Indian Stock Market started with a high node today. Sensex live at 28112 with 109.20 points hike and Nifty with 27.20 points hike reached at 8663. Commodity Market is trading down today. Gold dropped 34 points to 31500 while Silver dropped 167 points to 47550. Natural Gas with minor loss of 0.70 points trading at 186 while Crude Oil with increase of 8 points trading at 2689. Maximum sectors are trading in the positive zone except IT, Teck and Metals sector. Rupee with weakness of 1 paise trading at 66.75 against US Dollar. In Asian Market, Nikkei dropped 174 points to 16461, Shanghai Composite wiht a hike of 2 points trading at 2956 and Straits Times declined 31 points to 2861.
Intraday tips
Changes in the British pension scheme for the financial year 2016 Tata Steel's pension burden has been reduced to 35 percent. At the beginning of fiscal year 2016 Tata Steel's pension liability was estimated to Rs 1.8 lakh crore, which is now down to Rs 1.2 lakh crore.
Buy Tata Steel above: 370.56 Targets: 375.2 - 380.05 - 384.94 - 389.86
Stoploss : 365.76
Nearly 7,200
SBI branches across the country is considering closing.
Buy SBI above: 232.56 Targets: 236.27 - 240.12 - 244.01 - 247.93
Stoploss : 228.76
MRPL is trying to increase 25 percent share holding either by OFS and issuing new shares.
Sell MRPL below: 78.76 Targets: 76.6 - 74.42 - 72.28 - 70.17
Stoploss : 81
Now at any time anyone can apply for the banking license. RBI has issued the guidelines for the universal bank.
Sell Bharat Financial below: 870.25 Targets: 863.32 - 855.99 - 848.68 - 841.42
Stoploss : 877.64
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