Stock Market opened firm today. Welspun India fell for the third consecutive session today, especially after supply of wrong products. Sensex hikes 46 points to 28036 and Nifty hikes 13 points to 8644. Maximum sectors are trading in the positive zone with Healthcare sector leading the region. BSE Small Cap gains 66 points to 12500, BSE Midcap hikes 79 points to 13025 and Nifty Midcap uplifted 64 points to 15122. Asian market is trading down. Shanghai Composite with minor loss trading at 3089, Hang Seng fell more than 185 points to 22811 and Nikkei hikes 84 points to 16581.
Profitable shares
Iran's OPEC to support showed signs of an upturn in crude. Crude prices will benefit ONGC and Oil India.
Buy ONGC above: 240.25 Targets: 244.01 - 247.93 - 251.88 - 255.87
Stoploss : 236.39
Castrol India's 26.1 million shares will be sold at a price of Rs 385 to 415.5.
Buy Castrol India above: 425.39 Targets: 430.34 - 435.54 - 440.77 - 446.04
Stoploss : 420.25
Engineers India in the first quarter of fiscal 2017, net profit rose 50.1 per cent to 80.3 crore. Engineers India's net profit in the first quarter of fiscal year 2016 was 53.5 million.
Buy Engineers India above: 240.25 Targets: 244.01 - 247.93 - 251.88 - 255.87
Stoploss : 236.39
American subsidiary of Majesco has partnershiped with Elafrince Ink.
Buy Majesco above: 534.76 Targets: 540.29 - 546.11 - 551.97 - 557.86
Stoploss : 529
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