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WORDS OF JESUS CHRIST.

Let the one among you who is without sin be the first to cast a stone. Jesus Christ

25 Jan 2016

STOCK MARKET- PRESENT TREND.




10:12 a.m.: Kotak has upgraded ITC to buy for target price of Rs 370 per share. It says cigarette volumes are stabilizing and sees good value at current levels. (Click here for more brokerage calls)


10:07 a.m.: G Chokkalingam, founder of Equinomics Research & Advisory, says stock markets have bottomed out and there are enough opportunities to make money from current levels.



10:02 a.m.: K Subramanyam, co-head equity advisory at Altamount Capital, says going into expiry action would be seen in PSU banking space on the back of short covering because banking space saw enormous shorts getting built up.



9:44 a.m.: Metal stocks were witnessing buying interest. The BSE metal index advanced 1.3 per cent; Vedanta, Tata Steel, NALCO, SAIL, NMDC, Hindalco and Hindustan Zinc were among the top gainers, up 1-2.7 per cent each.



9:25 a.m.: The Sensex rose over 150 points and Nifty moved above 7,450 on the back of rebound in crude oil prices in the international markets.



Meanwhile, buying was visible across the board.  Banking, metal, auto, capital goods and healthcare indices advanced over 1 per cent each in the opening deals.



Cairn India was the top gainer in the Nifty. The stock advanced 2.84 per cent to Rs 116.05. Vedanta, HCL Technologies, Tata Steel, ONGC, ICICI Bank, Sun Pharma, State Bank of India, BHEL and Adani Ports were also among the gainers.



On the other hand, Hero MotoCorp, Bharti Airtel, ITC, Wipro and BPCL were among the losers.
  

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