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Opening Bell – Nifty hits all-time high; Sensex opens up by 150 points

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Equity tips:- The BSE Sensex opened higher by 149 points at 31360, while the Nifty50 opened higher by 29.2 points at the 9695 mark. Tata Power was the top Nifty gainer trading higher by 8.94% at Rs 89 per share while BPCL was top Nifty loser trading lower by 1.95% at Rs 651 per share.   The Nifty50 index has immediate support placed at the levels of 9,630 and 9,600. On the upside, major hurdle is placed in the region of 9,700-9,710. If Nifty sustains above the levels of 9,700-9,710, it may higher up to the levels of 9,750-9,780. Wall Street finished higher on Friday. The bounce-back on Wall Street came following the announcement of a report from the US Labour Department displaying much stronger than expected job growth in the month of June. The Dow Jones Industrial Average closed higher by 94 point at 21,414. The S&P 500 index rose 15 points to end at 2,425. The Nasdaq Composite Index surged 64 points to finish at 6,153. Asian markets are up in...

Markets weekly wrap: Nifty rises 0.5%, Sensex soars 0.8%

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Equity tips:- stock option tips The Nifty50 kept consolidating for the fourth session on Friday and made a candlestick pattern like the ‘Doji Cross’ on the daily chart. The benchmark index closed marginally lower snapping its 2-day gaining streak at 9,665, down by 8 points or 0.1% .   Profit-booking in IT, financials, FMCG and banking stocks amid weak global cues led the markets to consolidate. BSE Sensex closed at 31,360 marginally lower by 8 points or 0.03% on the last day of the week.   The broader markets rose further, the Nifty Mid-cap and Small-cap indices gained by 0.13% and 0.52%, respectively.   On a weekly basis, barometer indices Nifty ended with gains of 0.5% and BSE Sensex closed with gains of 0.8%. Looking at the broader market indices the BSE Mid Cap and BSE Small Cap indices outperformed the benchmarks gaining as much as 1.7% and 2.1%, respectively, during the week.   Among the sectoral indices, Nifty Realty is dominating for the past...

Top seven stocks to watch out for on Friday

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Equity tips:- equity tips  Following are the top seven stocks to watch out for on Friday.   Tata Motors: The company has announced price reduction in cargo vehicles in the range of 0.3% to 4.21% and in passenger transportation vehicles in the range of 0.6% to 8.2% post-GST to pass on the benefits to its customers. Gayatri Projects: The Government of Singapore Investment Corporation (GIC) has acquired a 6.2% stake in Gayatri Projects in a block deal of about Rs 165 crore, on Thursday. Unichem Laboratories: The company has received USFDA nod for Quetiapine Fumarate tablets. InterGlobe Aviation: The company has confirmed its interest in snapping up the international operations of troubled state-run Air India. IDFC Bank: IDFC and Shriram groups are in talks to combine all or some of their businesses in a mega union that could straddle traditional banking, consumer lending and truck financing. Glenmark Pharmaceuticals: The compan...

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Opening Bell – Markets welcome GST, ITC marches ahead

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Equity tips:- equity tips the BSE Sensex opened higher by 235 points at 31156, while the Nifty50 opened higher by 67 points at 9587 mark. ITC is the top Nifty gainer and Wipro is the top Nifty loser in the morning hours. There are 983 advances, 456 declines and 454 unchanged stocks on NSE reflecting a postive bias floating in the market. Now going forward Nifty50 index has immediate support placed in the region of 9,440-9460, and if it holds below the region of 9,440-9,460 it may trigger fresh selling towards 9,400 and then 9,390 levels, while on the upside resistances are seen in the zone of 9,550-9,560. The rupee opened at 64.66 per US dollar depreciated by 8 paise. On Friday, the rupee closed at 64.58 a dollar on Friday, up 0.07%. U.S. stocks closed mixed on Friday after trimming gains in the last few minutes of trading. The Dow and the S&P 500 ended in positive territory, while the tech-heavy Nasdaq pulled back into negativ...

Markets may open flat with positive bias

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Equity tips:- Indian equity markets are likely to begin the day with marginal gains on Tuesday, tracking positive cues from Asian peers. The SGX Nifty, which was trading at 10,127, up by 21 points, hinted at domestic bourses opening on a flat note with positive bias. Nifty50 is likely to face resistance around the recent high of around 10,114, and once this level is pierced, the index may march up to the levels of 10,200-10,240. On the downside, the level of 10,000 may act as a support and the next support is seen at the level of 9,940. Key results for the day: JSW Steel, Marico, PC Jeweller, PEL and Power Grid. Back home, after opening the day on a flat note, Indian benchmark indices travelled northwards and settled at the end of the day at fresh all-time closing high levels. The stock price of the country’s largest lender SBI surged over 4% after it lowered interest rate on savings bank accounts to 3.5% from 4% on balance of Rs 1 crore and below. The US s...

Indian ADRs closed mostly higher on Friday

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Equity tips:- Indian ADRs closed mostly higher in the trading session on Friday, June 30. In the IT sector, Infosys closed up by 0.87% at USD 15.02; and Wipro closed higher by 1.36% at USD 5.2. In the Banking sector, ICICI Bank rose by 0.9% to closed at USD 8.97; and HDFC Bank closed higher by 1.03% at USD 86.97.  In the other sectors, Tata Motors closed down by 0.96% at USD 33.01; and Dr Reddy’s Laboratories closed higher by 2.46% at USD 42.14.  US stocks also closed mostly higher on Friday. NASDAQ Composite index declined marginally by 3 points or 0.06% at 6,140 level, Dow Jones Industrial Average rose by 0.29% or 62 points at 21,349 level, S&P 500 index closed marginally higher by 0.15% or 3 points at 2,423 level. Tech-heavy NASDAQ has outperformed Dow Jones and S&P500 in the first half of 2017. If you want to more information regarding the  Stock tips , commodity tips ,  nifty tips  missed call @ 9069102223 or fill form...