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Monday, May 2, 2016

Equity Tips

Nifty eyes 7900, Sensex surges; Coal India, GAIL down

The market has managed to keep early morning upmove ticking. The Sensex is up 232.74 points or 0.9 percent at 25669.71, and the Nifty is up 73.10 points or 0.9 percent at 7879. About 1340 shares have advanced, 457 shares declined, and 87 shares are unchanged.

Tata Motors, Bharti Airtel, Adani Ports, NTPC and L&T are gainers while GAIl, Coal India, Sun Pharma and TCS are losers in the Sensex.

The Indian rupee opened higher by 9 paise at 66.35 per dollar on Tuesday against previous close of 66.44.

Major Headlines of the day:
L&T Fin rallies on stellar Q4 net profit
Ashok Leyland April 2016 sales grow 21% YoY
Cholamandalam Investment surges as Q4 net zooms
HDFC Q4 profit boosted by sale of Investment

Trend in FII flows:The FIIs were net  sellers of  Rs -434.93 Cr in the cash segment on Monday  while the DIIs were net buyers of  Rs 109.56 Cr, as per the provisional figures.

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