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Tricks and Tips

Wednesday 27 May 2015

SENSEX, NIFTY CONSOLIDATE; ITC, INFOSYS, HERO GAIN 1%

Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free
The market is still flat with the Nifty below 8350-level. The 50-share index is down 14.15 points at 8320.45. The Sensex is down 19.66 points at 27545.00. About 1061 shares have advanced, 982 shares declined, and 141 shares are unchanged. Tata Motors is up 2 percent while Vedanta, ITC, Hero and Infosys are top gainers in the Sensex. Among the losers are Hindalco, Tata Power, M&M, HDFC and Cipla.
Tata Motors and Infosys, yesterday's biggest draggers have turned out to be the major contributor. The duo collectively have added 38 points on the BSE index.
Among sectoral indices - the Consumer Durables and the Oil & Gas indices have added 0.4-0.5 percent. The IT, the Auto and the Metal indices have gained 0.2-0.3 percent.
On the other hand, the Healthcare index has shed 0.4 percent. The Bankex, the Capital Goods and the Power indices are trading on a soft note.
The market breadth is positive in the morning deals. Out of 1,932 stocks have traded on the BSE - 1,051 stocks have advanced, while 795 stocks have declined.
Globally, the Nasdaq ended at a record closing high and the Dow Jones jumped 121 points on media reports that Greece and its creditors were drafting an agreement that would provide Athens much-needed debt relief.
Tata Motors has spurted over 2 percent at Rs 481. Hero MotoCorp has surged 1.3 percent at Rs 2,640. Vedanta has added a percent at Rs 194.
Infosys, Coal India and Reliance Industries are among the prominent gainers.
On the other hand, Hindalco has dropped 1.5 percent at Rs 132. Tata Power and Mahindra & Mahindra have shed 1.2 percent each at Rs 74.75 and Rs 1,211, respectively.
Cipla has declined a percent at Rs 654. SBI, Sun Pharma, Hindustan Unilever and HDFC are some of the notable losers.

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