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 ...

Equity tips:- The board of directors of Bharat Electronics Ltd (BEL), in their meeting held on January 30, 2018, approved the proposal to buy-back the equity shares of the company. The buy-back would be of ~2.04cr equity shares (representing 0.83% of total equity shares) at a price of Rs182.50 per share (~7% premium to the last closing price) payable in cash.   The buy-back size amounts to Rs372.26cr, representing 5% of the aggregate of the fully paid-up equity share capital and free reserves of the company.    The promoter of the company also intends to participate in the proposed buyback. The buyback is subject to approval from the shareholders and all other applicable statutes. The board has fixed February 9, 2018 as the record date for the buy-back.   The board of directors also declared an interim dividend of Rs1.6 per equity share for the FY18.   The stock closed at a price of Rs177.25, up by 0.91% or Rs1.6, on January 30, 20...

Equity tips:- SGX Nifty   indicating a marginally negative opening for the Indian markets. Markets are expected to be volatile ahead of the Union budget 2018 on Thursday and the Federal Reserve’s monetary announcement scheduled for tomorrow. Bharat Electronics, Bharat Financial, Engineers India, Godrej Consumer, IOC, Jain Irrigation and TVS are some of the major companies set to announce their Q3 results today. Global markets Major Asian markets are trading in the red, at present Nikkei is down 0.62%, Hang Seng is down 0.15%, while Shanghai Composite is trading  0.38% lower. US Markets: The major averages witnessed a pullback in yesterday’s session after closing at record highs on Friday. The Dow slid 0.7% to 26,439.48, the Nasdaq fell 0.5% to 7,466.52 and the S&P 500 dropped 0.7% to 2,852.53. Profit taking contributed to the weakness on Wall Street, ahead of the Federal Reserve’s monetary policy announcement on Wednesday and t...

Equity tips:- SGX Nifty   indicating a positive opening for the Indian markets. Markets are expected to continue the positive momentum; traders will also keenly await the economic survey report, which will be presented by the finance minister today at 1 pm. HDFC, IDFC, RCOM, Sun Pharma Advanced Research, Tech Mahindra and Wockhardt are some of the major companies set to announce their Q3 results today. Global markets Major Asian markets are trading in the green, Nikkei is up 0.51%, Hang Seng is up 0.56%, while Shanghai Composite is trading  0.47% higher. US Markets: The major averages continued to surge higher with all the three major indices closing at record highs in the Friday’s session. The Dow advanced 0.9% to 26,616.71, the Nasdaq spiked 1.3% to 7,505.77 and the S&P 500 jumped 1.2% to 2,872.87. The strength on Wall Street was mainly on account of the latest earnings news, with shares of Intel moving sharply higher after the com...

Equity tips:- Nifty turns choppy after opening on a positive note.   PSU banks gain in trade post government allocates capital to banks when the market commenced today’s trade. Later PSU Bank index erased early gains and is also the top loser among all the sectoral indices followed by IT, FMCG and Realty index. On the other hand, Metals index is the top gainer.   Crucial support for Nifty is at 10,970 levels.   At 9:40 AM, the BSE Sensex was trading at 36,061, down 100 points, while the broader Nifty50 index was ruling at 11,066, down 16 points.   Volatility index India VIX down 0.63% at 17.9250.   Vedanta (+2.5%), Hindalco (+2%), Cipla (+1.7%), L&T (+1.3%) and GAIL (+1.2%) were the top gainers on Nifty50.   SBI (-2.5%), Tech Mahindra (-2.3%), Yesh Bank (-2.2%), TCS (-1.8%) and HCL Tech (-1.8%) were the top losers in today’s trade.   Out of 2,003 stocks traded on the NSE, 731 advanced, 843 declined and 429 remained unchange...