Sensex zooms over 200 pts, Nifty up 1% post Micro Eco Survey

The market gained nearly 1 percent in afternoon trade after Macro Economic Survey indicated that fiscal deficit target in current financial year is likely to be met. 

Banks supported on hopes of early recapitalization. The 30-share BSE Sensex rose 211.02 points or 0.92 percent to 23187.02 and the 50-share NSE Nifty climbed 64.85 points or 0.93 percent to 7035.45.

However, the market breadth remained weak as about 1287 shares declined against 1027 advancing shares on the BSE. State Bank of India gained more than 3.5 percent and Coal India surged 4 percent followed by HDFC Bank, L&T, Hindalco, Axis Bank and NTPC with 2-3 percent upside.

Lupin, Bajaj Auto, Hero Motocorp and Bharti Airtel fell 1-3 percent.

 The market gained nearly 1 percent in afternoon trade after Macro Economic Survey indicated that fiscal deficit target in current financial year is likely to be met. Banks supported on hopes of early recapitalisation. The 30-share BSE Sensex rose 211.02 points or 0.92 percent to 23187.02 and the 50-share NSE Nifty climbed 64.85 points or 0.93 percent to 7035.45. However, the market breadth remained weak as about 1287 shares declined against 1027 advancing shares on the BSE. State Bank of India gained more than 3.5 percent and Coal India surged 4 percent followed by HDFC Bank, L&T, Hindalco, Axis Bank and NTPC with 2-3 percent upside. Lupin, Bajaj Auto, Hero Motocorp and Bharti Airtel fell 1-3 percent.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-zooms-over-200-pts-nifty1-post-micro-eco-survey_5662141.html?utm_source=ref_article

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Nifty hovers around 7000; Zicom, KEC rally post Rail Budget 2016

Ministry of Road Transport and Highways has approached Finance Ministry with a proposal for rebate in the form of excise duty reduction for consumers who purchase a new vehicle and give their old one for scrapping.

The ministry is in the process of making a policy to incentivise people to bring their old vehicles for scrapping, Minister of State for Road Transport and Highways P Radhakrishnan said in a written reply to Lok Sabha. "A letter has been written to the Finance Ministry on January 20, 2016 to intimate if an incentive in the form of reduction in excise duty on the purchase of new vehicle can be given," he added. 

BUY RCOM FUTURE ABOVE 54.50 TGS 55-55.50-56 STOPLOSS 53

SELL SUN TV FUTURE BELOW 320 TG 318.50, 316.50, 314 SL 322.50, 

 Ministry of Road Transport and Highways has approached Finance Ministry with a proposal for rebate in the form of excise duty reduction for consumers who purchase a new vehicle and give their old one for scrapping. The ministry is in the process of making a policy to incentivise people to bring their old vehicles for scrapping, Minister of State for Road Transport and Highways P Radhakrishnan said in a written reply to Lok Sabha. "A letter has been written to the Finance Ministry on January 20, 2016 to intimate if an incentive in the form of reduction in excise duty on the purchase of new vehicle can be given," he added.

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-hovers-around-7000-zicom-kec-rally-post-rail-budget-2016_5643161.html?utm_source=ref_article

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FUTURE TRADING TIPS: Sensex, Nifty rally; pharma, auto lead

The S&P BSE Sensex is trading at 26,133 up 99 points, while NSE Nifty is trading at 7,936 up 10 points.

Some buying activity is seen in pharma, auto, FMCG, capital goods and power sectors, while metal, consumer durables and telecom are showing weakness.

Gainers:

Company	Prev Close (Rs)	Current Price (Rs)	% Change
Vedanta	91.9	93.15	+1.36
NTPC	143.95	145.80	+1.29
Bajaj Auto Ltd.	2492.55	2,523.50	+1.24
Bharat Petroleum	903.3	913.25	+1.10

Losers: 

Company	Prev Close (Rs)	Current Price (Rs)	% Change
HCL Technologies	867.7	858.90	-1.01
Hindustan Unilever L	865.85	857.50	-.96
ONGC	240.2	238.35	-.77
Power Grid Corpo	142.15	141.05	-.77

BUY KSCL FUTURE ABOVE 367 TG 370, 374, 380 SL 362, 

BUY KPR MILL ABOVE 888 TG 895, 905, 920 SL 879,

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