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Wednesday, 18 December 2013

Stock Talk- Long Term Stock Recommendations


Indian share market climbed higher after RBI credit policy report. Bench market indices SENSEX gained 250 points higher and NIFTY closed above 6200. Due to RBI policy market sentiments improved. Nifty expected to move above 6300 in this month. According to experts current market looking profitable.

In Pharma shares Aurobindo Pharma is looking good the share may touch 400 Rs level in Long term. Currently the stock traded 0.76% lower at 374.30. It is good to buy at lower level.

Tata Communications is generally untouched by most of the traders and investors. The stock is slightly growing. Company's business is improving, it may be good for long term. Investors can buy this stock on current level. The stock may touch 350 Rs level in next 12 month.

Bank, Auto, Realty, and Infra Stocks trading tips.

For Intraday Stock recommendations Comment below

Tuesday, 17 December 2013

SENSEX climbed 220 points, RBI Reported no chnage in Repo rate and CRR


SENSEX and NiftyRBI made no change in Repo rate and CRR. Repo rate will remain 7.75% while Reverse Repo Rate will remain 6.75% and CRR remain 4% .
Due to no change in Repo Rate there will be no chance of increased EMI. Mariginal standing rate facility and Bank rate are not changed also by RBI.
RBI said retail inflation rate and whole sale inflation rate were high but it may expected to go down if vegetable rates reduced however if Food and Fuel inflation not reduce than there will be chance to change in policy.
After RBI policy report SENSEX climb 220 points. Trading in Bank, Realty, and Capital goods shares raised, which will move market t move higher. Trading in Midcapand Small cap shares also increased.
SENSEX traded at 20844.49 with 1.13% gain and 50 share index Nifty traded at 6213.35 with 1.20% gain.
During trading session Indusind Bank, HDFC, BHEL, PNB, Axis Bank, SBI, Bajaj Auto, and Hero motocorp shares gained 4.1-2.1%.

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Monday, 16 December 2013

WPI Inflation rose 7.5% in November, SENSEX and NIFTY ends at Red


The 5 share index Nifty closed near intraday support level 6150 led by profit booking in oil and gas, auto and FMCG sectors. Market slipped in fifth consecutive session. However Midcap and Small cap stocks are slightly gained. BSE Midcap index closed above 0.3% while small cap index closed above 0.4%.

News and Updates Jindal steel, Sunpharma, M&M, Bharti Airtel and Reliance industries shares dropped 3.2-2% while SSLT, Infosys, Tata Power, Axis Bank, power Grid, Coal India and Wipro gained 4.5-1.2%.

WPI inflation rose to 7.52% in November Vs 7% in October the inflation is highest since September 2012. The Central Bank is expected to hike interest rate by 25 basis points at its next meet to control inflation.