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Friday, November 6, 2015

Equity Tips

INDIAN BENCHMARKS: NIFTY CRACKS 7950 SENSEX DOWN

The market ended wih minor losses as the Sensex was down 38.96 points at 26265.24. The Nifty slipped 1.15 points at 7954.30. About 1050 shares advanced, 1620 shares declined, and 139 shares were unchanged.SBI, Reliance, Coal India, Infosys and Lupin were top gainers while Dr Reddy's Labs, Tata Steel, Tata Motors, Vedanta and GAIL were losers.

Headlines of the day:
Dr Reddy's tanks 11% post warning letter from USFDA
M&M Q2 profit down 2.4% on tax cost, revenue beats forecast
BHEL posts Q2 loss Rs 205 cr, revenue beats estimates

RESULT’S ON 7-9 NOV 2015:

BRITTANIA,ANDHRABANK,SUNPHARMA,BPCL,BANKINDIA,HPCL,COALINDIA,REC,TATAPOWER.

The crucial resistance for Nifty is now seen at 8030 and above this 8110. Support for the immediate term is now placed at 7930 and next support will be 7890.

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