Stock Market Tips For Tomorrow
Market Updates
Sensex crashes 541 pts, Nifty ends at 7812
3:30 pm Market closes:
Dragged by sharp sell-off, the market has ended with losses. The
Sensex plunged down 541.14 points or 2.1 percent at 25651.84. The Nifty crashes 165.10
points or 2.1 percent at 7812. About 977 shares have advanced, 1712 shares declined and
107 shares were unchanged.
Vedanta, Hindalco, Coal India, Tata Motors and L&T were major laggards.
3:20 pm How will market pan out? Siddharth Bhamre said this remains a
sell-on rise market. Short-covering rally can remain elusive for a while and advises investors
to remain guarded. He thinks 7900 is technically the support level for Nifty. Fundamental
expert Dipan Mehta says if earnings disppoint in this quarter, then we will be in bear market.
"A lot of course depends on the Reserve Bank commentary," he said.
Stock Market Tips :
to sell Goa property for a consideration of Rs 725 crore as part of its debt restructuring
process. The property will be acquired by Ceres Hotels Private Ltd, a wholly-owned Indian subsidiary of MetTube. However, Leelaventure will continue to operate the hotel
under Leela brand.Should we buy or sell the shares of Hotel Leela?
Brokerage house Emkay is bullish on SKS Microfinance and has recommended hold rating
on the stock with a target price of Rs 440 in its research report dated September 18, 2015.
Brokerage house Firstcall Research is bullish on Ultramarine and Pigments and has
recommended buy rating on the stock with a target price of Rs 87 in its research report dated
September 21, 2015..
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