Stock Market Tips For Monday

Stock Market Tips For Monday

Rupee posts biggest gain vs US dollar in two years 

The rupee posted on Friday its biggest daily gain in two years, while bond yields fell to a near three-month low, as the Federal Reserve's decision to hold U.S. interest rates was seen as paving the way for the Reserve Bank of India to ease its monetary policy later this month. 

The rupee ended at 65.67/68 per dollar from its 66.4550/66.4650, its strongest level since Aug. 20. 

For the day, the rupee rose 1.2 percent against the dollar, its biggest daily gain since Sept. 19, 2015

For the day, the rupee rose 1.2 percent against the dollar, its biggest daily gain since Sept. 19, 2013. For the week, the rupee gained 1 percent, snapping a two-week losing streak. 

The domestic currency benefitted from a weaker dollar as well as hopes that a rate cut from the RBI would boost investor confidence. 

The 10-year benchmark bond yield closed down 5 basis points to 7.70 percent, its lowest level since June 22. 

For the week, the 10-year bond yield fell 0.9 percent

Stock Market Tips For Monday

• Buy into mkt, but in 3-4 trading sessions
• Stay calm, wait for mkt to give entry opportunity
• First recommendation is sell on UPL August Futures
• Second recommendation is sell on  Biocon
• Third recommendation is sell on Godrej Industries
• Lists out stocks that you should focus on – GAIL  , Yes Bank  , Tata Motors  , Kotak Mahindra Bank  , IndusInd Bank  , HDFC Bank  , IOC  , Vedanta  , Hindalco  , Tata Steel  .
• Hold Kotak Mahindra Bank

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