Metals And IT Sector Up, Commodity Market Down | Free Intraday Tips By Experts

Stock Market opened flat today. Sensex live at 28090 with 25 points hike and Nifty live at 8643 with 1.30 points up. Buying activity is seen in Metals and Auto Sector. Asian market indices are trading mixed ahead of US Federal Reserve officials stoked speculation over interest-rate increases. Japan's index, Nikkei and Hong Kong's index Hang Seng are trading higher by 0.50%. Shanghai Composite is marginally down. Commodity market is trading low.

Piramal Enterprises: Piramal Enterprises is going to buy America's Ash Stevanes. Both the company have a deal of 4.5 crore Dollar. 

Buy Piramal Enterprises above: 1806.25 Targets: 1815.98 - 1826.64 - 1837.34 - 1848.07 Stoploss : 1795.64

JK Lakshmi Cement: Rajasthan's mine expansion has been approved by the Ministry of Environment. JK Lakshmi Cement to increase capacity by investing Rs 120 crore.

Buy JK Lakshmi Cement above: 435.76 Targets: 440.77 - 446.04 - 451.33 - 456.66 Stoploss : 430.56

ICICI Bank: Singapore's Tamasek Holding has bought ICICI's Bank ADR in Rs 1.8 crore Dollar. 

Sell ICICI Bank below: 244.14 Targets: 240.37 - 236.5 - 232.67 - 228.88 Stoploss : 248.06

JP Associates: Company has handed over all the papers to CBI related to Dul Hasti Hydro Plant. Company will give all the information to CBI till 22 August.

Sell Jai Prakash Associates below: 10.56 Targets: 9.77 - 9 - 8.26 - 7.56 Stoploss : 11.39  

Free Intraday Tips By Experts

Sensex Nifty Falls, MidCap Declined | Intraday Tips by Experts

Indian Stock Market started low. Sensex Nifty Opened flat today. Sensex dropped 205 points to 27776 and Nifty dropped 54 points to 8568. Rupee declined 12 paise at 66.85 against US Dollar. Maximum sectors are trading negative except Bank Nifty and Metals Sector. BSE Small Cap dropped 86 points to 12133, BSE Mid-Cap dropped 131 points to 12498 and Nifty Midcap declined 160 points to 14605. In Asian Market, ‪Nikkei‬ declined 288 points to 16103, ‪Hang Seng dropped‬ 377 points to 21752 and ‪‎Shanghai Composite‬ with minor gain of 8.16 points trading at 2979.44.

Greenply Industries has been approved for the issuance of shares of up to $ 100 million through QIP. 

Buy GreenPly Industries above: 260.01 Targets: 263.93 - 268 - 272.11 - 276.25 Stoploss : 256 

The government has decided to explore anti dumping duty of 557 Dollar per ton on the export of Steel. 

Buy JSW Steel above: 1701.56 Targets: 1711.03 - 1721.38 - 1731.77 - 1742.19 Stoploss : 1691.26 

The petroleum ministry has suggested to the Finance Ministry to reduce oil cess. Oil cess reduced from 20 per cent to 10 per cent is being considered. 

Buy ONGC above: 225 Targets: 228.65 - 232.44 - 236.27 - 240.12 Stoploss : 221.26 

Zicom will give the electronic securities to Carnival Cinemas. It will provide securities on 324 screens. 

Buy Zicom Securities above: 43.89 Targets: 45.53 - 47.24 - 48.97 - 50.74 Stoploss : 42.25 

Intraday Tips by Experts

Sensex Slumps Over 300 points- Market Stepping Downwards

Market Graph Moving downwards

In the last session of the week, due to negative signals from Asian Market there is slump in domestic market. The major index of BSE Sensex drop down by 300 points and reached to 2546.2 points and the major index of NSE Nifty drop down by 66 points and reached to 7834 points. Today almost all indexes are trading on red signal. Also there is a high downfall in metals and banking sector too. Bank nifty has dropped with one percent and reached to 16734 points and 1.5 percent of decline in metal index. Out of 50 shares in Nifty only 6 are trading with green signal and other 44 are trading with a heavy downfall. Top five losers of Nifty are Eicher Motors, Dr Reddy, ICICI Bank and Bharti Airtel. With high Business, the top five gainers of Nifty are HCL Tech, TATA Motors, Adani Ports, Idea and BPCL. These all stocks have jumped over 1 to 1.5 percent. Adani Ports, Asian Paints, Tata Motors and ITC are top gainers while HUL, ICICI Bank, Tata Steel, BHEL and Bharti Airtel are losers in the Sensex. According to the experts, due to Mauritius tax treaty, recession was seen in markets and market down assumption was made. However for Indian Markets this tax treaty is useful and are expecting some positive signals for the markets.