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Wednesday, June 29, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX RALLIES OVER 200 POINTS, NIFTY 50 ABOVE 8200

The S&P BSE Sensex rallied over 200 points in morning trade on Wednesday led by gains in ITC, HDFC, HUL, Lupin, and L&T.

The Nifty50 reclaimed its crucial level of 8,200 levels supported by gains in realty, metal, capital goods, auto, and capital goods stocks.

The market has ended with strong gains ahead of June Future & Options (F&O) expiry. The Sensex closed up 215.84 points or 0.8 percent at 26740.39, and the Nifty was up 76.15 points or 0.9 percent at 8204. About 1833 shares have advanced, 773 shares declined, and 183 shares are unchanged.

Hero MotoCorp, NTPC, Wipro, BHEL and GAIL were top gainers while Lupin, Coal India, ITC, Bharti Airtel, and Adani Ports were losers in the Sensex.

HEADLINES OF THE DAY
DLF rallies on capital infusion buzz.
Bosch board meeting on July 1 to consider share buyback.
ITC to invest Rs4,000 crore to set up 9 plants for expansion.

The crucial resistance for Nifty spot is now seen at 8215 and above this 8286. Support for the immediate term is now placed at 8170 and next support will be 8085.

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