LIVE MARKET UPDATE: ITC Q4 net seen up 7%

The market is very volatile as the Sensex is up 51.65 points or 0.2 percent at 25451.37, and the Nifty up 11.25 points or 0.1 percent at 7794.65. About 826 shares have advanced, 712 shares declined, and 113 shares are unchanged. Lupin is down 6 percent while Cipla and Bharti fall 1 percent. 

ITC   is expected to report net profit at Rs 2520 crore in January-March quarter up 6.7 percent from Rs 2361 crore in the corresponding quarter last fiscal. 

Indian Hotels was down by 2% at Rs.111. Indian Hotels is committed to returning to profitability by end FY17,

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NIFTY TRADING TIPS: Stock Market calls for 9 May 2016

Bulls are here to stay on Dalal Street as auto, banks, capital goods and FMCG stocks boost market. The Sensex is up 328.24 points or 1.3 percent at 25556.74 and the Nifty is up 93.65 points or 1.2 percent at 7827.10.

Bajaj Auto, ICICI Bank, HDFC, L&T and ITC are gainers while Hindalco, Dr Reddy's Labs, Tata Steel, Sun Pharma and BHEL are losers in the Sensex.

Amid a weakening global trend and profit-booking by speculators, gold futures traded lower by over 1 percent at Rs 30,036 per 10 gram today.

 Globally, gold prices fell 0.12 percent to USD 1,282 an ounce in Singapore. Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas and weakness in the precious metal at the domestic spot markets.

BUY OUDH SUGAR ABOVE 90 TG 92.50, 96 SL 87,

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