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Tuesday, January 10, 2017

Equity Tips

INDIAN BENCHMARKS: SENSEX ENDS ABOVE 173 POINTS, NIFTY 50 AT 8288.60

The market saw good buying interest today supported by auto, infra and oil stocks. The Sensex ended up 173.01 points or 0.6 percent at 26899.56 and the Nifty was up 52.55 points or 0.6 percent at 8288.60.

About 1655 shares have advanced, 1142 shares declined, and 372 shares are unchanged. Tata Motors, Adani Ports, Tata Steel, Asian Paints and HDFC Bank were gainers while Axis Bank, Dr Reddy's Labs, ONGC, Lupin and NTPC were losers in the Sensex.

HEADLINES OF THE DAY
BEL gains as foreign brokerage assigns outperformer rating.
IndusInd Bank posts healthy Q3 results.
Alkem gets USFDA approval for finasteride tablets.

UPCOMING RESULT:  SOUTH IND BANK

The crucial resistance for Nifty spot is now seen at 8310 and above this 8398 Support for the immediate term is now placed at 8230 and next support will be 8136.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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