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Friday, 28 October 2016

Equity Market News Updates with Trading Tips

Market Updates: Equity benchmarks recovered early losses with the Nifty rising over 8600 level on first day of November series. Select Tata Group stocks like Tata Motors and Tata Steel rebounded sharply on short covering after sharp sell-off in previous three consecutive sessions due to Tata-Mistry issue.

Today's Indian Stock Market opened with negative Leads. Equity benchmarks gained strength as the Sensex jumped up 0.34 points at 27916, The BSE Sensex opened at 27,983, touched an intra-day high of 27,991 and low of27,789.

The Nifty trading up 15.35 points at 8630, The NSE Nifty opened at 8,625, touched an intra-day high of High of 8,649 and low of 8,581.

All sector are trading in positive zone. BSE Small Cap hiked 113 points to 13439, BSE Mid-Cap live up 117 points to 13399. Commodity marke, Gold hiked 11.00 points to 29,938 while Silver jumped up 54.00 points to 42,276.

About 1549 shares have advanced, 721 shares have declined, and 219 shares are unchanged. The Rupee opened higher by 0.02 paise at 66.85 per Dollar.

Asian Market,indices are trading down with minor leads. Nikkei trading up 115 points to 17452, Hang Seng dropped 173 points to 22958, KOSPI declined 6.11 points to 2018 and Shanghai Composite lost 0.82 points to 3111.


Buy Manappuram Finance Ltd at 102.40 for the target of 105.00 with stop loss of 90.00 

Buy 8K Miles Software Services Ltd at 792.00 for the target of 812.00 with stop loss of 770.00 

Sell Gold at 29,930.00 for the target of 29,890.00 with stop loss of 29,990.00

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