Stock Market Tips For Tomorrow

Stock Market Tips For Tomorrow

 

Sensex 22,000 risk stays; keep away from capex plays

Read more at: http://www.moneycontrol.com/news/market-outlook/sensex-22000-risk-stays-keep-awaycapex-plays-ambit_3060281.html?utm_source=ref_article

Sensex 22,000 risk stays; keep away from capex plays

Read more at: http://www.moneycontrol.com/news/market-outlook/sensex-22000-risk-stays-keep-awaycapex-plays-ambit_3060281.html?utm_source=ref_article

 Sensex up 246 pts; rate cut hope lifts banks on August WPI Consistent contraction in 

inflation raised hopes of rate cut by Reserve Bank of India in its forthcoming monetary policy 

on September 29. Bank Nifty rallied 1.8 percent as Axis Bank surged 3 percent. ICICI Bank, 

HDFC Bank, State Bank of India, Bank of Baroda and Punjab National Bank gained 1-2 

percent. 

It was a good start to crucial Fed week on Monday as the market rallied 1 percent. Banks 

drove market higher on hopes of rate cut. The BSE Midcap index outperformed benchmarks

, rising 1.3 percent. The market breadth was in favour of advances with 2:1 ratio. The 

30-share BSE Sensex jumped 246.49 points to 25856.70 and the 50-share NSE Nifty rose 

82.95 points to 7872.25.

 

Stock Market Tips 

• Buy SKS Microfinance; target of Rs 570
• L&T looks attractive, invest in SBI, RIL
• Hold Idea Cellular
• Like Maruti Suzuki, prefer Tata Motors
• Like Gateway Distriparks, Snowman Logistics
• Buy UltraTech Cement, Ceat; sell Motherson Sumi

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Sensex 22,000 risk stays; keep away from capex plays

Read more at: http://www.moneycontrol.com/news/market-outlook/sensex-22000-risk-stays-keep-awaycapex-plays-ambit_3060281.html?utm_source=ref_article

Sensex 22,000 risk stays; keep away from capex plays

Read more at: http://www.moneycontrol.com/news/market-outlook/sensex-22000-risk-stays-keep-awaycapex-plays-ambit_3060281.html?utm_source=ref_article