Friday, 17 April 2015

Stock Market Update and Stock Intraday Tips:Sensex,Nifty Edged Down TCS Slumps over 4% is Biggest Fall

Indian equity markets edged lower in early trade with IT stocks leading the decline.At 10.34 The #Sensex is down 95.40 points at 28570.64 and the #Nifty down 50.65 points at 8656.05. About 808 shares have advanced, 1026 shares declined, and 134 shares are unchanged by losses in IT, autos, banks, consumer durable and capital goods stocks. 

The S&P BSE Midcap Index was down 0.26 per cent and BSE S&P Smallcap Index edged lower by 0.11 per cent.

Tata Consultancy Services shares slumped 4 per cent on Friday and headed towards its biggest fall.Other IT companies like Wipro, Tech Mahindra, HCL Tech also fell between 0.5-2 per cent. 


Reliance Industries was the top gainer in the Nifty 50 pack, rising more than 1.5 per cent. The company will report its Q4 numbers later today. Sun Pharma, ONGC, Cairn India were the other major gainers in Nifty rising between 0.5-1.5 per cent.

Stock Intraday Tips:
 JP Associates Ltd is a 'SELL' call with a target of Rs 21.60 and a stop loss of Rs 25.05


Dish TV Ltd is a 'SELL' call with a target of Rs 74.50 and a stop loss of Rs 83'

DLF Ltd is a 'SELL' call with a target of Rs 131.60 and a stop loss of Rs 153.60


Cairn India Ltd is a 'BUY' call with a target of Rs 250 and a stop loss of Rs 230.


Marico Ltd is a 'BUY' call with a target of Rs 445 and a stop loss of Rs 408.















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