Wipro, Shree Renuka & NTPC Market News with Intraday Tips

Wipro has decided to join Verveba Telecom for Mobile Radio Network Solutions. Shree Renuka Sugar will sell 14 lakh ton sugar and so the price of Sugar may hike by 3-4 rupees in the near future. The company stocks took a sudden jump after the news and currently moving up with the hike of 1.79%. The OFS of NTPC will be opened today by having the floor price 122 rupees. The government is planning to collect 5 thousand crore rupees by selling 5% stake of the company. After a big drop in the morning the company stocks are moving lower with the loss of 2.05%. Expert Advice to Sell NTPC for target 118.32 and Buy Shree Renuka sugar for target 11.46.

Stock and Commodity Market Updates

Stock Market Updates - 

It as an alternate unstable day at Dalal Street. The Sensex was down 50.70 focuses at 28659.17 and the Nifty slipped 12.10 focuses at 8699.95. 



Indian manufacturing plant development presumably lost more force in January while expansion stayed underneath the Reserve Bank of India's target a month ago, supporting possibilities of further premium rate cuts, a survey found. 

Top Gainers – Wipro , M&M , Bharti Airtel , HUL and NTPC 

Top Losers – Hindalco , Cipla , ONGC and Tata Motors 

Commodity Updates - 

Overnight, gold costs dipped to a four-month low on Tuesday, as the U.S. Dollar arrived at a 12-year high setting off a gigantic offer off on worldwide markets. 
We expect gold prices are likely to trade negative on the back of US interest rate outlook. 

MCX silver declined by 217 points in yesterday's session. Cost opened at 35846 and stayed in negative pattern to test low of 35557 levels. In today's session so far cost is around 218 points.  

Crude bounced on Wednesday in front of key China information as U.S. inventories of rough posted a drop, as indicated by industry information discharged overnight. 

Copper steadied on Wednesday not a long way from its least in a fortnight, as a dollar rally stopped and dealers looked at supply concerns notwithstanding just little indications of change in Chinese request. 

Evening Intraday Commodity Calls - 

1. BUY GOLD At 25850.00 T1- 25950.00, T2- 26050.00, T3- 26150.00 with SL- 25650.00 

2. BUY SILVER At 35666.00 T1- 35675.00, T2- 35695.00 with SL- 35200.00 

Free Intraday Stock Tips

Stock Market Updates and Tips

Sensex below 29000 while Nifty below 8750 and show some relief in the stock market with positive movements. 

Sensex traded at 28885.50 , High – 28949.11 , Low – 28748.29 

Nifty traded at 8764.85 , High – 8778.00 , Low – 8724.10 

Top Gainers – Coal India , BHEL , Bharti Airtel , M&M and Bajaj Auto 

Top Losers – HDFC , Wipro , GAIL , Hindalco and TCS 

Real Time Intraday Stock Tips - 

1. Coal India : Buy – 363.5 , Target – 368.8 , SL – 360.6 

2. BHEL : Buy above – 261.3 , Target – 262.6 , SL – 259.6 

3. M&M : Buy – 1229.3 , Target – 1248.36 , SL – 1218.8 

4. Wipro : Sell – 651.5 , Target – 657.9 , SL – 643.8 

Free Intraday Stock Tips

Stock Market Updates and Tips

The Sensex is up by 152 points at 29514 and Nifty is up by 58 points at 8960 ; its shows market looks good on Monday Morning. 

Sensex 29481.79 at 10:31 AM , High – 29576.32 , Low – 29414.54  

Nifty 8944.85 at 10:31 AM , High – 8972.35 , Low – 8923.30 

Top gainers – Axis Bank , L&T , BHEL and HDFC 

Top losers – GAIL , Wipro , Tata Power , Sesa Sterlite 

Stock Tips - 

1. L & T Finance : Buy – 66.90 , Target – 71.5 , stop loss – 65.4 

2. Ashok Leyland : Buy - 70 , Target – 73.5 , stop loss - 69 

3. ICICI Bank : Buy – 346.15 , Target – 352.5 , stop loss - 343 

4. SBI : Buy - 301.65 , Target – 307.2 , stop loss – 299.2 

5. IOC : Buy - 332.3 , Target – 346.6 , stop loss – 326 

6. Axis Bank : Buy - 612.6 , Target - 638 , stop loss – 606.5 

Free Intraday Tips for Today

Latest Market Updates -

1. Sensex and Nifty open firm ; coal India , L & T , Tata Power and Wipro are among the early gainers.

2. MCX Market Gold , Silver and crude oil opens positively with slow upward movements. 

3. Special Economic Zone (SEZ) would build in Jaipur said by the State Government before opening the assembly. 

4. Indian Bank Association said their will be 15% increment for the Public Sectors Bank Employees and also Second and Fourth Saturday of every month will be off. 

5. Market may be in volatile phase for 6 months says IIFL.