Intraday Equity Tips and Market News

Equity tips:- Equity indices made a positive start to the session, mirroring the trend in global markets, and led by gains in shares of metal, financial services and information technology companies.   At 10:05 AM, the BSE Sensex was trading at 34,397, up 251 points, while the Nifty50 was ruling at 10,576, up 75 points.   In the broader market, the BSE Midcap and the BSE Smallcap indices rose 0.70% and 0.49%, respectively.   However, weakness in banking stocks, especially those of public sector banks, due to the Rs11,400cr fraud at Punjab National Bank, kept the overall gains limited.   Shares of PNB fell over 5% and dragged the Nifty PSU Bank index 0.3% lower. Axis Bank's stock was down 1% after media reports said the lender has significant exposure to the scam at PNB.   Shares of Gitanjali Gems slumped over 10.5% as the company has been under the scanner in the PNB scam.   Metal companies were among the top gainers, with the Nift...

Equity tips:- Domestic indices started the session on a positive note on Monday, with shares of Tata Steel leading the charge.   At 10:31 AM, the BSE Sensex was trading at 34,217, up 211 points, while the Nifty50 index was trading at 10,515, up 60 points.   Shares of State Bank of India, which fell over 2.5%, were the worst hit on the Nifty50 after the bank reported a standalone net loss of Rs2,416.4cr for the quarter against a profit of Rs2,610cr reported in the corresponding quarter last year. There was GNPA divergence and NNPA divergence of Rs23,239cr and Rs17,518cr, respectively during the quarter. The provision divergence came at Rs5,721cr.   Shares of Tata Steel, Mahindra & Mahindra and Oil and Natural Gas Corp rose 2-5% as investors cheered their Oct-Dec earnings.   Shares of metal, pharmaceutical and automobile companies were among the top gainers in early session, while those of banks were the weakest.   On the economy fron...

Equity tips:- In yesterday's trade, markets remained under the selling pressure as risk-averse traders begin to reduce their open positions ahead of Union Budget. Broader markets underperformed the benchmark index as heavy short positions were created in selected Mid-cap and Small-cap stocks. Following is the list of stocks that could see a short-term hiccup on account of the creation of fresh short positions in yesterday's trade. OI Gainers Underline OI (lakhs) % OI Chg Price % Price Chg Action HAVELLS 61 52.0 524 (5.7) Short Buildup M&MFIN 76 17.8 464 (2.3) Short Buildup ARVIND 67 15.8 414 (3.2) Short Buildup ESCORTS 30 15.7 817 (2.5) Short Buildup KAJARIACER 15 13.3 635 (6.2) Short Buildup Price and Open Interest general rule: PRICE OPEN INTEREST MARKET OUTLOOK Decrease Increase Short build up We provide free profit calls for EQUITY,Forex & COMMODITY tips.If you want more ...