dropped 86 points to 12133, BSE Mid-Cap dropped 131 points to 12498 and Nifty Midcap declined 160 points to 14605. In Asian Market, Nikkei declined 288 points to 16103, Hang Seng dropped 377 points to 21752 and Shanghai Composite with minor gain of 8.16 points trading at 2979.44.
Greenply Industries has been approved for the issuance of shares of up to $ 100 million through QIP.
Buy GreenPly Industries above: 260.01 Targets: 263.93 - 268 - 272.11 - 276.25
Stoploss : 256
The government has decided to explore anti dumping duty of 557 Dollar per ton on the export of Steel.
Buy JSW Steel above: 1701.56 Targets: 1711.03 - 1721.38 - 1731.77 - 1742.19
Stoploss : 1691.26
The petroleum ministry has suggested to the Finance Ministry to reduce oil cess. Oil cess reduced from 20 per cent to 10 per cent is being considered.
Buy ONGC above: 225 Targets: 228.65 - 232.44 - 236.27 - 240.12
Stoploss : 221.26
Zicom will give the electronic securities to Carnival Cinemas. It will provide securities on 324 screens.
Buy Zicom Securities above: 43.89 Targets: 45.53 - 47.24 - 48.97 - 50.74
Stoploss : 42.25
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