Sensex, Nifty flex muscles; infra, FMCG, oil stocks rally

The market continues to surge on support from index heavyweights. The Sensex is up 203.84 points or 0.7 percent at 27203.56, and the Nifty up 61.40 points or 0.7 percent at 8349.15. 

Dr Reddy's Labs, BHEL, L&T, GAIL and Tata Steel are top gainers while Coal India, TCS, Tata Motors and Maruti are losers in the Sensex. 

The market is in a global deflationary environment currently, says Taimur Baig of Deutsche Bank AG. Emerging markets (EMs) are in a sweet spot in this volatility. While the volatility continues in the global markets, EMs have strong growth potential. 

Baig does not expect the US Federal Reserve to hike rates anytime soon. Considering the slowing growth momentum in the US, expectations of no hike are legitimate, he says. China, which continues to slowdown, had got sidetracked due to the UK referendum. Debt realization by China will be closely watched.

BUY MANIHDRA AND MAHINDRA FINANCIAL FUTURE ABOVE 354 TG 355.50, 357.50, 360 SL 351.45,

Read More

Nifty struggles to hold 8150; ITC, HUL, Asian Paints laggards

Share prices of Bank of Maharashtra rose 4 percent intraday Thursday as it has decided to raise capital through FPO/Rights issue/QIP etc., upto Rs 1000 crore, subject to the necessary approvals. The company has posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to rise in bad loans.

The market is still slipping away as the Nifty is struggling to hold 8150. The 50-share index is down 17.70 points or 0.2 percent while the Sensex is down 49.18 points or 0.2 percent at 26664.75.

Coal India, Hero MotoCorp, Tata Motors, Bharti Airtel and Infosys are gainers while HUL, ITC, Asian Paints, Wipro and Lupin are losers in the Sensex. Oil prices were flat as investors awaited the outcome of an OPEC meeting later in the day in Vienna.

BUY ENGINEERS INDIA FUTURE ABOVE 190 TG 195, 203 SL 185,

INTRADAY TRADING TIPS

Read More

LIVE MARKET UPDATES @NIFTY future trading tips

The market continued to be strong with the Sensex rising over 500 points led by short covering in beaten down stocks like banks, oil, infra and auto stocks. The broader markets also gained strength, outperforming benchmarks. The Sensex rallied 525.87 points or 2.29 percent to 23511.99 and the 50-share NSE Nifty climbed 168.65 points or 2.42 percent to 7149.60. 

The BSE Midcap and Smallcap indices gained more than 3 percent. The market breadth was strong as about four shares advanced for every share declining on the Bombay Stock Exchange. Reliance Industries, L&T, ICICI Bank, Tata Motors, SBI, Lupin and Axis Bank were top contributors' to Sensex gains, up 4-7 percent. 

Tata Steel topped the buying list on Sensex, up over 10 percent. Bank of Baroda extended rally in noon trade, up more than 22 percent as brokerages maintained buy rating, though they cut target price and earnings per share estimates due to huge loss in Q3. WPI inflation for January contracted further, came in at -0.9 percent against -0.73 percent in previous month.

Capital grow special call:

BUY TATA STEEL FUTURE ABOVE 244 TG 250-256 SL 240, 

The market continued to be strong with the Sensex rising over 500 points led by short covering in beaten down stocks like banks, oil, infra and auto stocks. The broader markets also gained strength, outperforming benchmarks. The Sensex rallied 525.87 points or 2.29 percent to 23511.99 and the 50-share NSE Nifty climbed 168.65 points or 2.42 percent to 7149.60. The BSE Midcap and Smallcap indices gained more than 3 percent. The market breadth was strong as about four shares advanced for every share declining on the Bombay Stock Exchange. Reliance Industries, L&T, ICICI Bank, Tata Motors, SBI, Lupin and Axis Bank were top contributors' to Sensex gains, up 4-7 percent. Tata Steel topped the buying list on Sensex, up over 10 percent. Bank of Baroda extended rally in noon trade, up more than 22 percent as brokerages maintained buy rating, though they cut target price and earnings per share estimates due to huge loss in Q3. WPI inflation for January contracted further, came in at -0.9 percent against -0.73 percent in previous month.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-niftyover-2-midcap-strong-relianceicici-lead_5475961.html?utm_source=ref_articleThe market continued to be strong with the Sensex rising over 500 points led by short covering in beaten down stocks like banks, oil, infra and auto stocks. The broader markets also gained strength, outperforming benchmarks. The Sensex rallied 525.87 points or 2.29 percent to 23511.99 and the 50-share NSE Nifty climbed 168.65 points or 2.42 percent to 7149.60. The BSE Midcap and Smallcap indices gained more than 3 percent. The market breadth was strong as about four shares advanced for every share declining on the Bombay Stock Exchange. Reliance Industries, L&T, ICICI Bank, Tata Motors, SBI, Lupin and Axis Bank were top contributors' to Sensex gains, up 4-7 percent. Tata Steel topped the buying list on Sensex, up over 10 percent. Bank of Baroda extended rally in noon trade, up more than 22 percent as brokerages maintained buy rating, though they cut target price and earnings per share estimates due to huge loss in Q3. WPI inflation for January contracted further, came in at -0.9 percent against -0.73 percent in previous month.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-niftyover-2-midcap-strong-relianceicici-lead_5475961.html?utm_source=ref_articleThe market continued to be strong with the Sensex rising over 500 points led by short covering in beaten down stocks like banks, oil, infra and auto stocks. The broader markets also gained strength, outperforming benchmarks. The Sensex rallied 525.87 points or 2.29 percent to 23511.99 and the 50-share NSE Nifty climbed 168.65 points or 2.42 percent to 7149.60. The BSE Midcap and Smallcap indices gained more than 3 percent. The market breadth was strong as about four shares advanced for every share declining on the Bombay Stock Exchange. Reliance Industries, L&T, ICICI Bank, Tata Motors, SBI, Lupin and Axis Bank were top contributors' to Sensex gains, up 4-7 percent. Tata Steel topped the buying list on Sensex, up over 10 percent. Bank of Baroda extended rally in noon trade, up more than 22 percent as brokerages maintained buy rating, though they cut target price and earnings per share estimates due to huge loss in Q3. WPI inflation for January contracted further, came in at -0.9 percent against -0.73 percent in previous month.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-niftyover-2-midcap-strong-relianceicici-lead_5475961.html?utm_source=ref_articleThe market continued to be strong with the Sensex rising over 500 points led by short covering in beaten down stocks like banks, oil, infra and auto stocks. The broader markets also gained strength, outperforming benchmarks. The Sensex rallied 525.87 points or 2.29 percent to 23511.99 and the 50-share NSE Nifty climbed 168.65 points or 2.42 percent to 7149.60. The BSE Midcap and Smallcap indices gained more than 3 percent. The market breadth was strong as about four shares advanced for every share declining on the Bombay Stock Exchange. Reliance Industries, L&T, ICICI Bank, Tata Motors, SBI, Lupin and Axis Bank were top contributors' to Sensex gains, up 4-7 percent. Tata Steel topped the buying list on Sensex, up over 10 percent. Bank of Baroda extended rally in noon trade, up more than 22 percent as brokerages maintained buy rating, though they cut target price and earnings per share estimates due to huge loss in Q3. WPI inflation for January contracted further, came in at -0.9 percent against -0.73 percent in previous month.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-niftyover-2-midcap-strong-relianceicici-lead_5475961.html?utm_source=ref_article

Read More