Boom in Asian Market, Indian Market Stable

On the first day of fresh new week, market opened with the green signal. Sensex is marginally down by 28 points at 25461 and Nifty is hovering around 7800. There is mixed and match outcome of different sectors in India. The biggest loser is S&P BSE BANKEX sector. Today rupee was weak by 13 paise and opened at 66.90 against dollar. A high speed is seen in Asian markets. Benchmark index of Japan Nikkie jumped 200 points and the market of Hong Kong strengthened by 250 points. The top gainer in both NSE and BSE is Dr. Reddys Lab. The top loser in NSE is Bank of Baroda and in that of BSE is SBI. Todays Gold prices are 30,064 and Silver’s price is  41,393. There was a uplift of 34 rupees in crude oil prices at 3,131.

Market Status This Week

This week was very volatile, many up and downs were seen this week. Sensex this week ended to 25489 points and Nifty closed on 7814 points. All the sectors traded negative this week. Bank of Baroda lost 3234 crore rupees in his fourth quarter. The major reason of this loss is the increase of provision. In fourth quarter, provision got increased to 6858 crore. Due to strike of jewellers, gold importation decreased 60.47% and reached to 123.67 crore dollar. According to a report, gold demand was decreased up to 33% due to strike of jewelers in April. Due to strong pressure of Dollar, crude oil fell down by 1 percent. Everywhere in the world, markets have become lethargic, as a result of which there is a decrease in export in India continuing from 17 months. If we see an overview, almost everywhere there is decrement in export. In India there is downfall of 23% in importation too.

Stock Market Updates and Intraday Tips

Sensex hits 30000 and Nifty at 9100 on RBI move ; to cut the repo rate by 25 basis point to 7.5 percent. 

RBI surprise to cut the repo rate just before its policy which will come in the next month but it kept the CRR unchanged at 4 percent. 

The Indian rupee opened higher by 26 paise at 61.66 per dollar. 

Sensex traded at 29905.55 , High – 30024.74 , Low – 29840.33 at 10:25 AM 

Nifty traded at 9082.65 , High – 9119.20 , Low – 9059.65 

Major gainers – SBI , ICICI Bank , Axis Bank , HDFC and M&M 

Losers – GAIL , Wipro , Dr Reddy's Labs 

PNB Ltd. has bottomed out at current levels. We recommend a buy above Rs 170 with the stoploss of Rs 164 for the target of Rs 180. 

Stock Tips - 

1. Bank of Baroda : Buy – 193.81 , Target – 196.4 to 200 , stop loss – 189.7 

2. Reliance Capital : Buy – 480.32 , Target – 485.3 to 490.5 , stop loss – 474.7 

3. IOB : Buy above – 50.5 , Target – 51.2 to 52.2 , stop loss – 49.4 

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Stock Commodity Tips And Updates -

Sensex and Nifty Opens Strong on Budget Day ; Sensex up by 215 points and Nifty shows 65 point upward movements at 10:25 AM. 

Sensex traded at 29437.82 , High – 29497.50 , Low – 29397.00 

Nifty traded at 8907.65 , High – 8919.95 , Low – 8894.70 

Top gainers – Tata steel , HDFC , L&T , ICICI Bank and BHEL 

Top Losers – TCS , Hero , Cipla , Maruti and Infosys 

Stock that are in News today : Tata Motors , SKS , Coal India , NBCC , Bhushan steel , SpiceJet . 

Result Today – Videocon Industries , REI Agro , Zenith Computer 

Stock Tips - 

1. Tata Steel : Buy – 358.0 , Target – 364.2 , Stop loss – 355.2 

2. BHEL : Buy – 277.2 , Target – 280 , Stop loss – 274.8 

3. Cipla : Sell blow – 668.9 , Target – 662.5 , Stop loss – 673.15 

4. Bank of Baroda : Buy – 186.2 , Target – 188.9 , Stop loss – 183.7 

5. L&T : Buy – 1788.15 , Target – 1798 , Stop loss – 1776.5

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Stock Commodity Tips and Updates

Sensex and Nifty opens Strong with 132 pt and 45 pt respectively at 10:15 AM. 

Sensex at 28881.3 , High – 28991.40 and Low – 28857.2 

Nifty at 8728.90 , High – 8758.20 and Low – 8721.20 

Top gainers – Tata Power , L&T , Tata Motors , Sesa Sterlite and SBI 

Top losers – NTPC , ITC , TCS 

Stocks that are in News today : DLF , Unitech , Glenmark , India Cements , V2 retail , Suzlon Energy , State bank of India , Bank of Baroda and Power Grid. 

Stock Tips - 

1. Suzlon Energy : Buy - 25.75 , Target – 27.2 , stop loss - 25.1 

2. V2 Retail : Buy - 42.65 , Target – 45.6 , stop loss – 42.1 

3. DLF : Sell - 150.5 , Target – 147.4 , stop loss - 153.2 

4. Bank of Baroda : Buy - 171.35 , Target – 175.7 , stop loss – 168.2 

5. India Cements : Sell - 97.3 , Target - 94 , stop loss – 98.2

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