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OPENING BELL BY TRADEINDIA RESEARCH SENSEX DOWN - 24.82 @ 28198.88, NIFTY FUTURE DOWN - 6.55 @ 8710.00, BANK NIFTY FUTURE DOWN - 1.45 @ 19557.45, USD/INR – 66.45. Stock Market News: The market has made a flat opening with the Sensex up 49.91 points or 0.2 percent at 28273.61. The Nifty is up 6.25 points at 8712.65. About 180 shares have advanced, 58 shares declined, and 15 shares are unchanged.
The Indian rupee opened higher by 4 paise at 66.44 per dollar on Wednesday versus previous close of 66.48.
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http://www.tradtips.com IT stocks Nomura stays cautious on the sector, says HCL Tech is the only buy call. It prefers Infosys amongst stocks having neutral ratings. UPL Deutsche Bank reiterates buy with a target of Rs 800 per share, indicating 17 percent upside potential based on FY16-19. Stock market updates with support level by best advisory company who provide accurate trading tips by expert research team. Bajaj Finserv Nomura downgrades it to neutral from buy with target unchanged at Rs 3200 per share.
HDFC Bank
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http://www.tradtips.com Nomura maintains buy call with target increased to Rs 1520 from Rs 1325 per share. TVS Motor Goldman Sachs says the company may post 7.7 percent margin in Q2 versus 7 percent in Q1 on improvement in product mix. Best research call with high level accuracy on stock market, MCX market: https://stockcashpremium.wordpress.com Coal India Citi expects 8 percent dividend yield despite buyback, estimated at Rs 26 per share for FY17. It says if only government tenders its shares in buyback, holding would reduce to 79.3 percent. It adds payout looks secure even if entire buyback quantity is tendered.
GSPL Credit Suisse maintains outperform call stating it is a good play on growing gas demand. It has increased target to Rs 180 from Rs 165 per share. Capital goods stocks CLSA retains buy on L&T , IRB , J Kumar , Sadbhav Engg and NCC . Analysis shows slowdown in capex revival, indicated by backlog growth. +91-7415033556
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http://www.tradtips.com It says backlog growth at 8 percent YoY versus 11 percent in March quarter. It says backlog growth stronger in construction, led by urban infra and roads.
PREMIUM CALL:- BUY HAVELLS FUTURE ABOVE 413.00 TG1-415.00 TG2-418.00 SL-399.50.
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http://www.tradtips.com GOLD $ 1328. SILVER $ 19.108, COPPER $322.65, CRUDE OIL $ 44.67, INR 66.471. Precious metals are trading lower on COMEX today. We expect prices to trade range bound for the day as Asian stocks rose and the dollar index firmed, and the wait is now for the U.S. presidential elections. Crude oil is trading flat on NYMEX today. We expect prices to trade range bound for the day as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains.
MCX SUPPORT & RESISTANCE LEVEL GOLD JUNE FUTURE R2–31712, R1 -31510, S1-30741, S2-30412, SILVER JULY FUTURE R2 –47015, R1- 46692, +91-7415033556
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http://www.tradtips.com S1-45151, S2-44750, CRUDE OIL JUNE FUTURE R2 –3090, R1-3044. S1-2901, S2-2860, COPPER JUNE FUTURE R2 –331, R1-326, S1-318, S2-313.
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