1st Jan Latest Updates with Market News

New year brings good news for the Indians, Diesel price dropped by 1.06 Rupees and Petrol dropped by 63 Paise. Drop in Crude oil is the main cause behind this price deduction. On the first trading session of 2016, Local Market received a bit loss, but the Midcap Market seems stronger today.
Along with the Petrol & Diesel, Price of Jet Fuel Oil is also reduced and currently it is 39892 rupees per kilolitre. Due to this deduction, Aviation Industry Stocks got a big boost. Spice Jet is live at 84.20 with the hike of 11.96% and InterGlobe Aviation is at 1379.50 with the rise of 11.79%. 

Because of new year, most of the Asian Stock Market is close on the first trading session of 2016. The main Benchmark Indexes of Japan, China, South Korea, and Taiwan Trading will be restarted on Monday.

Sensex falls 256 pts , Nifty below 8800 ;

1. The Stock Market closed with downfall in both indexes at the very first day of crucial budget week and many big companies shows negative movements. 

2. On the Budget day trading should go higher with around 10% increase in margin money rate in the market. 

3. Spice jet gets its second EMI of 400 cr on Wednesday from its new promoters Ajay Singh of 1500 cr fund. 

4. Indian Income Tax Department gives notice to the HSBC for its policies like cross boarder banking and money laundering.

Stock Commodity Tips

Stock Tips - 

1. Videocon Industries : Buy - 159.9 , Target - 166 , stop loss – 156.5 

2. Liberty Shoes : Buy - 297, Target - 318 , stop loss – 295.2 

3. Spice-jet : Buy - 19.9 , Target - 22 , stop loss – 19.2 

4. Bata India : Buy – 1284 , Target - 1311 , stop loss - 1276 

5. Tata Motors : Buy – 576.7 , Target - 584 , stop loss – 573.5 

Commodity Tips - 

1. Gold MCX : Sell - 26320 , Target - 26100, stop loss 26480 

2. Silver MCX : Sell - 36750 , Target – 36250 , stop loss 37000

Latest News -

1. Sensex, Nifty open dense - SBI is up 2 percent while ICICI Bank, Hero, Dr Reddy's Labs, and Sun Pharma. BHEL is down 5 percent and Coal India, ONGC, Infosys and M&M are losers in the Sensex. 

2. Shares of BHEL dragged over 6.5 percent intraday on Friday after its December quarter results disappointed the street. 

3. SBI will announce its Q3 earnings on Friday. Profit for the quarter is expected to jump 45 percent year-on-year to Rs 3,254 crore supported by treasury income, fee income and operating profit. 

4. Spice Jet flies deeper into red, Q3 net loss widens to Rs 275 crore which create negative movements in their shares. 

5. Agri Commodities opens strong, crude oil jump around 1.5%. 

6. Rupee opens 17 paise strong against dollar in market.