Stock Market Started At High Node | Free Intraday Tips

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 

Free Intraday Tips

A site on market this week

Leading Stock exchange NSE said that it’s going to introduce a new scheme of weekly options contracts on Bank Nifty index from May 27. They have received an approval for the same from SEBI. These contracts will be made available for trading in future and options segment, this service will come in to effect from march 27.Sources says that Tata Steel may sell its UK assets to Excalibur Steel. Tata Steel UK employees may get offered 10 percent stake from Excalibur Steel. By the end of the week Tata Steel closed at Rs 329.45 which was down by 0.77%. In banking sector, private banks like HDFC Bank were reported with good earnings in their fourth quarter and other banks were having mixed and match numbers.Being cheaper ATF this year, the stocks of Aviation companies are continuing to move upwards regularly. The stocks of Jet Airways, Indigo and Spice jet have made a great jump of 300% this year. The fertilizer firm MCFL (Mangalore Chemicals and Fertilizers Limited) reported a net loss of about 5.78 crore in its fourth quarter. To promote Make In India, government has decreased the import duty on mobile accessories to 29 percent. For brands like Apple, it would be a tough competition as it is importing Ready-To -Sell products in India. According to the industry, smartphone companies will take their order back of increasing the prices of their products.  At the end of the week Sensex and Nifty were ended comparatively down. The Sensex closed at 25228.50 points this week and was down by 0.13%. And nifty stayed up at 7733.45 points having a tiny downfall of 0.03%.

On Last Trading day, Asian Market Back on Track

Indian Domestic Market got a little pace when Asian Market got boosted up today. Currently Sensex live at 24937.22 with the hike of 85.39 and Nifty Live at 7599 with the hike of 30.70. Along with the MidCap and SmallCap Index, Metal index is also trading high today. Stocks of Yes Bank, Tata Steel, Tata Motos and Sun Pharma are moving up with a gain of more than 2%. 

Midday Market trade brings good news for the Indians. Crude oil dropped by 30 Dollar in Indian Crude Basket and this results in lowering the price of Petrol and Diesel. Currently, crude oil is trading at 2265 level. 

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Market Tips with Sensex Nifty Updates for 28th December

Monday morning 28th December couldn't give a nice opening for Stock Market. But the market didn't take much long to gain a boost. Currently, Sensex and Nifty both are at their peaks with having 26006 and 7911 points by hiking 167.90 and 50.30 points respectively. 

With the rise of 2.89% Dr. Reddy's Labs became the Top Nify Gainer today and by losing 3.36% TATA Steel beacame the Top Nifty Loser today. 

On the first trading session of the week, Rupee gave a strong opening. Rupee opened at 66.10 with the hike of 10 paise against the Dollar.